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GOLD PRICE IN NORTHWEST TERRITORIES — AUGUST 2015

C$1,470.81 avg/oz

During August 2015, gold dealers serving Northwest Territories based pricing on CAD spot prices ranging from C$1,429.40 to C$1,524.68 per ounce, with a monthly average of C$1,470.81. The month opened at C$1,429.40 and closed at C$1,498.01, a gain of C$68.61. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Northwest Territories.

DAILY PRICES — AUGUST 2015

DateClose (CAD)Change
August 3, 2015C$1,429.40+5.42
August 4, 2015C$1,435.15+5.75
August 5, 2015C$1,432.26-2.89
August 6, 2015C$1,435.68+3.42
August 7, 2015C$1,434.72-0.96
August 10, 2015C$1,451.47+16.75
August 11, 2015C$1,441.12-10.35
August 12, 2015C$1,471.39+30.27
August 13, 2015C$1,447.84-23.55
August 14, 2015C$1,454.00+6.16
August 17, 2015C$1,465.40+11.40
August 18, 2015C$1,462.84-2.56
August 19, 2015C$1,473.19+10.35
August 20, 2015C$1,513.20+40.01
August 21, 2015C$1,516.36+3.16
August 24, 2015C$1,524.68+8.32
August 25, 2015C$1,512.10-12.58
August 26, 2015C$1,500.89-11.21
August 27, 2015C$1,492.79-8.10
August 28, 2015C$1,494.56+1.77
August 31, 2015C$1,498.01+3.45

📊 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$1,470.81
Per GramC$47.29
Per KilogramC$47,287.57
Per Pennyweight (1.555g)C$73.54
Per Tola (11.66g)C$551.55

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