GOLD PRICE ON AUGUST 3, 2011 (CAD)
📅 Historical Gold Price — XAU/CAD
On August 3, 2011, the gold spot price in CAD opened at C$1,595.99 per troy ounce and closed at C$1,599.36. The intraday high was C$1,607.92 and the low was C$1,588.01. Gold rose by C$30.87 (+1.97%) from the previous session. The USD/CAD exchange rate was 0.9615.
OHLC DATA — AUGUST 3, 2011
| Metric | Price (CAD) |
|---|---|
| Open | C$1,595.99 |
| High | C$1,607.92 |
| Low | C$1,588.01 |
| Close | C$1,599.36 |
| Change | +30.87 (+1.97%) |
PRICE IN OTHER UNITS
| Unit | Price (CAD) |
|---|---|
| Gold Price per Troy Ounce | C$1,599.36 |
| Gold Price per Gram | C$51.42 |
| Gold Price per Kilogram | C$51,420.54 |
COMPARE CANADIAN DEALERS
📊 Market Analysis — August 3, 2011
❓ Frequently Asked Questions
❓ What determines the daily gold price in Canada?
The gold spot price is set by continuous trading on global exchanges including COMEX (New York), London Bullion Market, and Shanghai Gold Exchange. The CAD price reflects the USD spot price multiplied by the USD/CAD exchange rate, meaning both gold and currency movements affect Canadian pricing.
❓ Is gold a good long-term investment in Canada?
Gold has historically preserved purchasing power against Canadian inflation. Over the past 25 years, gold in CAD has outperformed GICs, savings accounts, and even many equity benchmarks during bear markets. However, gold generates no income — returns come solely from price appreciation.
❓ How often do gold prices update?
Gold spot prices update every few seconds during market hours. The main trading sessions are London (3:00 AM – 12:00 PM ET), New York (8:20 AM – 1:30 PM ET), and Asian markets (evening ET). The CAD conversion rate updates approximately every 60 seconds.
💡 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 — 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.
⚖️ Unit Conversions (CAD)
| Unit | Price (CAD) |
|---|---|
| Per Troy Ounce (31.1g) | C$1,595.99 |
| Per Gram | C$51.31 |
| Per Kilogram | C$51,312.20 |
| Per Pennyweight (1.555g) | C$79.80 |
| Per Tola (11.66g) | C$598.50 |
📚 Learn more: How to Buy Gold in Canada · Gold Tax Guide · 25 Year Price Analysis · All Guides