Gold Selling Rate in Canada Today

1. What is the current gold rate in Canada as of 22 October 2024?

The current gold rate in Canada for raw gold as of 22 October 2024 varies based on market conditions. For the most accurate and up-to-date pricing, check live commodity markets or trusted financial platforms.

2. Should you invest in 22 karat gold or 24 karat gold?

24 karat gold is pure (99.9% gold) and is ideal for investment purposes due to higher liquidity and universal acceptance. 22 karat gold contains alloys (e.g., copper or silver), making it more durable for jewelry but less valuable per gram. Investors prioritizing purity should opt for 24 karat.

3. Where can I find reliable gold rate updates in Canada?

Reliable sources include the Bank of Canada, financial news websites (e.g., Bloomberg, Reuters), and bullion dealer platforms (e.g., Kitco, Royal Canadian Mint). Always verify rates from multiple trusted sources before trading.