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GOLD PRICE IN NORTHWEST TERRITORIES — NOVEMBER 2011

C$1,782.88 avg/oz

During November 2011, gold dealers serving Northwest Territories based pricing on CAD spot prices ranging from C$1,709.12 to C$1,823.04 per ounce, with a monthly average of C$1,782.88. The month opened at C$1,709.12 and closed at C$1,801.57, a gain of C$92.45. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Northwest Territories.

DAILY PRICES — NOVEMBER 2011

DateClose (CAD)Change
November 1, 2011C$1,709.12-4.22
November 2, 2011C$1,764.31+55.19
November 3, 2011C$1,796.11+31.80
November 4, 2011C$1,769.20-26.91
November 7, 2011C$1,820.02+50.82
November 8, 2011C$1,823.04+3.02
November 9, 2011C$1,807.56-15.48
November 10, 2011C$1,800.76-6.80
November 11, 2011C$1,816.69+15.93
November 14, 2011C$1,794.51-22.18
November 15, 2011C$1,811.53+17.02
November 16, 2011C$1,813.89+2.36
November 17, 2011C$1,763.14-50.75
November 18, 2011C$1,775.23+12.09
November 21, 2011C$1,724.79-50.44
November 22, 2011C$1,769.11+44.32
November 23, 2011C$1,759.87-9.24
November 25, 2011C$1,765.90+6.03
November 28, 2011C$1,781.01+15.11
November 29, 2011C$1,773.03-7.98
November 30, 2011C$1,801.57+28.54

📊 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$1,782.88
Per GramC$57.32
Per KilogramC$57,320.84
Per Pennyweight (1.555g)C$89.14
Per Tola (11.66g)C$668.58

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