ROYAL CANADIAN MINT GOLD PRICE — OCTOBER 18, 2016
🏪 Royal Canadian Mint — 1 oz Gold Bar Price (CAD)
On October 18, 2016, a 1 oz Gold Bar from Royal Canadian Mint was priced at C$1,763.51 per troy ounce in Canadian Dollars. This included the CAD spot price of C$1,653.51 plus a dealer premium of C$110.00 (6.65%). The gold spot price rose by +5.02 (+0.30%) compared to the previous trading day.
PRICE BREAKDOWN — OCTOBER 18, 2016
| Component | Price (CAD) |
|---|---|
| Gold Spot Price (XAU/CAD) | C$1,653.51 |
| Royal Canadian Mint Premium | +C$110.00 |
| Royal Canadian Mint 1 oz Bar Price | C$1,763.51 |
SPOT PRICE OHLC — OCTOBER 18, 2016
| Metric | Price (CAD) |
|---|---|
| Open | C$1,653.65 |
| High | C$1,654.69 |
| Low | C$1,653.51 |
| Close | C$1,653.51 |
| Change | ▲ +5.02 (+0.30%) |
COMPARE DEALERS ON OCTOBER 18, 2016
| Dealer | 1 oz Bar (CAD) | Premium |
|---|---|---|
| Kitco | C$1,718.51 | C$65.00 |
| Sprott Money | C$1,731.51 | C$78.00 |
| SilverGoldBull | C$1,708.51 | C$55.00 |
| TD Precious Metals | C$1,748.51 | C$95.00 |
| Royal Canadian Mint ✓ | C$1,763.51 | C$110.00 |
| Border Gold | C$1,723.51 | C$70.00 |
ABOUT ROYAL CANADIAN MINT
The Royal Canadian Mint is the Crown corporation producing Canada's iconic Gold Maple Leaf coins at 99.99% purity. Visit the Royal Canadian Mint dealer page for current live prices. See the gold spot price on October 18, 2016 for the full market overview.
📊 Market Analysis — October 18, 2016
❓ Frequently Asked Questions
❓ What payment methods are accepted?
Canadian gold dealers accept bank wire transfers (lowest premiums), e-Transfer/Interac, credit cards (2–3% higher premiums), and in some cases PayPal or cryptocurrency. Bank wire is recommended for orders over C$5,000.
❓ How do I verify gold authenticity?
Reputable Canadian dealers like Kitco and Sprott Money sell only assayed products from LBMA-approved refiners. The Royal Canadian Mint includes anti-counterfeiting features on Maple Leaf coins including micro-engraved laser marks and radial lines visible under magnification.
❓ Can I sell gold back to dealers?
Yes, most Canadian dealers offer buyback programs. Kitco, Sprott Money, and SilverGoldBull all purchase gold from customers at competitive bid prices, typically 1–3% below spot price depending on product type and market conditions.
💡 Canadian Gold Investor Guide
Dollar-Cost Averaging (DCA): Buy a fixed CAD amount of gold each month — say C$500. This strategy reduces the impact of short-term volatility and removes the stress of timing the market. Over 10+ years, DCA has historically produced returns close to the annual average gold price.
Portfolio Allocation: Most Canadian financial planners recommend allocating 5–15% of a diversified portfolio to gold and precious metals. This allocation provides downside protection during equity bear markets while maintaining growth potential during inflationary periods.
⚖️ Unit Conversions (CAD)
| Unit | Price (CAD) |
|---|---|
| Per Troy Ounce (31.1g) | C$1,763.51 |
| Per Gram | C$56.70 |
| Per Kilogram | C$56,698.08 |
| Per Pennyweight (1.555g) | C$88.18 |
| Per Tola (11.66g) | C$661.32 |
📚 Learn more: How to Buy Gold in Canada · Gold Tax Guide · 25 Year Price Analysis · All Guides