SILVERGOLDBULL GOLD PRICE — OCTOBER 16, 2006
🏪 SilverGoldBull — 1 oz Gold Bar Price (CAD)
On October 16, 2006, a 1 oz Gold Bar from SilverGoldBull was priced at C$730.76 per troy ounce in Canadian Dollars. This included the CAD spot price of C$675.76 plus a dealer premium of C$55.00 (8.14%). The gold spot price rose by +4.82 (+0.72%) compared to the previous trading day.
PRICE BREAKDOWN — OCTOBER 16, 2006
| Component | Price (CAD) |
|---|---|
| Gold Spot Price (XAU/CAD) | C$675.76 |
| SilverGoldBull Premium | +C$55.00 |
| SilverGoldBull 1 oz Bar Price | C$730.76 |
SPOT PRICE OHLC — OCTOBER 16, 2006
| Metric | Price (CAD) |
|---|---|
| Open | C$674.39 |
| High | C$675.53 |
| Low | C$674.39 |
| Close | C$675.76 |
| Change | ▲ +4.82 (+0.72%) |
COMPARE DEALERS ON OCTOBER 16, 2006
| Dealer | 1 oz Bar (CAD) | Premium |
|---|---|---|
| Kitco | C$740.76 | C$65.00 |
| Sprott Money | C$753.76 | C$78.00 |
| SilverGoldBull ✓ | C$730.76 | C$55.00 |
| TD Precious Metals | C$770.76 | C$95.00 |
| Royal Canadian Mint | C$785.76 | C$110.00 |
| Border Gold | C$745.76 | C$70.00 |
ABOUT SILVERGOLDBULL
SilverGoldBull is one of Canada's fastest-growing precious metals dealers, based in Calgary, Alberta, known for low premiums. Visit the SilverGoldBull dealer page for current live prices. See the gold spot price on October 16, 2006 for the full market overview.
📊 Market Analysis — October 16, 2006
❓ Frequently Asked Questions
❓ 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.
❓ Is shipping gold safe in Canada?
Major dealers ship via insured courier (Canada Post Xpresspost, Purolator) with full insurance coverage. All packages are discreetly labelled with no indication of contents. Free shipping thresholds typically range from C$200–C$500 depending on the dealer.
❓ 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.
💡 Canadian Gold Investor Guide
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.
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.
⚖️ Unit Conversions (CAD)
| Unit | Price (CAD) |
|---|---|
| Per Troy Ounce (31.1g) | C$730.76 |
| Per Gram | C$23.49 |
| Per Kilogram | C$23,494.45 |
| Per Pennyweight (1.555g) | C$36.54 |
| Per Tola (11.66g) | C$274.03 |
📚 Learn more: How to Buy Gold in Canada · Gold Tax Guide · 25 Year Price Analysis · All Guides