10OZ GOLD BAR — MAY 12, 2022
🪙 99.99% Purity · GST/HST-exempt · RRSP/TFSA: Yes
On Thursday, May 12, 2022, the 10oz Gold Bar was priced at C$2,417.32 in Canadian Dollars. This included the spot price of C$2,369.92 plus a typical dealer premium of C$47.40 (2.0% over spot). Gold fell C$44.24 (-1.83%) 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 2022, gold in CAD traded between C$2,187.41 and C$2,611.61, with an annual average of C$2,340.30. This day's price was 1.3% above the yearly average and -9.3% from the year's high.
PRICE BREAKDOWN
| Component | CAD |
|---|---|
| Gold Spot (XAU/CAD) | C$2,369.92 |
| Premium (2.0%) | +C$47.40 |
| 10oz Gold Bar | C$2,417.32 |
| Per Gram | C$77.72 |
CANADIAN DEALER PRICES — MAY 12, 2022
| Dealer | 1 oz Bar (CAD) | Premium |
|---|---|---|
| Kitco | C$2,434.92 | C$65.00 |
| Sprott Money | C$2,447.92 | C$78.00 |
| SilverGoldBull | C$2,424.92 | C$55.00 |
| TD Precious Metals | C$2,464.92 | C$95.00 |
| Royal Canadian Mint | C$2,479.92 | C$110.00 |
| Border Gold | C$2,439.92 | C$70.00 |
📊 Market Analysis — May 12, 2022
❓ Frequently Asked Questions
❓ 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.
❓ How should I store gold safely at home?
If storing at home, use a UL-rated fire-resistant safe bolted to concrete. Consider a rider on your home insurance policy. For larger holdings, allocated vault storage through Kitco Pool or Sprott Money provides institutional-grade security.
❓ 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.
💡 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$2,417.32 |
| Per Gram | C$77.72 |
| Per Kilogram | C$77,718.53 |
| Per Pennyweight (1.555g) | C$120.87 |
| Per Tola (11.66g) | C$906.50 |
📚 Learn more: How to Buy Gold in Canada · Gold Tax Guide · 25 Year Price Analysis · All Guides