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GOLD PRICE — 2022-W21 (CAD)

📅 May 20, 2022 to May 26, 2022 · 5 trading days

C$2,368.40
+10.75 (+0.46%)

During the week of 2022-W21 (May 20, 2022 to May 26, 2022), the gold spot price in Canadian Dollars opened at C$2,357.65 and closed at C$2,368.40, a weekly gain of C$10.75 (+0.46%). There were 5 trading days during this week.

The weekly trading range spanned from C$2,354.06 to C$2,387.35, a range of C$33.29. The weekly average gold price was C$2,369.82 per troy ounce. Weekly summaries help Canadian investors identify short-term momentum and plan their entry points for bullion purchases from dealers like Kitco, Sprott Money, and SilverGoldBull.

DAILY PRICES — 2022-W21

DateClose (CAD)Change%
May 20, 2022C$2,361.11-11.13-0.47%
May 23, 2022C$2,367.40+6.29+0.27%
May 24, 2022C$2,384.92+17.52+0.74%
May 25, 2022C$2,367.27-17.65-0.74%
May 26, 2022C$2,368.40+1.13+0.05%

WEEKLY OVERVIEW

MetricCAD
OpenC$2,357.65
CloseC$2,368.40
HighC$2,387.35
LowC$2,354.06
AverageC$2,369.82
Change+10.75 (+0.46%)

📊 Gold Market Analysis

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

❓ What determines the daily gold price in Canada?

The gold spot price is set by continuous trading on global exchanges including COMEX (New York), London Bullion Market, and Shanghai Gold Exchange. The CAD price reflects the USD spot price multiplied by the USD/CAD exchange rate, meaning both gold and currency movements affect Canadian pricing.

❓ Is gold a good long-term investment in Canada?

Gold has historically preserved purchasing power against Canadian inflation. Over the past 25 years, gold in CAD has outperformed GICs, savings accounts, and even many equity benchmarks during bear markets. However, gold generates no income — returns come solely from price appreciation.

❓ How often do gold prices update?

Gold spot prices update every few seconds during market hours. The main trading sessions are London (3:00 AM – 12:00 PM ET), New York (8:20 AM – 1:30 PM ET), and Asian markets (evening ET). The CAD conversion rate updates approximately every 60 seconds.

💡 Canadian Gold Investor Guide

When to Buy and Sell Gold: Consider buying when gold-to-stock ratios are low and selling when gold exceeds your target allocation. Profit-taking near historical highs and reallocating to undervalued assets can lock in gains. Avoid panic selling during short-term dips — gold rewards patient holders.

Storage Considerations: Home safe (for holdings under C$50,000), bank safe deposit box (limited insurance), or allocated vault storage through dealers like Kitco or Sprott Money (institutional security, insured). Each option involves different cost, convenience, and risk trade-offs.

⚖️ Unit Conversions (CAD)

UnitPrice (CAD)
Per Troy Ounce (31.1g)C$2,357.65
Per GramC$75.80
Per KilogramC$75,800.10
Per Pennyweight (1.555g)C$117.88
Per Tola (11.66g)C$884.12

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