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GOLD PRICE IN BRITISH COLUMBIA — JANUARY 2013

C$1,656.47 avg/oz

During January 2013, gold dealers serving British Columbia based pricing on CAD spot prices ranging from C$1,622.45 to C$1,682.08 per ounce, with a monthly average of C$1,656.47. The month opened at C$1,677.60 and closed at C$1,664.25, a loss of C$13.35. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in British Columbia.

DAILY PRICES — JANUARY 2013

DateClose (CAD)Change
January 2, 2013C$1,677.60+12.18
January 3, 2013C$1,649.60-28.00
January 4, 2013C$1,628.98-20.62
January 7, 2013C$1,622.45-6.53
January 8, 2013C$1,637.57+15.12
January 9, 2013C$1,632.46-5.11
January 10, 2013C$1,656.52+24.06
January 11, 2013C$1,632.16-24.36
January 14, 2013C$1,643.03+10.87
January 15, 2013C$1,656.01+12.98
January 16, 2013C$1,655.61-0.40
January 17, 2013C$1,666.90+11.29
January 18, 2013C$1,662.65-4.25
January 22, 2013C$1,680.44+17.79
January 23, 2013C$1,672.47-7.97
January 24, 2013C$1,669.00-3.47
January 25, 2013C$1,660.21-8.79
January 28, 2013C$1,665.29+5.08
January 29, 2013C$1,670.50+5.21
January 30, 2013C$1,682.08+11.58
January 31, 2013C$1,664.25-17.83

📊 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$1,656.47
Per GramC$53.26
Per KilogramC$53,256.67
Per Pennyweight (1.555g)C$82.82
Per Tola (11.66g)C$621.18

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