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GOLD PRICE IN NORTHWEST TERRITORIES — JUNE 2017

C$1,678.17 avg/oz

During June 2017, gold dealers serving Northwest Territories based pricing on CAD spot prices ranging from C$1,611.99 to C$1,744.55 per ounce, with a monthly average of C$1,678.17. The month opened at C$1,709.23 and closed at C$1,611.99, a loss of C$97.24. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Northwest Territories.

DAILY PRICES — JUNE 2017

DateClose (CAD)Change
June 1, 2017C$1,709.23-4.18
June 2, 2017C$1,725.66+16.43
June 5, 2017C$1,726.85+1.19
June 6, 2017C$1,744.55+17.70
June 7, 2017C$1,735.13-9.42
June 8, 2017C$1,724.35-10.78
June 9, 2017C$1,715.28-9.07
June 12, 2017C$1,703.68-11.60
June 13, 2017C$1,684.96-18.72
June 14, 2017C$1,685.24+0.28
June 15, 2017C$1,658.20-27.04
June 16, 2017C$1,662.30+4.10
June 19, 2017C$1,643.81-18.49
June 20, 2017C$1,641.35-2.46
June 21, 2017C$1,649.98+8.63
June 22, 2017C$1,662.43+12.45
June 23, 2017C$1,662.08-0.35
June 26, 2017C$1,652.81-9.27
June 27, 2017C$1,652.40-0.41
June 28, 2017C$1,645.24-7.16
June 29, 2017C$1,622.26-22.98
June 30, 2017C$1,611.99-10.27

📊 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$1,678.17
Per GramC$53.95
Per KilogramC$53,954.34
Per Pennyweight (1.555g)C$83.91
Per Tola (11.66g)C$629.31

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