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GOLD PRICE IN NORTHWEST TERRITORIES — MARCH 2010

C$1,139.84 avg/oz

During March 2010, gold dealers serving Northwest Territories based pricing on CAD spot prices ranging from C$1,114.18 to C$1,179.04 per ounce, with a monthly average of C$1,139.84. The month opened at C$1,164.08 and closed at C$1,130.67, a loss of C$33.41. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Northwest Territories.

DAILY PRICES — MARCH 2010

DateClose (CAD)Change
March 1, 2010C$1,164.08-11.81
March 2, 2010C$1,176.13+12.05
March 3, 2010C$1,179.04+2.91
March 4, 2010C$1,167.94-11.10
March 5, 2010C$1,167.48-0.46
March 8, 2010C$1,154.95-12.53
March 9, 2010C$1,152.07-2.88
March 10, 2010C$1,135.94-16.13
March 11, 2010C$1,134.04-1.90
March 12, 2010C$1,122.32-11.72
March 15, 2010C$1,125.99+3.67
March 16, 2010C$1,137.13+11.14
March 17, 2010C$1,135.46-1.67
March 18, 2010C$1,142.73+7.27
March 19, 2010C$1,125.67-17.06
March 22, 2010C$1,117.78-7.89
March 23, 2010C$1,121.63+3.85
March 24, 2010C$1,114.18-7.45
March 25, 2010C$1,118.59+4.41
March 26, 2010C$1,133.20+14.61
March 29, 2010C$1,133.96+0.76
March 30, 2010C$1,125.38-8.58
March 31, 2010C$1,130.67+5.29

📊 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$1,139.84
Per GramC$36.65
Per KilogramC$36,646.65
Per Pennyweight (1.555g)C$56.99
Per Tola (11.66g)C$427.44

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