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GOLD PRICE IN NORTHWEST TERRITORIES — SEPTEMBER 2005

C$538.44 avg/oz

During September 2005, gold dealers serving Northwest Territories based pricing on CAD spot prices ranging from C$523.20 to C$553.37 per ounce, with a monthly average of C$538.44. The month opened at C$523.20 and closed at C$545.35, a gain of C$22.15. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Northwest Territories.

DAILY PRICES — SEPTEMBER 2005

DateClose (CAD)Change
September 1, 2005C$523.20+7.59
September 2, 2005C$529.09+5.89
September 6, 2005C$528.57-0.52
September 7, 2005C$528.67+0.10
September 8, 2005C$527.33-1.34
September 9, 2005C$528.65+1.32
September 12, 2005C$533.88+5.23
September 13, 2005C$527.38-6.50
September 14, 2005C$531.03+3.65
September 15, 2005C$539.77+8.74
September 16, 2005C$542.12+2.35
September 19, 2005C$545.20+3.08
September 20, 2005C$544.94-0.26
September 21, 2005C$548.10+3.16
September 22, 2005C$546.72-1.38
September 23, 2005C$542.02-4.70
September 26, 2005C$545.94+3.92
September 27, 2005C$544.85-1.09
September 28, 2005C$551.15+6.30
September 29, 2005C$553.37+2.22
September 30, 2005C$545.35-8.02

📊 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

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$538.44
Per GramC$17.31
Per KilogramC$17,311.22
Per Pennyweight (1.555g)C$26.92
Per Tola (11.66g)C$201.92

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