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GOLD PRICE IN ALBERTA — SEPTEMBER 2018

C$1,560.70 avg/oz

During September 2018, gold dealers serving Alberta based pricing on CAD spot prices ranging from C$1,541.33 to C$1,578.16 per ounce, with a monthly average of C$1,560.70. The month opened at C$1,561.80 and closed at C$1,553.29, a loss of C$8.51. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Alberta.

DAILY PRICES — SEPTEMBER 2018

DateClose (CAD)Change
September 4, 2018C$1,561.80+3.10
September 5, 2018C$1,574.20+12.40
September 6, 2018C$1,578.16+3.96
September 7, 2018C$1,570.16-8.00
September 10, 2018C$1,571.06+0.90
September 11, 2018C$1,573.42+2.36
September 12, 2018C$1,573.64+0.22
September 13, 2018C$1,562.60-11.04
September 14, 2018C$1,554.15-8.45
September 17, 2018C$1,564.73+10.58
September 18, 2018C$1,563.44-1.29
September 19, 2018C$1,559.45-3.99
September 20, 2018C$1,558.18-1.27
September 21, 2018C$1,544.15-14.03
September 24, 2018C$1,548.66+4.51
September 25, 2018C$1,553.84+5.18
September 26, 2018C$1,547.09-6.75
September 27, 2018C$1,541.33-5.76
September 28, 2018C$1,553.29+11.96

📊 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

❓ 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$1,560.70
Per GramC$50.18
Per KilogramC$50,177.60
Per Pennyweight (1.555g)C$78.03
Per Tola (11.66g)C$585.26

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