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GOLD PRICE IN NORTHWEST TERRITORIES — NOVEMBER 2013

C$1,335.23 avg/oz

During November 2013, gold dealers serving Northwest Territories based pricing on CAD spot prices ranging from C$1,299.95 to C$1,377.00 per ounce, with a monthly average of C$1,335.23. The month opened at C$1,369.43 and closed at C$1,323.76, a loss of C$45.67. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Northwest Territories.

DAILY PRICES — NOVEMBER 2013

DateClose (CAD)Change
November 1, 2013C$1,369.43-17.44
November 4, 2013C$1,369.30-0.13
November 5, 2013C$1,362.90-6.40
November 6, 2013C$1,377.00+14.10
November 7, 2013C$1,363.25-13.75
November 8, 2013C$1,342.61-20.64
November 11, 2013C$1,343.09+0.48
November 12, 2013C$1,330.74-12.35
November 13, 2013C$1,330.56-0.18
November 14, 2013C$1,343.67+13.11
November 15, 2013C$1,347.56+3.89
November 18, 2013C$1,327.95-19.61
November 19, 2013C$1,328.51+0.56
November 20, 2013C$1,315.07-13.44
November 21, 2013C$1,299.95-15.12
November 22, 2013C$1,308.41+8.46
November 25, 2013C$1,308.74+0.33
November 26, 2013C$1,307.13-1.61
November 27, 2013C$1,304.93-2.20
November 29, 2013C$1,323.76+18.83

📊 Gold Market Analysis

Market technicals for gold in CAD incorporate both the underlying commodity trend and currency movements. Support and resistance levels for XAU/CAD often differ from XAU/USD due to the additional variable of Canadian Dollar strength. The gold-to-silver ratio, currently fluctuating between 80:1 and 90:1, is watched closely by precious metals investors. Historically, ratios above 80 suggest silver is undervalued relative to gold. Canadian investors can use this metric to decide whether to overweight gold or silver in their bullion portfolios when purchasing from dealers like Kitco or Sprott Money.

❓ Frequently Asked Questions

❓ 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.

❓ Where can I buy gold in my province?

Most Canadians buy gold online from national dealers (Kitco, Sprott Money, SilverGoldBull) with insured shipping to any province. Some metropolitan areas have local coin shops. The Royal Canadian Mint operates a retail store in Ottawa, Ontario.

❓ 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.

💡 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$1,335.23
Per GramC$42.93
Per KilogramC$42,928.58
Per Pennyweight (1.555g)C$66.76
Per Tola (11.66g)C$500.71

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