Home›Products›10oz Gold Bar›August 8, 2017

10OZ GOLD BAR — AUGUST 8, 2017

🪙 99.99% Purity · GST/HST-exempt · RRSP/TFSA: Yes

C$1,624.34
Premium: C$31.85 (2.0%)

On Tuesday, August 8, 2017, the 10oz Gold Bar was priced at C$1,624.34 in Canadian Dollars. This included the spot price of C$1,592.49 plus a typical dealer premium of C$31.85 (2.0% over spot). Gold rose C$2.00 (+0.13%) from the previous session.

10oz gold bars offer bulk savings with lower premiums per ounce compared to 1oz products. These bars are popular among Canadian investors making larger bullion purchases. The Royal Canadian Mint and major refiners produce 10oz bars in 99.99% purity, making them eligible for RRSP/TFSA accounts and exempt from GST/HST.

In 2017, gold in CAD traded between C$1,550.35 and C$1,744.55, with an annual average of C$1,632.14. This day's price was -2.4% below the yearly average and -8.7% from the year's high.

PRICE BREAKDOWN

ComponentCAD
Gold Spot (XAU/CAD)C$1,592.49
Premium (2.0%)+C$31.85
10oz Gold BarC$1,624.34
Per GramC$52.22

CANADIAN DEALER PRICES — AUGUST 8, 2017

Dealer1 oz Bar (CAD)Premium
KitcoC$1,657.49C$65.00
Sprott MoneyC$1,670.49C$78.00
SilverGoldBullC$1,647.49C$55.00
TD Precious MetalsC$1,687.49C$95.00
Royal Canadian MintC$1,702.49C$110.00
Border GoldC$1,662.49C$70.00

RELATED

Spot August 8, 2017 10oz Gold Bar All Products Compare Dealers

📊 Market Analysis — August 8, 2017

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 10–30 seconds based on these spot movements.

❓ Frequently Asked Questions

❓ What is the best size to buy for Canadian investors?

For most Canadian investors, 1oz gold bars or Canadian Gold Maple Leaf coins offer the best balance of premium and liquidity. Larger bars (10oz, kilo) have lower premiums per ounce but can be harder to liquidate in smaller amounts.

❓ Can I hold gold in my RRSP or TFSA?

Gold bars and coins with 99.5%+ purity from approved refiners can be held in a self-directed RRSP or TFSA through a qualified custodian. Storage is handled by approved vault facilities like those operated by the Royal Canadian Mint.

❓ Is this product GST/HST-exempt in Canada?

Under the Excise Tax Act, investment-grade gold bullion with 99.5% or higher purity is exempt from GST/HST across all Canadian provinces. Products below this threshold (e.g., American Eagle at 91.67% gold) are subject to full provincial sales tax.

💡 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)

UnitPrice (CAD)
Per Troy Ounce (31.1g)C$1,624.34
Per GramC$52.22
Per KilogramC$52,223.67
Per Pennyweight (1.555g)C$81.22
Per Tola (11.66g)C$609.13

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