GOLD PRICE IN NOVA SCOTIA — JUNE 2003
During June 2003, gold dealers serving Nova Scotia based pricing on CAD spot prices ranging from C$464.26 to C$497.61 per ounce, with a monthly average of C$481.25. The month opened at C$494.10 and closed at C$467.10, a loss of C$27.00. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Nova Scotia.
DAILY PRICES — JUNE 2003
| Date | Close (CAD) | Change |
|---|---|---|
| June 2, 2003 | C$494.10 | +2.02 |
| June 3, 2003 | C$493.02 | -1.08 |
| June 4, 2003 | C$489.51 | -3.51 |
| June 5, 2003 | C$497.61 | +8.10 |
| June 6, 2003 | C$491.00 | -6.61 |
| June 9, 2003 | C$488.43 | -2.57 |
| June 10, 2003 | C$475.47 | -12.96 |
| June 11, 2003 | C$479.93 | +4.46 |
| June 12, 2003 | C$476.95 | -2.98 |
| June 13, 2003 | C$481.41 | +4.46 |
| June 16, 2003 | C$484.65 | +3.24 |
| June 17, 2003 | C$490.32 | +5.67 |
| June 18, 2003 | C$482.22 | -8.10 |
| June 19, 2003 | C$487.75 | +5.53 |
| June 20, 2003 | C$481.00 | -6.75 |
| June 23, 2003 | C$476.55 | -4.45 |
| June 24, 2003 | C$467.50 | -9.05 |
| June 25, 2003 | C$471.55 | +4.05 |
| June 26, 2003 | C$464.26 | -7.29 |
| June 27, 2003 | C$466.02 | +1.76 |
| June 30, 2003 | C$467.10 | +1.08 |
📊 Gold Market Analysis
❓ 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)
| Unit | Price (CAD) |
|---|---|
| Per Troy Ounce (31.1g) | C$481.25 |
| Per Gram | C$15.47 |
| Per Kilogram | C$15,472.52 |
| Per Pennyweight (1.555g) | C$24.06 |
| Per Tola (11.66g) | C$180.47 |
📚 Learn more: How to Buy Gold in Canada · Gold Tax Guide · 25 Year Price Analysis · All Guides