GOLD PRICE IN NEW BRUNSWICK — JUNE 2003
During June 2003, gold dealers serving New Brunswick based pricing on CAD spot prices ranging from C$464.26 to C$497.61 per ounce, with a monthly average of C$481.25. The month opened at C$494.10 and closed at C$467.10, a loss of C$27.00. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in New Brunswick.
DAILY PRICES — JUNE 2003
| Date | Close (CAD) | Change |
|---|---|---|
| June 2, 2003 | C$494.10 | +2.02 |
| June 3, 2003 | C$493.02 | -1.08 |
| June 4, 2003 | C$489.51 | -3.51 |
| June 5, 2003 | C$497.61 | +8.10 |
| June 6, 2003 | C$491.00 | -6.61 |
| June 9, 2003 | C$488.43 | -2.57 |
| June 10, 2003 | C$475.47 | -12.96 |
| June 11, 2003 | C$479.93 | +4.46 |
| June 12, 2003 | C$476.95 | -2.98 |
| June 13, 2003 | C$481.41 | +4.46 |
| June 16, 2003 | C$484.65 | +3.24 |
| June 17, 2003 | C$490.32 | +5.67 |
| June 18, 2003 | C$482.22 | -8.10 |
| June 19, 2003 | C$487.75 | +5.53 |
| June 20, 2003 | C$481.00 | -6.75 |
| June 23, 2003 | C$476.55 | -4.45 |
| June 24, 2003 | C$467.50 | -9.05 |
| June 25, 2003 | C$471.55 | +4.05 |
| June 26, 2003 | C$464.26 | -7.29 |
| June 27, 2003 | C$466.02 | +1.76 |
| June 30, 2003 | C$467.10 | +1.08 |
📊 Gold Market Analysis
❓ Frequently Asked Questions
❓ 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.
❓ 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.
💡 Canadian Gold Investor Guide
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.
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.
⚖️ Unit Conversions (CAD)
| Unit | Price (CAD) |
|---|---|
| Per Troy Ounce (31.1g) | C$481.25 |
| Per Gram | C$15.47 |
| Per Kilogram | C$15,472.52 |
| Per Pennyweight (1.555g) | C$24.06 |
| Per Tola (11.66g) | C$180.47 |
📚 Learn more: How to Buy Gold in Canada · Gold Tax Guide · 25 Year Price Analysis · All Guides