SPROTT MONEY GOLD PRICE — MAY 23, 2017
🏪 Sprott Money — 1 oz Gold Bar Price (CAD)
On May 23, 2017, a 1 oz Gold Bar from Sprott Money was priced at C$1,770.96 per troy ounce in Canadian Dollars. This included the CAD spot price of C$1,692.96 plus a dealer premium of C$78.00 (4.61%). The gold spot price fell by -11.03 (-0.65%) compared to the previous trading day.
PRICE BREAKDOWN — MAY 23, 2017
| Component | Price (CAD) |
|---|---|
| Gold Spot Price (XAU/CAD) | C$1,692.96 |
| Sprott Money Premium | +C$78.00 |
| Sprott Money 1 oz Bar Price | C$1,770.96 |
SPOT PRICE OHLC — MAY 23, 2017
| Metric | Price (CAD) |
|---|---|
| Open | C$1,702.00 |
| High | C$1,702.14 |
| Low | C$1,687.30 |
| Close | C$1,692.96 |
| Change | ▼ -11.03 (-0.65%) |
COMPARE DEALERS ON MAY 23, 2017
| Dealer | 1 oz Bar (CAD) | Premium |
|---|---|---|
| Kitco | C$1,757.96 | C$65.00 |
| Sprott Money ✓ | C$1,770.96 | C$78.00 |
| SilverGoldBull | C$1,747.96 | C$55.00 |
| TD Precious Metals | C$1,787.96 | C$95.00 |
| Royal Canadian Mint | C$1,802.96 | C$110.00 |
| Border Gold | C$1,762.96 | 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 May 23, 2017 for the full market overview.
📊 Market Analysis — May 23, 2017
❓ Frequently Asked Questions
❓ 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.
❓ 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.
💡 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 — 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%.
⚖️ Unit Conversions (CAD)
| Unit | Price (CAD) |
|---|---|
| Per Troy Ounce (31.1g) | C$1,770.96 |
| Per Gram | C$56.94 |
| Per Kilogram | C$56,937.60 |
| Per Pennyweight (1.555g) | C$88.55 |
| Per Tola (11.66g) | C$664.11 |
📚 Learn more: How to Buy Gold in Canada · Gold Tax Guide · 25 Year Price Analysis · All Guides