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SPROTT MONEY GOLD PRICE — SEPTEMBER 23, 2004

🏪 Sprott Money — 1 oz Gold Bar Price (CAD)

C$603.87
Premium: C$78.00 (14.83%)

On September 23, 2004, a 1 oz Gold Bar from Sprott Money was priced at C$603.87 per troy ounce in Canadian Dollars. This included the CAD spot price of C$525.87 plus a dealer premium of C$78.00 (14.83%). The gold spot price rose by +3.39 (+0.65%) compared to the previous trading day.

PRICE BREAKDOWN — SEPTEMBER 23, 2004

ComponentPrice (CAD)
Gold Spot Price (XAU/CAD)C$525.87
Sprott Money Premium+C$78.00
Sprott Money 1 oz Bar PriceC$603.87

SPOT PRICE OHLC — SEPTEMBER 23, 2004

MetricPrice (CAD)
OpenC$525.87
HighC$525.87
LowC$525.87
CloseC$525.87
Change▲ +3.39 (+0.65%)

COMPARE DEALERS ON SEPTEMBER 23, 2004

Dealer1 oz Bar (CAD)Premium
KitcoC$590.87C$65.00
Sprott Money ✓C$603.87C$78.00
SilverGoldBullC$580.87C$55.00
TD Precious MetalsC$620.87C$95.00
Royal Canadian MintC$635.87C$110.00
Border GoldC$595.87C$70.00
← September 22, 2004 📅 All Dates September 24, 2004 →

ABOUT SPROTT MONEY

Sprott Money Ltd., a subsidiary of Sprott Inc. (TSX: SII), is a leading Canadian precious metals dealer based in Toronto. Visit the Sprott Money dealer page for current live prices. See the gold spot price on September 23, 2004 for the full market overview.

📊 Market Analysis — September 23, 2004

Gold demand in Canada has grown significantly over the past decade, driven by institutional investors, ETF flows, and retail buyers seeking portfolio diversification. The Royal Canadian Mint's Gold Maple Leaf remains one of the world's most widely traded bullion coins. Exchange-traded funds (ETFs) like SPDR Gold Shares (GLD) and iShares Gold Bullion ETF (CGL.TO) offer paper gold exposure. However, physical bullion provides tangible ownership without counterparty risk. Canadian investors should weigh convenience (ETFs) against security (physical) when building gold allocations.

❓ 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

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)

UnitPrice (CAD)
Per Troy Ounce (31.1g)C$603.87
Per GramC$19.41
Per KilogramC$19,414.84
Per Pennyweight (1.555g)C$30.19
Per Tola (11.66g)C$226.45

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