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GOLD PRICE ON SEPTEMBER 23, 2011 (CAD)

📅 Historical Gold Price — XAU/CAD

On September 23, 2011, the gold spot price in CAD opened at C$1,785.94 per troy ounce and closed at C$1,683.35. The intraday high was C$1,785.94 and the low was C$1,682.12. Gold fell by C$65.83 (-3.76%) from the previous session. The USD/CAD exchange rate was 1.028.

OHLC DATA — SEPTEMBER 23, 2011

Metric	Price (CAD)
Open	C$1,785.94
High	C$1,785.94
Low	C$1,682.12
Close	C$1,683.35
Change	-65.83 (-3.76%)

Metric

Price (CAD)

Open

C$1,785.94

High

C$1,785.94

Low

C$1,682.12

Close

C$1,683.35

Change

-65.83 (-3.76%)

PRICE IN OTHER UNITS

Unit	Price (CAD)
Gold Price per Troy Ounce	C$1,683.35
Gold Price per Gram	C$54.12
Gold Price per Kilogram	C$54,120.88

Unit

Price (CAD)

Gold Price per Troy Ounce

C$1,683.35

Gold Price per Gram

C$54.12

Gold Price per Kilogram

C$54,120.88

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COMPARE CANADIAN DEALERS

📊 Market Analysis — September 23, 2011

Market technicals for gold in CAD incorporate both the underlying commodity trend and currency movements. Support and resistance levels for XAU/CAD often differ from XAU/USD due to the additional variable of Canadian Dollar strength. Seasonal gold price patterns show that gold tends to perform well in January (New Year investment flows), August–September (Indian wedding season demand), and during year-end tax-loss harvesting. Canadian investors can use these seasonal trends to time bullion purchases for potentially better entry prices.

❓ Frequently Asked Questions

❓ 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.

❓ Why does gold in CAD differ from USD prices?

Gold in CAD = (Gold in USD) × (USD/CAD exchange rate). When the Canadian Dollar weakens against the USD, gold in CAD rises even if the USD price is flat. This currency effect has historically added 2–4% annualized return for Canadian gold investors compared to USD returns.

💡 Canadian Gold Investor Guide

Portfolio Allocation: Most Canadian financial planners recommend allocating 5–15% of a diversified portfolio to gold and precious metals. This allocation provides downside protection during equity bear markets while maintaining growth potential during inflationary periods.

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.

⚖️ Unit Conversions (CAD)

Unit	Price (CAD)
Per Troy Ounce (31.1g)	C$1,785.94
Per Gram	C$57.42
Per Kilogram	C$57,419.22
Per Pennyweight (1.555g)	C$89.30
Per Tola (11.66g)	C$669.73

Unit

Price (CAD)

Per Troy Ounce (31.1g)

C$1,785.94

Per Gram

C$57.42

Per Kilogram

C$57,419.22

Per Pennyweight (1.555g)

C$89.30

Per Tola (11.66g)

C$669.73

📚 Learn more: How to Buy Gold in Canada · Gold Tax Guide · 25 Year Price Analysis · All Guides