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GOLD PRICE IN BRITISH COLUMBIA — NOVEMBER 2012

C$1,716.32 avg/oz

During November 2012, gold dealers serving British Columbia based pricing on CAD spot prices ranging from C$1,667.91 to C$1,747.15 per ounce, with a monthly average of C$1,716.32. The month opened at C$1,714.10 and closed at C$1,698.92, a loss of C$15.18. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in British Columbia.

DAILY PRICES — NOVEMBER 2012

DateClose (CAD)Change
November 1, 2012C$1,714.10-2.56
November 2, 2012C$1,667.91-46.19
November 5, 2012C$1,674.80+6.89
November 6, 2012C$1,706.73+31.93
November 7, 2012C$1,699.32-7.41
November 8, 2012C$1,719.36+20.04
November 9, 2012C$1,730.63+11.27
November 12, 2012C$1,730.30-0.33
November 13, 2012C$1,724.06-6.24
November 14, 2012C$1,732.47+8.41
November 15, 2012C$1,720.00-12.47
November 16, 2012C$1,715.45-4.55
November 19, 2012C$1,734.42+18.97
November 20, 2012C$1,717.86-16.56
November 21, 2012C$1,721.73+3.87
November 23, 2012C$1,747.15+25.42
November 26, 2012C$1,738.32-8.83
November 27, 2012C$1,729.45-8.87
November 28, 2012C$1,706.54-22.91
November 29, 2012C$1,713.21+6.67
November 30, 2012C$1,698.92-14.29

📊 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$1,716.32
Per GramC$55.18
Per KilogramC$55,180.89
Per Pennyweight (1.555g)C$85.82
Per Tola (11.66g)C$643.62

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