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GOLD PRICE IN NORTHWEST TERRITORIES — JULY 2025

C$4,569.49 avg/oz

During July 2025, gold dealers serving Northwest Territories based pricing on CAD spot prices ranging from C$4,519.11 to C$4,703.38 per ounce, with a monthly average of C$4,569.49. The month opened at C$4,539.71 and closed at C$4,552.91, a gain of C$13.20. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Northwest Territories.

DAILY PRICES — JULY 2025

DateClose (CAD)Change
July 1, 2025C$4,539.71+32.51
July 2, 2025C$4,568.11+28.40
July 3, 2025C$4,526.68-41.43
July 4, 2025C$4,523.20-3.48
July 7, 2025C$4,532.89+9.69
July 8, 2025C$4,519.11-13.78
July 9, 2025C$4,526.43+7.32
July 10, 2025C$4,539.53+13.10
July 11, 2025C$4,583.05+43.52
July 14, 2025C$4,586.19+3.14
July 15, 2025C$4,563.39-22.80
July 16, 2025C$4,598.42+35.03
July 17, 2025C$4,572.36-26.06
July 18, 2025C$4,605.65+33.29
July 21, 2025C$4,668.77+63.12
July 22, 2025C$4,703.38+34.61
July 23, 2025C$4,617.44-85.94
July 24, 2025C$4,585.07-32.37
July 25, 2025C$4,547.78-37.29
July 28, 2025C$4,534.16-13.62
July 29, 2025C$4,564.46+30.30
July 30, 2025C$4,539.60-24.86
July 31, 2025C$4,552.91+13.31

📊 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$4,569.49
Per GramC$146.91
Per KilogramC$146,912.30
Per Pennyweight (1.555g)C$228.47
Per Tola (11.66g)C$1,713.56

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