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GOLD PRICE IN ALBERTA — JANUARY 2016

C$1,558.94 avg/oz

During January 2016, gold dealers serving Alberta based pricing on CAD spot prices ranging from C$1,490.57 to C$1,612.29 per ounce, with a monthly average of C$1,558.94. The month opened at C$1,490.57 and closed at C$1,566.79, a gain of C$76.22. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Alberta.

DAILY PRICES — JANUARY 2016

DateClose (CAD)Change
January 4, 2016C$1,490.57+19.72
January 5, 2016C$1,502.67+12.10
January 6, 2016C$1,526.91+24.24
January 7, 2016C$1,558.27+31.36
January 8, 2016C$1,548.12-10.15
January 11, 2016C$1,555.28+7.16
January 12, 2016C$1,543.94-11.34
January 13, 2016C$1,550.23+6.29
January 14, 2016C$1,541.15-9.08
January 15, 2016C$1,565.71+24.56
January 19, 2016C$1,585.21+19.50
January 20, 2016C$1,612.29+27.08
January 21, 2016C$1,590.95-21.34
January 22, 2016C$1,565.79-25.16
January 25, 2016C$1,564.23-1.56
January 26, 2016C$1,603.58+39.35
January 27, 2016C$1,575.71-27.87
January 28, 2016C$1,572.42-3.29
January 29, 2016C$1,566.79-5.63

📊 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

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$1,558.94
Per GramC$50.12
Per KilogramC$50,121.01
Per Pennyweight (1.555g)C$77.95
Per Tola (11.66g)C$584.60

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