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GOLD PRICE IN NORTHWEST TERRITORIES — APRIL 2019

C$1,718.31 avg/oz

During April 2019, gold dealers serving Northwest Territories based pricing on CAD spot prices ranging from C$1,693.92 to C$1,744.74 per ounce, with a monthly average of C$1,718.31. The month opened at C$1,719.63 and closed at C$1,725.97, a gain of C$6.34. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Northwest Territories.

DAILY PRICES — APRIL 2019

DateClose (CAD)Change
April 1, 2019C$1,719.63-16.93
April 2, 2019C$1,717.12-2.51
April 3, 2019C$1,721.11+3.99
April 4, 2019C$1,719.78-1.33
April 5, 2019C$1,724.58+4.80
April 8, 2019C$1,734.35+9.77
April 9, 2019C$1,735.43+1.08
April 10, 2019C$1,744.74+9.31
April 11, 2019C$1,716.13-28.61
April 12, 2019C$1,726.55+10.42
April 15, 2019C$1,715.63-10.92
April 16, 2019C$1,701.21-14.42
April 17, 2019C$1,699.57-1.64
April 18, 2019C$1,697.73-1.84
April 22, 2019C$1,704.06+6.33
April 23, 2019C$1,693.92-10.14
April 24, 2019C$1,712.70+18.78
April 25, 2019C$1,721.44+8.74
April 26, 2019C$1,731.79+10.35
April 29, 2019C$1,721.00-10.79
April 30, 2019C$1,725.97+4.97

📊 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$1,718.31
Per GramC$55.24
Per KilogramC$55,244.87
Per Pennyweight (1.555g)C$85.92
Per Tola (11.66g)C$644.37

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