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GOLD PRICE IN NORTHWEST TERRITORIES — JANUARY 2012

C$1,681.80 avg/oz

During January 2012, gold dealers serving Northwest Territories based pricing on CAD spot prices ranging from C$1,627.53 to C$1,741.97 per ounce, with a monthly average of C$1,681.80. The month opened at C$1,627.53 and closed at C$1,741.97, a gain of C$114.44. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Northwest Territories.

DAILY PRICES — JANUARY 2012

DateClose (CAD)Change
January 3, 2012C$1,627.53+29.94
January 4, 2012C$1,629.79+2.26
January 5, 2012C$1,641.10+11.31
January 6, 2012C$1,647.78+6.68
January 9, 2012C$1,654.28+6.50
January 10, 2012C$1,667.53+13.25
January 11, 2012C$1,666.57-0.96
January 12, 2012C$1,677.28+10.71
January 13, 2012C$1,659.75-17.53
January 17, 2012C$1,684.33+24.58
January 18, 2012C$1,684.06-0.27
January 19, 2012C$1,673.12-10.94
January 20, 2012C$1,682.83+9.71
January 23, 2012C$1,703.17+20.34
January 24, 2012C$1,676.50-26.67
January 25, 2012C$1,715.10+38.60
January 26, 2012C$1,733.90+18.80
January 27, 2012C$1,735.96+2.06
January 30, 2012C$1,733.42-2.54
January 31, 2012C$1,741.97+8.55

📊 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$1,681.80
Per GramC$54.07
Per KilogramC$54,071.05
Per Pennyweight (1.555g)C$84.09
Per Tola (11.66g)C$630.67

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