SPROTT MONEY GOLD PRICE — JANUARY 24, 2012
🏪 Sprott Money — 1 oz Gold Bar Price (CAD)
On January 24, 2012, a 1 oz Gold Bar from Sprott Money was priced at C$1,754.50 per troy ounce in Canadian Dollars. This included the CAD spot price of C$1,676.50 plus a dealer premium of C$78.00 (4.65%). The gold spot price fell by -26.67 (-1.57%) compared to the previous trading day.
PRICE BREAKDOWN — JANUARY 24, 2012
| Component | Price (CAD) |
|---|---|
| Gold Spot Price (XAU/CAD) | C$1,676.50 |
| Sprott Money Premium | +C$78.00 |
| Sprott Money 1 oz Bar Price | C$1,754.50 |
SPOT PRICE OHLC — JANUARY 24, 2012
| Metric | Price (CAD) |
|---|---|
| Open | C$1,679.22 |
| High | C$1,680.53 |
| Low | C$1,676.50 |
| Close | C$1,676.50 |
| Change | ▼ -26.67 (-1.57%) |
COMPARE DEALERS ON JANUARY 24, 2012
| Dealer | 1 oz Bar (CAD) | Premium |
|---|---|---|
| Kitco | C$1,741.50 | C$65.00 |
| Sprott Money ✓ | C$1,754.50 | C$78.00 |
| SilverGoldBull | C$1,731.50 | C$55.00 |
| TD Precious Metals | C$1,771.50 | C$95.00 |
| Royal Canadian Mint | C$1,786.50 | C$110.00 |
| Border Gold | C$1,746.50 | C$70.00 |
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 January 24, 2012 for the full market overview.
📊 Market Analysis — January 24, 2012
❓ 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
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.
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.
⚖️ Unit Conversions (CAD)
| Unit | Price (CAD) |
|---|---|
| Per Troy Ounce (31.1g) | C$1,754.50 |
| Per Gram | C$56.41 |
| Per Kilogram | C$56,408.40 |
| Per Pennyweight (1.555g) | C$87.72 |
| Per Tola (11.66g) | C$657.94 |
📚 Learn more: How to Buy Gold in Canada · Gold Tax Guide · 25 Year Price Analysis · All Guides