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GOLD PRICE IN ALBERTA — AUGUST 2019

C$1,992.77 avg/oz

During August 2019, gold dealers serving Alberta based pricing on CAD spot prices ranging from C$1,874.59 to C$2,043.00 per ounce, with a monthly average of C$1,992.77. The month opened at C$1,874.59 and closed at C$2,017.52, a gain of C$142.93. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Alberta.

DAILY PRICES — AUGUST 2019

DateClose (CAD)Change
August 1, 2019C$1,874.59-0.39
August 2, 2019C$1,910.20+35.61
August 5, 2019C$1,933.70+23.50
August 6, 2019C$1,945.64+11.94
August 7, 2019C$2,001.74+56.10
August 8, 2019C$1,993.66-8.08
August 9, 2019C$1,979.70-13.96
August 12, 2019C$1,989.62+9.92
August 13, 2019C$1,988.34-1.28
August 14, 2019C$2,002.81+14.47
August 15, 2019C$2,022.59+19.78
August 16, 2019C$2,014.18-8.41
August 19, 2019C$1,990.57-23.61
August 20, 2019C$2,005.30+14.73
August 21, 2019C$2,003.37-1.93
August 22, 2019C$1,989.31-14.06
August 23, 2019C$2,029.66+40.35
August 26, 2019C$2,031.96+2.30
August 27, 2019C$2,042.16+10.20
August 28, 2019C$2,043.00+0.84
August 29, 2019C$2,031.31-11.69
August 30, 2019C$2,017.52-13.79

📊 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$1,992.77
Per GramC$64.07
Per KilogramC$64,068.95
Per Pennyweight (1.555g)C$99.64
Per Tola (11.66g)C$747.29

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