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GOLD PRICE IN BRITISH COLUMBIA — DECEMBER 2011

C$1,680.53 avg/oz

During December 2011, gold dealers serving British Columbia based pricing on CAD spot prices ranging from C$1,578.86 to C$1,771.86 per ounce, with a monthly average of C$1,680.53. The month opened at C$1,766.54 and closed at C$1,597.59, a loss of C$168.95. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in British Columbia.

DAILY PRICES — DECEMBER 2011

DateClose (CAD)Change
December 1, 2011C$1,766.54-35.03
December 2, 2011C$1,771.86+5.32
December 5, 2011C$1,760.29-11.57
December 6, 2011C$1,757.10-3.19
December 7, 2011C$1,756.64-0.46
December 8, 2011C$1,725.96-30.68
December 9, 2011C$1,751.00+25.04
December 12, 2011C$1,694.82-56.18
December 13, 2011C$1,705.71+10.89
December 14, 2011C$1,638.80-66.91
December 15, 2011C$1,635.69-3.11
December 16, 2011C$1,648.73+13.04
December 19, 2011C$1,655.63+6.90
December 20, 2011C$1,676.67+21.04
December 21, 2011C$1,657.84-18.83
December 22, 2011C$1,652.82-5.02
December 23, 2011C$1,638.40-14.42
December 27, 2011C$1,626.88-11.52
December 28, 2011C$1,593.22-33.66
December 29, 2011C$1,578.86-14.36
December 30, 2011C$1,597.59+18.73

📊 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

❓ 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$1,680.53
Per GramC$54.03
Per KilogramC$54,030.22
Per Pennyweight (1.555g)C$84.03
Per Tola (11.66g)C$630.20

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