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GOLD PRICE IN BRITISH COLUMBIA — OCTOBER 2020

C$2,510.15 avg/oz

During October 2020, gold dealers serving British Columbia based pricing on CAD spot prices ranging from C$2,475.05 to C$2,541.90 per ounce, with a monthly average of C$2,510.15. The month opened at C$2,539.18 and closed at C$2,499.81, a loss of C$39.37. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in British Columbia.

DAILY PRICES — OCTOBER 2020

DateClose (CAD)Change
October 1, 2020C$2,539.18+12.99
October 2, 2020C$2,524.23-14.95
October 5, 2020C$2,541.90+17.67
October 6, 2020C$2,520.29-21.61
October 7, 2020C$2,509.20-11.09
October 8, 2020C$2,503.87-5.33
October 9, 2020C$2,532.22+28.35
October 12, 2020C$2,524.24-7.98
October 13, 2020C$2,476.30-47.94
October 14, 2020C$2,498.65+22.35
October 15, 2020C$2,502.44+3.79
October 16, 2020C$2,513.83+11.39
October 19, 2020C$2,512.50-1.33
October 20, 2020C$2,519.76+7.26
October 21, 2020C$2,525.17+5.41
October 22, 2020C$2,500.55-24.62
October 23, 2020C$2,498.60-1.95
October 26, 2020C$2,501.52+2.92
October 27, 2020C$2,520.78+19.26
October 28, 2020C$2,475.05-45.73
October 29, 2020C$2,483.21+8.16
October 30, 2020C$2,499.81+16.60

📊 Gold Market Analysis

Market technicals for gold in CAD incorporate both the underlying commodity trend and currency movements. Support and resistance levels for XAU/CAD often differ from XAU/USD due to the additional variable of Canadian Dollar strength. The gold-to-silver ratio, currently fluctuating between 80:1 and 90:1, is watched closely by precious metals investors. Historically, ratios above 80 suggest silver is undervalued relative to gold. Canadian investors can use this metric to decide whether to overweight gold or silver in their bullion portfolios when purchasing from dealers like Kitco or Sprott Money.

❓ 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

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$2,510.15
Per GramC$80.70
Per KilogramC$80,703.08
Per Pennyweight (1.555g)C$125.51
Per Tola (11.66g)C$941.31

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