ROYAL CANADIAN MINT GOLD PRICE — FEBRUARY 5, 2024
🏪 Royal Canadian Mint — 1 oz Gold Bar Price (CAD)
On February 5, 2024, a 1 oz Gold Bar from Royal Canadian Mint was priced at C$2,838.64 per troy ounce in Canadian Dollars. This included the CAD spot price of C$2,728.64 plus a dealer premium of C$110.00 (4.03%). The gold spot price rose by +3.73 (+0.14%) compared to the previous trading day.
PRICE BREAKDOWN — FEBRUARY 5, 2024
| Component | Price (CAD) |
|---|---|
| Gold Spot Price (XAU/CAD) | C$2,728.64 |
| Royal Canadian Mint Premium | +C$110.00 |
| Royal Canadian Mint 1 oz Bar Price | C$2,838.64 |
SPOT PRICE OHLC — FEBRUARY 5, 2024
| Metric | Price (CAD) |
|---|---|
| Open | C$2,746.42 |
| High | C$2,748.98 |
| Low | C$2,712.61 |
| Close | C$2,728.64 |
| Change | ▲ +3.73 (+0.14%) |
COMPARE DEALERS ON FEBRUARY 5, 2024
| Dealer | 1 oz Bar (CAD) | Premium |
|---|---|---|
| Kitco | C$2,793.64 | C$65.00 |
| Sprott Money | C$2,806.64 | C$78.00 |
| SilverGoldBull | C$2,783.64 | C$55.00 |
| TD Precious Metals | C$2,823.64 | C$95.00 |
| Royal Canadian Mint ✓ | C$2,838.64 | C$110.00 |
| Border Gold | C$2,798.64 | 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 February 5, 2024 for the full market overview.
📊 Market Analysis — February 5, 2024
❓ 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
When to Buy and Sell Gold: Consider buying when gold-to-stock ratios are low and selling when gold exceeds your target allocation. Profit-taking near historical highs and reallocating to undervalued assets can lock in gains. Avoid panic selling during short-term dips — gold rewards patient holders.
Storage Considerations: Home safe (for holdings under C$50,000), bank safe deposit box (limited insurance), or allocated vault storage through dealers like Kitco or Sprott Money (institutional security, insured). Each option involves different cost, convenience, and risk trade-offs.
⚖️ Unit Conversions (CAD)
| Unit | Price (CAD) |
|---|---|
| Per Troy Ounce (31.1g) | C$2,838.64 |
| Per Gram | C$91.26 |
| Per Kilogram | C$91,264.26 |
| Per Pennyweight (1.555g) | C$141.93 |
| Per Tola (11.66g) | C$1,064.49 |
📚 Learn more: How to Buy Gold in Canada · Gold Tax Guide · 25 Year Price Analysis · All Guides