LIVE SPOT PRICE (CAD)

Welcome to Gold Hub’s live gold price and live silver price charts. The value reflected in these charts is also referred to as the spot price of gold and spot price of silver respectively. 

The live spot price at Gold Hub is for 1 oz of pure gold (Fineness 9999) in CAD (Canadian Dollar).

Gold Spot Price Chart (CAD)

Silver Spot Price Chart (CAD)

What is spot price of gold ?

Gold spot price is the theoretical price of 1 troy ounce of gold before the raw gold is fabricated and minted into a bullion form either gold bar, round gold bar, or gold coin. This Gold price on the market reflects the price of gold available in the world stock market if raw un-fabricated gold has to be purchased in large volumes (in tons). Furthermore, market factors such as demand, supply, cost of mining gold, cost of making it available to be traded, Gold Futures and like market factors affects its evaluation and thereby represents a perceived valuation.

The live price aka “spot price of gold” is updated every minute  9:00 AM to 05:00 PM EST Monday to Friday except for public holidays. 

Does the fluctuating spot price chart mean gold is a risky investment?

No, Gold is not a risky investment at all as long as you buy it at a stage where the Gold life cycle is moving towards an upwards trend. To invest in gold the safe way recommended by leading investors is dollar cost averaging i.e. to make consistent investments at regular time intervals. This way you reduce your overall risk and average out the profit rather than focusing on the day to day swings.  

As buyers of physical precious metal like gold and silver it is advisable to have a long term vision for your investment. 

Why is the price of 1 oz bullion ( gold coin, gold bar or ingot) higher than the spot price of gold.

Spot Price is the price of unfinished raw gold. Whereas our sale price is of 1 oz finished and minted gold bar available to trade physically. 

The spot price does not take into account direct and indirect costs of making it available from the mines to the end buyer. Such costs include, manufacturing costs, distribution cost, security features of the bullion, mintage costs, dealer mark ups and so forth.