GOLD PRICE IN NUNAVUT — DECEMBER 2001
During December 2001, gold dealers serving Nunavut based pricing on CAD spot prices ranging from C$367.47 to C$378.54 per ounce, with a monthly average of C$372.61. The month opened at C$373.81 and closed at C$376.25, a gain of C$2.44. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Nunavut.
DAILY PRICES — DECEMBER 2001
| Date | Close (CAD) | Change |
|---|---|---|
| December 3, 2001 | C$373.81 | +4.05 |
| December 4, 2001 | C$371.79 | -2.02 |
| December 5, 2001 | C$369.50 | -2.29 |
| December 6, 2001 | C$370.17 | +0.67 |
| December 7, 2001 | C$369.76 | -0.41 |
| December 10, 2001 | C$367.47 | -2.29 |
| December 11, 2001 | C$367.47 | +0.00 |
| December 12, 2001 | C$369.63 | +2.16 |
| December 13, 2001 | C$369.76 | +0.13 |
| December 14, 2001 | C$375.30 | +5.54 |
| December 17, 2001 | C$374.90 | -0.40 |
| December 18, 2001 | C$378.54 | +3.64 |
| December 19, 2001 | C$371.93 | -6.61 |
| December 20, 2001 | C$372.60 | +0.67 |
| December 21, 2001 | C$375.30 | +2.70 |
| December 26, 2001 | C$377.60 | +2.30 |
| December 27, 2001 | C$374.49 | -3.11 |
| December 28, 2001 | C$373.28 | -1.21 |
| December 31, 2001 | C$376.25 | +2.97 |
📊 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$372.61 |
| Per Gram | C$11.98 |
| Per Kilogram | C$11,979.67 |
| Per Pennyweight (1.555g) | C$18.63 |
| Per Tola (11.66g) | C$139.73 |
📚 Learn more: How to Buy Gold in Canada · Gold Tax Guide · 25 Year Price Analysis · All Guides