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GOLD PRICE IN BRITISH COLUMBIA — JUNE 2018

C$1,679.15 avg/oz

During June 2018, gold dealers serving British Columbia based pricing on CAD spot prices ranging from C$1,658.62 to C$1,691.72 per ounce, with a monthly average of C$1,679.15. The month opened at C$1,676.00 and closed at C$1,658.62, a loss of C$17.38. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in British Columbia.

DAILY PRICES — JUNE 2018

DateClose (CAD)Change
June 1, 2018C$1,676.00-0.23
June 4, 2018C$1,675.08-0.92
June 5, 2018C$1,676.89+1.81
June 6, 2018C$1,678.32+1.43
June 7, 2018C$1,681.27+2.95
June 8, 2018C$1,685.19+3.92
June 11, 2018C$1,684.53-0.66
June 12, 2018C$1,681.97-2.56
June 13, 2018C$1,688.03+6.06
June 14, 2018C$1,691.72+3.69
June 15, 2018C$1,671.78-19.94
June 18, 2018C$1,684.20+12.42
June 19, 2018C$1,685.22+1.02
June 20, 2018C$1,688.00+2.78
June 21, 2018C$1,686.21-1.79
June 22, 2018C$1,687.85+1.64
June 25, 2018C$1,680.56-7.29
June 26, 2018C$1,670.98-9.58
June 27, 2018C$1,666.42-4.56
June 28, 2018C$1,663.24-3.18
June 29, 2018C$1,658.62-4.62

📊 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

Physical vs Paper Gold: Physical bullion (bars, coins) provides tangible ownership with no counterparty risk, ideal for long-term holdings. ETFs (CGL.TO, MNT.TO) offer convenience for trading and rebalancing. A combination of both can optimize for both security and flexibility.

Tax-Efficient Gold Investing: Maximize TFSA contributions first — all gold gains are 100% tax-free. Then use RRSP for tax-deductible contributions where gains are tax-deferred. Keep non-registered gold purchases for emergency reserves, as the capital gains inclusion rate is 50%.

⚖️ Unit Conversions (CAD)

UnitPrice (CAD)
Per Troy Ounce (31.1g)C$1,679.15
Per GramC$53.99
Per KilogramC$53,985.85
Per Pennyweight (1.555g)C$83.96
Per Tola (11.66g)C$629.68

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