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GOLD PRICE IN NEWFOUNDLAND & LABRADOR — OCTOBER 2025

C$5,657.66 avg/oz

During October 2025, gold dealers serving Newfoundland & Labrador based pricing on CAD spot prices ranging from C$5,352.35 to C$6,077.85 per ounce, with a monthly average of C$5,657.66. The month opened at C$5,384.91 and closed at C$5,567.55, a gain of C$182.64. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Newfoundland & Labrador.

DAILY PRICES — OCTOBER 2025

DateClose (CAD)Change
October 1, 2025C$5,384.91+39.98
October 2, 2025C$5,352.35-32.56
October 3, 2025C$5,417.95+65.60
October 6, 2025C$5,514.08+96.13
October 7, 2025C$5,545.77+31.69
October 8, 2025C$5,641.54+95.77
October 9, 2025C$5,506.90-134.64
October 10, 2025C$5,573.73+66.83
October 13, 2025C$5,751.42+177.69
October 14, 2025C$5,810.32+58.90
October 15, 2025C$5,866.46+56.14
October 16, 2025C$6,011.97+145.51
October 17, 2025C$5,885.13-126.84
October 20, 2025C$6,077.85+192.72
October 21, 2025C$5,736.27-341.58
October 22, 2025C$5,670.21-66.06
October 23, 2025C$5,771.08+100.87
October 24, 2025C$5,760.24-10.84
October 27, 2025C$5,600.02-160.22
October 28, 2025C$5,549.27-50.75
October 29, 2025C$5,552.84+3.57
October 30, 2025C$5,578.33+25.49
October 31, 2025C$5,567.55-10.78

📊 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$5,657.66
Per GramC$181.90
Per KilogramC$181,897.73
Per Pennyweight (1.555g)C$282.88
Per Tola (11.66g)C$2,121.62

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