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1OZ GOLD BAR — NOVEMBER 15, 2024

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

C$3,697.95
Premium: C$90.19 (2.5%)

On Friday, November 15, 2024, the 1oz Gold Bar was priced at C$3,697.95 in Canadian Dollars. This included the spot price of C$3,607.76 plus a typical dealer premium of C$90.19 (2.5% over spot). Gold rose C$14.15 (+0.39%) 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 2024, gold in CAD traded between C$2,681.51 and C$3,879.58, with an annual average of C$3,276.79. This day's price was 10.1% above the yearly average and -7.0% from the year's high.

PRICE BREAKDOWN

ComponentCAD
Gold Spot (XAU/CAD)C$3,607.76
Premium (2.5%)+C$90.19
1oz Gold BarC$3,697.95
Per GramC$118.89

CANADIAN DEALER PRICES — NOVEMBER 15, 2024

Dealer1 oz Bar (CAD)Premium
KitcoC$3,672.76C$65.00
Sprott MoneyC$3,685.76C$78.00
SilverGoldBullC$3,662.76C$55.00
TD Precious MetalsC$3,702.76C$95.00
Royal Canadian MintC$3,717.76C$110.00
Border GoldC$3,677.76C$70.00

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📊 Market Analysis — November 15, 2024

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. The gold-to-silver ratio, currently fluctuating between 80:1 and 90:1, is watched closely by precious metals investors. Historically, ratios above 80 suggest silver is undervalued relative to gold. Canadian investors can use this metric to decide whether to overweight gold or silver in their bullion portfolios when purchasing from dealers like Kitco or Sprott Money.

❓ 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

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$3,697.95
Per GramC$118.89
Per KilogramC$118,891.68
Per Pennyweight (1.555g)C$184.90
Per Tola (11.66g)C$1,386.73

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