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1OZ GOLD BAR — SEPTEMBER 10, 2020

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

C$2,634.52
Premium: C$64.26 (2.5%)

On Thursday, September 10, 2020, the 1oz Gold Bar was priced at C$2,634.52 in Canadian Dollars. This included the spot price of C$2,570.26 plus a typical dealer premium of C$64.26 (2.5% over spot). Gold fell C$4.35 (-0.17%) from the previous session.

1oz gold bars are produced by refiners worldwide, including the Royal Canadian Mint, PAMP Suisse, and Valcambi. Canadian investors favour bars from LBMA-approved refiners, which ensure quality and resale value. Investment-grade gold bars with 99.5%+ purity are GST/HST-exempt and eligible for RRSP/TFSA registration in Canada.

In 2020, gold in CAD traded between C$1,977.73 and C$2,721.27, with an annual average of C$2,376.14. This day's price was 8.2% above the yearly average and -5.5% from the year's high.

PRICE BREAKDOWN

ComponentCAD
Gold Spot (XAU/CAD)C$2,570.26
Premium (2.5%)+C$64.26
1oz Gold BarC$2,634.52
Per GramC$84.70

CANADIAN DEALER PRICES — SEPTEMBER 10, 2020

Dealer1 oz Bar (CAD)Premium
KitcoC$2,635.26C$65.00
Sprott MoneyC$2,648.26C$78.00
SilverGoldBullC$2,625.26C$55.00
TD Precious MetalsC$2,665.26C$95.00
Royal Canadian MintC$2,680.26C$110.00
Border GoldC$2,640.26C$70.00

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📊 Market Analysis — September 10, 2020

Gold demand in Canada has grown significantly over the past decade, driven by institutional investors, ETF flows, and retail buyers seeking portfolio diversification. The Royal Canadian Mint's Gold Maple Leaf remains one of the world's most widely traded bullion coins. Exchange-traded funds (ETFs) like SPDR Gold Shares (GLD) and iShares Gold Bullion ETF (CGL.TO) offer paper gold exposure. However, physical bullion provides tangible ownership without counterparty risk. Canadian investors should weigh convenience (ETFs) against security (physical) when building gold allocations.

❓ 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

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)

UnitPrice (CAD)
Per Troy Ounce (31.1g)C$2,634.52
Per GramC$84.70
Per KilogramC$84,701.66
Per Pennyweight (1.555g)C$131.73
Per Tola (11.66g)C$987.94

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