Home›Provinces›Nova Scotia›June 2025

GOLD PRICE IN NOVA SCOTIA — JUNE 2025

C$4,583.80 avg/oz

During June 2025, gold dealers serving Nova Scotia based pricing on CAD spot prices ranging from C$4,466.34 to C$4,665.23 per ounce, with a monthly average of C$4,583.80. The month opened at C$4,626.55 and closed at C$4,507.20, a loss of C$119.35. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Nova Scotia.

DAILY PRICES — JUNE 2025

DateClose (CAD)Change
June 2, 2025C$4,626.55+85.99
June 3, 2025C$4,593.36-33.19
June 4, 2025C$4,626.76+33.40
June 5, 2025C$4,583.46-43.30
June 6, 2025C$4,541.03-42.43
June 9, 2025C$4,561.85+20.82
June 10, 2025C$4,549.27-12.58
June 11, 2025C$4,539.65-9.62
June 12, 2025C$4,620.24+80.59
June 13, 2025C$4,665.23+44.99
June 16, 2025C$4,613.67-51.56
June 17, 2025C$4,597.14-16.53
June 18, 2025C$4,638.47+41.33
June 20, 2025C$4,612.78-25.69
June 23, 2025C$4,640.72+27.94
June 24, 2025C$4,554.33-86.39
June 25, 2025C$4,566.98+12.65
June 26, 2025C$4,570.90+3.92
June 27, 2025C$4,466.34-104.56
June 30, 2025C$4,507.20+40.86

📊 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$4,583.80
Per GramC$147.37
Per KilogramC$147,372.38
Per Pennyweight (1.555g)C$229.19
Per Tola (11.66g)C$1,718.93

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