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GOLD PRICE IN NEW BRUNSWICK — MARCH 2003

C$458.90 avg/oz

During March 2003, gold dealers serving New Brunswick based pricing on CAD spot prices ranging from C$440.10 to C$481.68 per ounce, with a monthly average of C$458.90. The month opened at C$471.42 and closed at C$453.46, a loss of C$17.96. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in New Brunswick.

DAILY PRICES — MARCH 2003

DateClose (CAD)Change
March 3, 2003C$471.42-1.35
March 4, 2003C$476.82+5.40
March 5, 2003C$476.69-0.13
March 6, 2003C$481.68+4.99
March 7, 2003C$473.58-8.10
March 10, 2003C$478.85+5.27
March 11, 2003C$473.18-5.67
March 12, 2003C$467.78-5.40
March 13, 2003C$453.46-14.32
March 14, 2003C$454.28+0.82
March 17, 2003C$455.09+0.81
March 18, 2003C$455.76+0.67
March 19, 2003C$453.74-2.02
March 20, 2003C$449.41-4.33
March 21, 2003C$440.10-9.31
March 24, 2003C$444.83+4.73
March 25, 2003C$443.34-1.49
March 26, 2003C$445.90+2.56
March 27, 2003C$443.75-2.15
March 28, 2003C$443.75+0.00
March 31, 2003C$453.46+9.71

📊 Gold Market Analysis

Gold has historically served as an effective hedge against inflation and currency depreciation in Canada. Central bank policies, including the Bank of Canada's interest rate decisions, directly influence the attractiveness of gold relative to fixed-income investments. The Canadian Dollar (CAD) is strongly correlated with crude oil prices due to Canada's status as a major oil exporter. When oil prices fall, the CAD typically weakens, causing gold priced in CAD to rise even if USD gold is flat. This commodity currency dynamic makes gold an effective diversifier in Canadian 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

When to Buy and Sell Gold: Consider buying when gold-to-stock ratios are low and selling when gold exceeds your target allocation. Profit-taking near historical highs and reallocating to undervalued assets can lock in gains. Avoid panic selling during short-term dips — gold rewards patient holders.

Storage Considerations: Home safe (for holdings under C$50,000), bank safe deposit box (limited insurance), or allocated vault storage through dealers like Kitco or Sprott Money (institutional security, insured). Each option involves different cost, convenience, and risk trade-offs.

⚖️ Unit Conversions (CAD)

UnitPrice (CAD)
Per Troy Ounce (31.1g)C$458.90
Per GramC$14.75
Per KilogramC$14,753.96
Per Pennyweight (1.555g)C$22.95
Per Tola (11.66g)C$172.09

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