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GOLD PRICE IN NOVA SCOTIA — SEPTEMBER 2013

C$1,393.94 avg/oz

During September 2013, gold dealers serving Nova Scotia based pricing on CAD spot prices ranging from C$1,346.38 to C$1,489.84 per ounce, with a monthly average of C$1,393.94. The month opened at C$1,489.84 and closed at C$1,367.89, a loss of C$121.95. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Nova Scotia.

DAILY PRICES — SEPTEMBER 2013

DateClose (CAD)Change
September 3, 2013C$1,489.84+18.49
September 4, 2013C$1,464.23-25.61
September 5, 2013C$1,441.21-23.02
September 6, 2013C$1,456.03+14.82
September 9, 2013C$1,444.07-11.96
September 10, 2013C$1,414.84-29.23
September 11, 2013C$1,412.05-2.79
September 12, 2013C$1,371.47-40.58
September 13, 2013C$1,350.65-20.82
September 16, 2013C$1,358.74+8.09
September 17, 2013C$1,351.23-7.51
September 18, 2013C$1,346.38-4.85
September 19, 2013C$1,399.95+53.57
September 20, 2013C$1,367.92-32.03
September 23, 2013C$1,366.43-1.49
September 24, 2013C$1,353.24-13.19
September 25, 2013C$1,376.77+23.53
September 26, 2013C$1,365.93-10.84
September 27, 2013C$1,380.02+14.09
September 30, 2013C$1,367.89-12.13

📊 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$1,393.94
Per GramC$44.82
Per KilogramC$44,816.15
Per Pennyweight (1.555g)C$69.70
Per Tola (11.66g)C$522.73

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