Home›Provinces›New Brunswick›September 2014

GOLD PRICE IN NEW BRUNSWICK — SEPTEMBER 2014

C$1,358.60 avg/oz

During September 2014, gold dealers serving New Brunswick based pricing on CAD spot prices ranging from C$1,329.77 to C$1,386.91 per ounce, with a monthly average of C$1,358.60. The month opened at C$1,373.52 and closed at C$1,350.87, a loss of C$22.65. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in New Brunswick.

DAILY PRICES — SEPTEMBER 2014

DateClose (CAD)Change
September 2, 2014C$1,373.52-22.22
September 3, 2014C$1,386.91+13.39
September 4, 2014C$1,377.44-9.47
September 5, 2014C$1,377.70+0.26
September 8, 2014C$1,363.63-14.07
September 9, 2014C$1,369.11+5.48
September 10, 2014C$1,364.67-4.44
September 11, 2014C$1,354.71-9.96
September 12, 2014C$1,357.33+2.62
September 15, 2014C$1,367.72+10.39
September 16, 2014C$1,364.85-2.87
September 17, 2014C$1,354.51-10.34
September 18, 2014C$1,349.32-5.19
September 19, 2014C$1,329.77-19.55
September 22, 2014C$1,331.85+2.08
September 23, 2014C$1,347.83+15.98
September 24, 2014C$1,348.99+1.16
September 25, 2014C$1,352.48+3.49
September 26, 2014C$1,348.14-4.34
September 29, 2014C$1,359.22+11.08
September 30, 2014C$1,350.87-8.35

📊 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$1,358.60
Per GramC$43.68
Per KilogramC$43,679.94
Per Pennyweight (1.555g)C$67.93
Per Tola (11.66g)C$509.47

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