Key takeaways
- Shows grams at today’s price, not a forecast.
- Optional look-back uses past monthly average prices, labelled as past.
- Gold prices can go down as well as up.
How does saving in gold every month work?
Instead of buying a large piece at once, you buy a small amount of gold every month. Each purchase gets that month’s price, so over time you pay an average price. People do this to save for a wedding, a festival gift or a long-term goal. In India it is often called a gold SIP or gold savings plan.
The planner shows how many grams your monthly amount buys at today’s price. That keeps the result honest: we don’t know what the price will be next month or in five years, so we don’t guess.
What would a monthly plan have bought in the past?
Tick the look-back box to see what the same monthly amount would have bought if you had started the same number of years ago, using past monthly average prices in Canadian dollars. This is history, not a promise: gold has had long periods of falling prices too, and past prices don’t predict future prices.
What does it cost to buy small amounts of gold?
Small purchases can be expensive. Coins and small bars carry higher premiums per gram than large bars, and many apps or funds charge a fee on each purchase or a yearly fee. Put the fee of the product you’re comparing in the fee box to see its effect. For example, RemitBee Gold, from Settle Canada’s sponsor RemitBee, plans a 0.5% fee per purchase with purchases from $10 when it launches in early 2027 (waitlist).
What to do next
See how the price has moved on the gold price history page, and read how to invest in gold in Canada to compare bars, coins, ETFs and digital gold.