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GOLD PRICE IN ALBERTA — APRIL 2002

C$409.73 avg/oz

During April 2002, gold dealers serving Alberta based pricing on CAD spot prices ranging from C$403.38 to C$420.66 per ounce, with a monthly average of C$409.73. The month opened at C$409.32 and closed at C$417.01, a gain of C$7.69. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Alberta.

DAILY PRICES — APRIL 2002

DateClose (CAD)Change
April 1, 2002C$409.32+0.81
April 2, 2002C$412.96+3.64
April 3, 2002C$408.51-4.45
April 4, 2002C$406.49-2.02
April 5, 2002C$405.14-1.35
April 8, 2002C$405.68+0.54
April 9, 2002C$403.38-2.30
April 10, 2002C$407.30+3.92
April 11, 2002C$407.97+0.67
April 12, 2002C$407.84-0.13
April 15, 2002C$405.00-2.84
April 16, 2002C$403.38-1.62
April 17, 2002C$407.84+4.46
April 18, 2002C$411.08+3.24
April 19, 2002C$408.10-2.98
April 22, 2002C$409.05+0.95
April 23, 2002C$410.40+1.35
April 24, 2002C$410.80+0.40
April 25, 2002C$415.94+5.14
April 26, 2002C$420.66+4.72
April 29, 2002C$420.12-0.54
April 30, 2002C$417.01-3.11

📊 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 about capital gains tax on gold?

Gold sold at a profit outside registered accounts (RRSP/TFSA) triggers capital gains tax in all provinces. In Canada, 50% of the gain is included in taxable income at your marginal rate. Keep purchase receipts for adjusted cost base calculations.

❓ Where can I buy gold in my province?

Most Canadians buy gold online from national dealers (Kitco, Sprott Money, SilverGoldBull) with insured shipping to any province. Some metropolitan areas have local coin shops. The Royal Canadian Mint operates a retail store in Ottawa, Ontario.

❓ Is gold taxed in Canadian provinces?

Investment-grade gold bullion (99.5%+ purity) is exempt from GST/HST in all Canadian provinces under the federal Excise Tax Act. However, provincial policies may vary for numismatic coins, gold jewelry, and gold items below the purity threshold.

💡 Canadian Gold Investor Guide

Dollar-Cost Averaging (DCA): Buy a fixed CAD amount of gold each month — say C$500. This strategy reduces the impact of short-term volatility and removes the stress of timing the market. Over 10+ years, DCA has historically produced returns close to the annual average gold price.

Portfolio Allocation: Most Canadian financial planners recommend allocating 5–15% of a diversified portfolio to gold and precious metals. This allocation provides downside protection during equity bear markets while maintaining growth potential during inflationary periods.

⚖️ Unit Conversions (CAD)

UnitPrice (CAD)
Per Troy Ounce (31.1g)C$409.73
Per GramC$13.17
Per KilogramC$13,173.11
Per Pennyweight (1.555g)C$20.49
Per Tola (11.66g)C$153.65

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