1OZ GOLD BAR — JANUARY 26, 2022
🪙 99.99% Purity · GST/HST-exempt · RRSP/TFSA: Yes
On Wednesday, January 26, 2022, the 1oz Gold Bar was priced at C$2,366.29 in Canadian Dollars. This included the spot price of C$2,308.58 plus a typical dealer premium of C$57.71 (2.5% over spot). Gold fell C$30.55 (-1.31%) 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 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 -1.4% below the yearly average and -11.6% from the year's high.
PRICE BREAKDOWN
| Component | CAD |
|---|---|
| Gold Spot (XAU/CAD) | C$2,308.58 |
| Premium (2.5%) | +C$57.71 |
| 1oz Gold Bar | C$2,366.29 |
| Per Gram | C$76.08 |
CANADIAN DEALER PRICES — JANUARY 26, 2022
| Dealer | 1 oz Bar (CAD) | Premium |
|---|---|---|
| Kitco | C$2,373.58 | C$65.00 |
| Sprott Money | C$2,386.58 | C$78.00 |
| SilverGoldBull | C$2,363.58 | C$55.00 |
| TD Precious Metals | C$2,403.58 | C$95.00 |
| Royal Canadian Mint | C$2,418.58 | C$110.00 |
| Border Gold | C$2,378.58 | C$70.00 |
📊 Market Analysis — January 26, 2022
❓ Frequently Asked Questions
❓ 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.
❓ 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.
💡 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$2,366.29 |
| Per Gram | C$76.08 |
| Per Kilogram | C$76,077.88 |
| Per Pennyweight (1.555g) | C$118.31 |
| Per Tola (11.66g) | C$887.36 |
📚 Learn more: How to Buy Gold in Canada · Gold Tax Guide · 25 Year Price Analysis · All Guides