ROYAL CANADIAN MINT GOLD PRICE — DECEMBER 5, 2016
🏪 Royal Canadian Mint — 1 oz Gold Bar Price (CAD)
On December 5, 2016, a 1 oz Gold Bar from Royal Canadian Mint was priced at C$1,673.81 per troy ounce in Canadian Dollars. This included the CAD spot price of C$1,563.81 plus a dealer premium of C$110.00 (7.03%). The gold spot price rose by +0.12 (+0.01%) compared to the previous trading day.
PRICE BREAKDOWN — DECEMBER 5, 2016
| Component | Price (CAD) |
|---|---|
| Gold Spot Price (XAU/CAD) | C$1,563.81 |
| Royal Canadian Mint Premium | +C$110.00 |
| Royal Canadian Mint 1 oz Bar Price | C$1,673.81 |
SPOT PRICE OHLC — DECEMBER 5, 2016
| Metric | Price (CAD) |
|---|---|
| Open | C$1,574.20 |
| High | C$1,580.73 |
| Low | C$1,541.17 |
| Close | C$1,563.81 |
| Change | ▲ +0.12 (+0.01%) |
COMPARE DEALERS ON DECEMBER 5, 2016
| Dealer | 1 oz Bar (CAD) | Premium |
|---|---|---|
| Kitco | C$1,628.81 | C$65.00 |
| Sprott Money | C$1,641.81 | C$78.00 |
| SilverGoldBull | C$1,618.81 | C$55.00 |
| TD Precious Metals | C$1,658.81 | C$95.00 |
| Royal Canadian Mint ✓ | C$1,673.81 | C$110.00 |
| Border Gold | C$1,633.81 | 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 December 5, 2016 for the full market overview.
📊 Market Analysis — December 5, 2016
❓ Frequently Asked Questions
❓ 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.
❓ What affects Canadian dealer premiums?
Premiums above spot price vary based on product type, weight, payment method, and market conditions. Bank wire transfers typically earn 1–2% lower premiums than credit card purchases. Larger orders (10+ oz) may qualify for volume discounts from most Canadian dealers.
💡 Canadian Gold Investor Guide
Physical vs Paper Gold: Physical bullion (bars, coins) provides tangible ownership with no counterparty risk, ideal for long-term holdings. ETFs (CGL.TO, MNT.TO) offer convenience for trading and rebalancing. A combination of both can optimize for both security and flexibility.
Tax-Efficient Gold Investing: Maximize TFSA contributions first — all gold gains are 100% tax-free. Then use RRSP for tax-deductible contributions where gains are tax-deferred. Keep non-registered gold purchases for emergency reserves, as the capital gains inclusion rate is 50%.
⚖️ Unit Conversions (CAD)
| Unit | Price (CAD) |
|---|---|
| Per Troy Ounce (31.1g) | C$1,673.81 |
| Per Gram | C$53.81 |
| Per Kilogram | C$53,814.16 |
| Per Pennyweight (1.555g) | C$83.69 |
| Per Tola (11.66g) | C$627.68 |
📚 Learn more: How to Buy Gold in Canada · Gold Tax Guide · 25 Year Price Analysis · All Guides