Homeโ€บDealersโ€บTD Precious Metalsโ€บHistoryโ€บNovember 4, 2004

TD PRECIOUS METALS GOLD PRICE โ€” NOVEMBER 4, 2004

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

C$614.00
Premium: C$95.00 (18.30%)

On November 4, 2004, a 1 oz Gold Bar from TD Precious Metals was priced at C$614.00 per troy ounce in Canadian Dollars. This included the CAD spot price of C$519.00 plus a dealer premium of C$95.00 (18.30%). The gold spot price rose by +6.55 (+1.28%) compared to the previous trading day.

PRICE BREAKDOWN โ€” NOVEMBER 4, 2004

ComponentPrice (CAD)
Gold Spot Price (XAU/CAD)C$519.00
TD Precious Metals Premium+C$95.00
TD Precious Metals 1 oz Bar PriceC$614.00

SPOT PRICE OHLC โ€” NOVEMBER 4, 2004

MetricPrice (CAD)
OpenC$519.00
HighC$519.00
LowC$519.00
CloseC$519.00
Changeโ–ฒ +6.55 (+1.28%)

COMPARE DEALERS ON NOVEMBER 4, 2004

Dealer1 oz Bar (CAD)Premium
KitcoC$584.00C$65.00
Sprott MoneyC$597.00C$78.00
SilverGoldBullC$574.00C$55.00
TD Precious Metals โœ“C$614.00C$95.00
Royal Canadian MintC$629.00C$110.00
Border GoldC$589.00C$70.00
โ† November 3, 2004 ๐Ÿ“… All Dates November 5, 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 November 4, 2004 for the full market overview.

๐Ÿ“Š Market Analysis โ€” November 4, 2004

For Canadian investors, understanding the relationship between the USD/CAD exchange rate and gold pricing is essential. A weakening Canadian Dollar amplifies gold returns in CAD terms, while a strengthening CAD can dampen returns even when USD-denominated gold rises. Geopolitical tensions โ€” including trade wars, military conflicts, and sanctions โ€” historically drive gold higher as investors seek safe-haven assets. The Canadian Dollar, as a commodity currency tied to oil prices, can weaken independently during global uncertainty, creating a double tailwind for gold priced in CAD.

โ“ Frequently Asked Questions

โ“ What payment methods are accepted?

Canadian gold dealers accept bank wire transfers (lowest premiums), e-Transfer/Interac, credit cards (2โ€“3% higher premiums), and in some cases PayPal or cryptocurrency. Bank wire is recommended for orders over C$5,000.

โ“ 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.

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.

๐Ÿ’ก Canadian Gold Investor Guide

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.

Dollar-Cost Averaging (DCA): Buy a fixed CAD amount of gold each month โ€” 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.

โš–๏ธ Unit Conversions (CAD)

UnitPrice (CAD)
Per Troy Ounce (31.1g)C$614.00
Per GramC$19.74
Per KilogramC$19,740.53
Per Pennyweight (1.555g)C$30.70
Per Tola (11.66g)C$230.25

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