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GOLD PRICE IN ALBERTA — SEPTEMBER 2009

C$1,079.76 avg/oz

During September 2009, gold dealers serving Alberta based pricing on CAD spot prices ranging from C$1,053.80 to C$1,097.57 per ounce, with a monthly average of C$1,079.76. The month opened at C$1,053.80 and closed at C$1,077.05, a gain of C$23.25. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Alberta.

DAILY PRICES — SEPTEMBER 2009

DateClose (CAD)Change
September 1, 2009C$1,053.80+12.64
September 2, 2009C$1,078.36+24.56
September 3, 2009C$1,097.57+19.21
September 4, 2009C$1,079.76-17.81
September 8, 2009C$1,075.54-4.22
September 9, 2009C$1,073.93-1.61
September 10, 2009C$1,072.64-1.29
September 11, 2009C$1,082.78+10.14
September 14, 2009C$1,081.99-0.79
September 15, 2009C$1,077.96-4.03
September 16, 2009C$1,086.76+8.80
September 17, 2009C$1,078.81-7.95
September 18, 2009C$1,081.76+2.95
September 21, 2009C$1,081.79+0.03
September 22, 2009C$1,082.96+1.17
September 23, 2009C$1,089.08+6.12
September 24, 2009C$1,087.87-1.21
September 25, 2009C$1,080.80-7.07
September 28, 2009C$1,077.36-3.44
September 29, 2009C$1,076.32-1.04
September 30, 2009C$1,077.05+0.73

📊 Gold Market Analysis

For Canadian investors, understanding the relationship between the USD/CAD exchange rate and gold pricing is essential. A weakening Canadian Dollar amplifies gold returns in CAD terms, while a strengthening CAD can dampen returns even when USD-denominated gold rises. Gold has historically outperformed during periods of negative real interest rates — when inflation exceeds the Bank of Canada's overnight rate. Canadian investors use gold as a hedge against purchasing power erosion, particularly when CPI exceeds 3%. The correlation between gold and the inverse of real rates makes it a strategic allocation in balanced portfolios.

❓ Frequently Asked Questions

❓ 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.

❓ Does provincial tax rate affect gold investment returns?

While GST/HST-exempt gold itself is unaffected by provincial tax rates, the marginal tax rate in your province affects capital gains taxes when selling gold. Provinces with lower marginal rates provide a slight advantage for non-registered gold profits.

❓ 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.

💡 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$1,079.76
Per GramC$34.72
Per KilogramC$34,715.04
Per Pennyweight (1.555g)C$53.99
Per Tola (11.66g)C$404.91

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