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GOLD PRICE IN NOVA SCOTIA — MARCH 2019

C$1,734.34 avg/oz

During March 2019, gold dealers serving Nova Scotia based pricing on CAD spot prices ranging from C$1,706.59 to C$1,774.65 per ounce, with a monthly average of C$1,734.34. The month opened at C$1,706.62 and closed at C$1,736.56, a gain of C$29.94. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Nova Scotia.

DAILY PRICES — MARCH 2019

DateClose (CAD)Change
March 1, 2019C$1,706.62-19.06
March 4, 2019C$1,706.68+0.06
March 5, 2019C$1,706.59-0.09
March 6, 2019C$1,715.77+9.18
March 7, 2019C$1,725.81+10.04
March 8, 2019C$1,743.78+17.97
March 11, 2019C$1,729.31-14.47
March 12, 2019C$1,736.34+7.03
March 13, 2019C$1,746.43+10.09
March 14, 2019C$1,719.58-26.85
March 15, 2019C$1,734.61+15.03
March 18, 2019C$1,734.73+0.12
March 19, 2019C$1,740.48+5.75
March 20, 2019C$1,732.53-7.95
March 21, 2019C$1,735.28+2.75
March 22, 2019C$1,752.95+17.67
March 25, 2019C$1,774.65+21.70
March 26, 2019C$1,760.11-14.54
March 27, 2019C$1,752.53-7.58
March 28, 2019C$1,729.84-22.69
March 29, 2019C$1,736.56+6.72

📊 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$1,734.34
Per GramC$55.76
Per KilogramC$55,760.25
Per Pennyweight (1.555g)C$86.72
Per Tola (11.66g)C$650.38

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