GOLD PRICE IN NUNAVUT — JANUARY 2001
During January 2001, gold dealers serving Nunavut based pricing on CAD spot prices ranging from C$354.78 to C$362.34 per ounce, with a monthly average of C$358.25. The month opened at C$362.34 and closed at C$358.56, a loss of C$3.78. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Nunavut.
DAILY PRICES — JANUARY 2001
| Date | Close (CAD) | Change |
|---|---|---|
| January 2, 2001 | C$362.34 | -4.86 |
| January 3, 2001 | C$361.80 | -0.54 |
| January 4, 2001 | C$360.85 | -0.95 |
| January 5, 2001 | C$361.80 | +0.95 |
| January 8, 2001 | C$361.80 | +0.00 |
| January 9, 2001 | C$361.13 | -0.67 |
| January 10, 2001 | C$357.35 | -3.78 |
| January 11, 2001 | C$356.40 | -0.95 |
| January 12, 2001 | C$356.26 | -0.14 |
| January 16, 2001 | C$355.45 | -0.81 |
| January 17, 2001 | C$355.32 | -0.13 |
| January 18, 2001 | C$356.67 | +1.35 |
| January 19, 2001 | C$356.80 | +0.13 |
| January 22, 2001 | C$359.64 | +2.84 |
| January 23, 2001 | C$359.24 | -0.40 |
| January 24, 2001 | C$356.80 | -2.44 |
| January 25, 2001 | C$357.08 | +0.28 |
| January 26, 2001 | C$354.78 | -2.30 |
| January 29, 2001 | C$354.78 | +0.00 |
| January 30, 2001 | C$358.43 | +3.65 |
| January 31, 2001 | C$358.56 | +0.13 |
📊 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
Physical vs Paper Gold: Physical bullion (bars, coins) provides tangible ownership with no counterparty risk, ideal for long-term holdings. ETFs (CGL.TO, MNT.TO) offer convenience for trading and rebalancing. A combination of both can optimize for both security and flexibility.
Tax-Efficient Gold Investing: Maximize TFSA contributions first — all gold gains are 100% tax-free. Then use RRSP for tax-deductible contributions where gains are tax-deferred. Keep non-registered gold purchases for emergency reserves, as the capital gains inclusion rate is 50%.
⚖️ Unit Conversions (CAD)
| Unit | Price (CAD) |
|---|---|
| Per Troy Ounce (31.1g) | C$358.25 |
| Per Gram | C$11.52 |
| Per Kilogram | C$11,517.99 |
| Per Pennyweight (1.555g) | C$17.91 |
| Per Tola (11.66g) | C$134.34 |
📚 Learn more: How to Buy Gold in Canada · Gold Tax Guide · 25 Year Price Analysis · All Guides