Homeโ€บDealersโ€บSilverGoldBullโ€บHistoryโ€บSeptember 20, 2013

SILVERGOLDBULL GOLD PRICE โ€” SEPTEMBER 20, 2013

๐Ÿช SilverGoldBull โ€” 1 oz Gold Bar Price (CAD)

C$1,422.92
Premium: C$55.00 (4.02%)

On September 20, 2013, a 1 oz Gold Bar from SilverGoldBull was priced at C$1,422.92 per troy ounce in Canadian Dollars. This included the CAD spot price of C$1,367.92 plus a dealer premium of C$55.00 (4.02%). The gold spot price fell by -32.03 (-2.29%) compared to the previous trading day.

PRICE BREAKDOWN โ€” SEPTEMBER 20, 2013

ComponentPrice (CAD)
Gold Spot Price (XAU/CAD)C$1,367.92
SilverGoldBull Premium+C$55.00
SilverGoldBull 1 oz Bar PriceC$1,422.92

SPOT PRICE OHLC โ€” SEPTEMBER 20, 2013

MetricPrice (CAD)
OpenC$1,383.32
HighC$1,383.32
LowC$1,366.07
CloseC$1,367.92
Changeโ–ผ -32.03 (-2.29%)

COMPARE DEALERS ON SEPTEMBER 20, 2013

Dealer1 oz Bar (CAD)Premium
KitcoC$1,432.92C$65.00
Sprott MoneyC$1,445.92C$78.00
SilverGoldBull โœ“C$1,422.92C$55.00
TD Precious MetalsC$1,462.92C$95.00
Royal Canadian MintC$1,477.92C$110.00
Border GoldC$1,437.92C$70.00
โ† September 19, 2013 ๐Ÿ“… All Dates September 23, 2013 โ†’

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 September 20, 2013 for the full market overview.

๐Ÿ“Š Market Analysis โ€” September 20, 2013

For Canadian investors, understanding the relationship between the USD/CAD exchange rate and gold pricing is essential. A weakening Canadian Dollar amplifies gold returns in CAD terms, while a strengthening CAD can dampen returns even when USD-denominated gold rises. Gold has historically outperformed during periods of negative real interest rates โ€” when inflation exceeds the Bank of Canada's overnight rate. Canadian investors use gold as a hedge against purchasing power erosion, particularly when CPI exceeds 3%. The correlation between gold and the inverse of real rates makes it a strategic allocation in balanced portfolios.

โ“ Frequently Asked Questions

โ“ What payment methods are accepted?

Canadian gold dealers accept bank wire transfers (lowest premiums), e-Transfer/Interac, credit cards (2โ€“3% higher premiums), and in some cases PayPal or cryptocurrency. Bank wire is recommended for orders over C$5,000.

โ“ 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.

โ“ 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 1โ€“3% below spot price depending on product type and market conditions.

๐Ÿ’ก 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 โ€” 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%.

โš–๏ธ Unit Conversions (CAD)

UnitPrice (CAD)
Per Troy Ounce (31.1g)C$1,422.92
Per GramC$45.75
Per KilogramC$45,747.87
Per Pennyweight (1.555g)C$71.15
Per Tola (11.66g)C$533.60

๐Ÿ“š Learn more: How to Buy Gold in Canada ยท Gold Tax Guide ยท 25 Year Price Analysis ยท All Guides