SPROTT MONEY GOLD PRICE — NOVEMBER 19, 2020
🏪 Sprott Money — 1 oz Gold Bar Price (CAD)
On November 19, 2020, a 1 oz Gold Bar from Sprott Money was priced at C$2,513.10 per troy ounce in Canadian Dollars. This included the CAD spot price of C$2,435.10 plus a dealer premium of C$78.00 (3.20%). The gold spot price fell by -20.12 (-0.82%) compared to the previous trading day.
PRICE BREAKDOWN — NOVEMBER 19, 2020
| Component | Price (CAD) |
|---|---|
| Gold Spot Price (XAU/CAD) | C$2,435.10 |
| Sprott Money Premium | +C$78.00 |
| Sprott Money 1 oz Bar Price | C$2,513.10 |
SPOT PRICE OHLC — NOVEMBER 19, 2020
| Metric | Price (CAD) |
|---|---|
| Open | C$2,441.25 |
| High | C$2,441.25 |
| Low | C$2,428.43 |
| Close | C$2,435.10 |
| Change | ▼ -20.12 (-0.82%) |
COMPARE DEALERS ON NOVEMBER 19, 2020
| Dealer | 1 oz Bar (CAD) | Premium |
|---|---|---|
| Kitco | C$2,500.10 | C$65.00 |
| Sprott Money ✓ | C$2,513.10 | C$78.00 |
| SilverGoldBull | C$2,490.10 | C$55.00 |
| TD Precious Metals | C$2,530.10 | C$95.00 |
| Royal Canadian Mint | C$2,545.10 | C$110.00 |
| Border Gold | C$2,505.10 | 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 November 19, 2020 for the full market overview.
📊 Market Analysis — November 19, 2020
❓ Frequently Asked Questions
❓ 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.
❓ 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.
💡 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$2,513.10 |
| Per Gram | C$80.80 |
| Per Kilogram | C$80,797.92 |
| Per Pennyweight (1.555g) | C$125.66 |
| Per Tola (11.66g) | C$942.41 |
📚 Learn more: How to Buy Gold in Canada · Gold Tax Guide · 25 Year Price Analysis · All Guides