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GOLD PRICE IN NEW BRUNSWICK — OCTOBER 2012

C$1,721.48 avg/oz

During October 2012, gold dealers serving New Brunswick based pricing on CAD spot prices ranging from C$1,687.92 to C$1,769.86 per ounce, with a monthly average of C$1,721.48. The month opened at C$1,752.37 and closed at C$1,716.66, a loss of C$35.71. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in New Brunswick.

DAILY PRICES — OCTOBER 2012

DateClose (CAD)Change
October 1, 2012C$1,752.37+15.45
October 2, 2012C$1,740.61-11.76
October 3, 2012C$1,749.04+8.43
October 4, 2012C$1,769.86+20.82
October 5, 2012C$1,743.61-26.25
October 8, 2012C$1,733.14-10.47
October 9, 2012C$1,719.86-13.28
October 10, 2012C$1,726.86+7.00
October 11, 2012C$1,736.78+9.92
October 12, 2012C$1,719.06-17.72
October 15, 2012C$1,702.04-17.02
October 16, 2012C$1,711.36+9.32
October 17, 2012C$1,726.45+15.09
October 18, 2012C$1,705.30-21.15
October 19, 2012C$1,696.44-8.86
October 22, 2012C$1,715.11+18.67
October 23, 2012C$1,694.63-20.48
October 24, 2012C$1,687.92-6.71
October 25, 2012C$1,701.90+13.98
October 26, 2012C$1,702.16+0.26
October 31, 2012C$1,716.66+14.50

📊 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$1,721.48
Per GramC$55.35
Per KilogramC$55,346.79
Per Pennyweight (1.555g)C$86.07
Per Tola (11.66g)C$645.56

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