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GOLD PRICE IN NORTHWEST TERRITORIES — OCTOBER 2021

C$2,212.09 avg/oz

During October 2021, gold dealers serving Northwest Territories based pricing on CAD spot prices ranging from C$2,183.71 to C$2,237.84 per ounce, with a monthly average of C$2,212.09. The month opened at C$2,228.58 and closed at C$2,201.31, a loss of C$27.27. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Northwest Territories.

DAILY PRICES — OCTOBER 2021

DateClose (CAD)Change
October 1, 2021C$2,228.58-10.09
October 4, 2021C$2,229.83+1.25
October 5, 2021C$2,215.30-14.53
October 6, 2021C$2,215.18-0.12
October 7, 2021C$2,212.53-2.65
October 8, 2021C$2,203.63-8.90
October 11, 2021C$2,190.46-13.17
October 12, 2021C$2,194.43+3.97
October 13, 2021C$2,237.84+43.41
October 14, 2021C$2,234.52-3.32
October 15, 2021C$2,186.84-47.68
October 18, 2021C$2,183.71-3.13
October 19, 2021C$2,189.51+5.80
October 20, 2021C$2,204.08+14.57
October 21, 2021C$2,195.22-8.86
October 22, 2021C$2,221.09+25.87
October 25, 2021C$2,234.26+13.17
October 26, 2021C$2,219.18-15.08
October 27, 2021C$2,227.85+8.67
October 28, 2021C$2,228.53+0.68
October 29, 2021C$2,201.31-27.22

📊 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$2,212.09
Per GramC$71.12
Per KilogramC$71,120.24
Per Pennyweight (1.555g)C$110.60
Per Tola (11.66g)C$829.53

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