Homeโ€บDealersโ€บTD Precious Metalsโ€บHistoryโ€บJune 10, 2004

TD PRECIOUS METALS GOLD PRICE โ€” JUNE 10, 2004

๐Ÿช TD Precious Metals โ€” 1 oz Gold Bar Price (CAD)

C$619.48
Premium: C$95.00 (18.11%)

On June 10, 2004, a 1 oz Gold Bar from TD Precious Metals was priced at C$619.48 per troy ounce in Canadian Dollars. This included the CAD spot price of C$524.48 plus a dealer premium of C$95.00 (18.11%). The gold spot price rose by +1.64 (+0.31%) compared to the previous trading day.

PRICE BREAKDOWN โ€” JUNE 10, 2004

ComponentPrice (CAD)
Gold Spot Price (XAU/CAD)C$524.48
TD Precious Metals Premium+C$95.00
TD Precious Metals 1 oz Bar PriceC$619.48

SPOT PRICE OHLC โ€” JUNE 10, 2004

MetricPrice (CAD)
OpenC$523.66
HighC$523.93
LowC$522.57
CloseC$524.48
Changeโ–ฒ +1.64 (+0.31%)

COMPARE DEALERS ON JUNE 10, 2004

Dealer1 oz Bar (CAD)Premium
KitcoC$589.48C$65.00
Sprott MoneyC$602.48C$78.00
SilverGoldBullC$579.48C$55.00
TD Precious Metals โœ“C$619.48C$95.00
Royal Canadian MintC$634.48C$110.00
Border GoldC$594.48C$70.00
โ† June 9, 2004 ๐Ÿ“… All Dates June 14, 2004 โ†’

ABOUT TD PRECIOUS METALS

TD Precious Metals is the bullion division of TD Bank, one of Canada's Big Five banks, offering institutional trust. Visit the TD Precious Metals dealer page for current live prices. See the gold spot price on June 10, 2004 for the full market overview.

๐Ÿ“Š Market Analysis โ€” June 10, 2004

The precious metals market in Canada is influenced by multiple factors including global supply and demand, mining production costs, central bank reserves management, and macroeconomic indicators such as GDP growth, unemployment rates, and consumer price inflation. The London Bullion Market Association (LBMA) sets the benchmark gold price twice daily through electronic auction. This price, quoted in USD, is then converted to CAD using the prevailing exchange rate. Canadian dealers like Kitco update their premiums every 10โ€“30 seconds based on these spot movements.

โ“ Frequently Asked Questions

โ“ 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 1โ€“3% below spot price depending on product type and market conditions.

โ“ 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 1โ€“2% lower premiums than credit card purchases. Larger orders (10+ oz) may qualify for volume discounts from most Canadian dealers.

โ“ 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$200โ€“C$500 depending on the dealer.

๐Ÿ’ก 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 โ€” 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.

โš–๏ธ Unit Conversions (CAD)

UnitPrice (CAD)
Per Troy Ounce (31.1g)C$619.48
Per GramC$19.92
Per KilogramC$19,916.72
Per Pennyweight (1.555g)C$30.97
Per Tola (11.66g)C$232.31

๐Ÿ“š Learn more: How to Buy Gold in Canada ยท Gold Tax Guide ยท 25 Year Price Analysis ยท All Guides