Home›Dealers›SilverGoldBull›History›March 8, 2018

SILVERGOLDBULL GOLD PRICE — MARCH 8, 2018

🏪 SilverGoldBull — 1 oz Gold Bar Price (CAD)

C$1,758.49
Premium: C$55.00 (3.23%)

On March 8, 2018, a 1 oz Gold Bar from SilverGoldBull was priced at C$1,758.49 per troy ounce in Canadian Dollars. This included the CAD spot price of C$1,703.49 plus a dealer premium of C$55.00 (3.23%). The gold spot price fell by -13.53 (-0.79%) compared to the previous trading day.

PRICE BREAKDOWN — MARCH 8, 2018

ComponentPrice (CAD)
Gold Spot Price (XAU/CAD)C$1,703.49
SilverGoldBull Premium+C$55.00
SilverGoldBull 1 oz Bar PriceC$1,758.49

SPOT PRICE OHLC — MARCH 8, 2018

MetricPrice (CAD)
OpenC$1,709.81
HighC$1,712.39
LowC$1,702.71
CloseC$1,703.49
Change▼ -13.53 (-0.79%)

COMPARE DEALERS ON MARCH 8, 2018

Dealer1 oz Bar (CAD)Premium
KitcoC$1,768.49C$65.00
Sprott MoneyC$1,781.49C$78.00
SilverGoldBull ✓C$1,758.49C$55.00
TD Precious MetalsC$1,798.49C$95.00
Royal Canadian MintC$1,813.49C$110.00
Border GoldC$1,773.49C$70.00
← March 7, 2018 📅 All Dates March 9, 2018 →

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 March 8, 2018 for the full market overview.

📊 Market Analysis — March 8, 2018

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. Geopolitical tensions — including trade wars, military conflicts, and sanctions — historically drive gold higher as investors seek safe-haven assets. The Canadian Dollar, as a commodity currency tied to oil prices, can weaken independently during global uncertainty, creating a double tailwind for gold priced in CAD.

❓ 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

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.

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.

⚖️ Unit Conversions (CAD)

UnitPrice (CAD)
Per Troy Ounce (31.1g)C$1,758.49
Per GramC$56.54
Per KilogramC$56,536.68
Per Pennyweight (1.555g)C$87.92
Per Tola (11.66g)C$659.43

📚 Learn more: How to Buy Gold in Canada · Gold Tax Guide · 25 Year Price Analysis · All Guides