TD PRECIOUS METALS GOLD PRICE — AUGUST 21, 2020
🏪 TD Precious Metals — 1 oz Gold Bar Price (CAD)
On August 21, 2020, a 1 oz Gold Bar from TD Precious Metals was priced at C$2,643.33 per troy ounce in Canadian Dollars. This included the CAD spot price of C$2,548.33 plus a dealer premium of C$95.00 (3.73%). The gold spot price fell by -6.65 (-0.26%) compared to the previous trading day.
PRICE BREAKDOWN — AUGUST 21, 2020
| Component | Price (CAD) |
|---|---|
| Gold Spot Price (XAU/CAD) | C$2,548.33 |
| TD Precious Metals Premium | +C$95.00 |
| TD Precious Metals 1 oz Bar Price | C$2,643.33 |
SPOT PRICE OHLC — AUGUST 21, 2020
| Metric | Price (CAD) |
|---|---|
| Open | C$2,556.76 |
| High | C$2,562.03 |
| Low | C$2,514.48 |
| Close | C$2,548.33 |
| Change | ▼ -6.65 (-0.26%) |
COMPARE DEALERS ON AUGUST 21, 2020
| Dealer | 1 oz Bar (CAD) | Premium |
|---|---|---|
| Kitco | C$2,613.33 | C$65.00 |
| Sprott Money | C$2,626.33 | C$78.00 |
| SilverGoldBull | C$2,603.33 | C$55.00 |
| TD Precious Metals ✓ | C$2,643.33 | C$95.00 |
| Royal Canadian Mint | C$2,658.33 | C$110.00 |
| Border Gold | C$2,618.33 | C$70.00 |
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 August 21, 2020 for the full market overview.
📊 Market Analysis — August 21, 2020
❓ Frequently Asked Questions
❓ 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.
❓ 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.
💡 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$2,643.33 |
| Per Gram | C$84.98 |
| Per Kilogram | C$84,984.91 |
| Per Pennyweight (1.555g) | C$132.17 |
| Per Tola (11.66g) | C$991.25 |
📚 Learn more: How to Buy Gold in Canada · Gold Tax Guide · 25 Year Price Analysis · All Guides