GOLD PRICE IN NUNAVUT — FEBRUARY 2003
During February 2003, gold dealers serving Nunavut based pricing on CAD spot prices ranging from C$464.67 to C$511.65 per ounce, with a monthly average of C$484.02. The month opened at C$500.58 and closed at C$472.77, a loss of C$27.81. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Nunavut.
DAILY PRICES — FEBRUARY 2003
| Date | Close (CAD) | Change |
|---|---|---|
| February 3, 2003 | C$500.58 | +3.38 |
| February 4, 2003 | C$511.65 | +11.07 |
| February 5, 2003 | C$508.14 | -3.51 |
| February 6, 2003 | C$499.64 | -8.50 |
| February 7, 2003 | C$499.36 | -0.28 |
| February 10, 2003 | C$491.00 | -8.36 |
| February 11, 2003 | C$489.38 | -1.62 |
| February 12, 2003 | C$476.01 | -13.37 |
| February 13, 2003 | C$482.49 | +6.48 |
| February 14, 2003 | C$475.06 | -7.43 |
| February 18, 2003 | C$464.67 | -10.39 |
| February 19, 2003 | C$472.36 | +7.69 |
| February 20, 2003 | C$476.69 | +4.33 |
| February 21, 2003 | C$474.93 | -1.76 |
| February 24, 2003 | C$481.00 | +6.07 |
| February 25, 2003 | C$475.60 | -5.40 |
| February 26, 2003 | C$477.90 | +2.30 |
| February 27, 2003 | C$467.24 | -10.66 |
| February 28, 2003 | C$472.77 | +5.53 |
📊 Gold Market Analysis
❓ Frequently Asked Questions
❓ 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.
❓ Where can I buy gold in my province?
Most Canadians buy gold online from national dealers (Kitco, Sprott Money, SilverGoldBull) with insured shipping to any province. Some metropolitan areas have local coin shops. The Royal Canadian Mint operates a retail store in Ottawa, Ontario.
💡 Canadian Gold Investor Guide
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.
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.
⚖️ Unit Conversions (CAD)
| Unit | Price (CAD) |
|---|---|
| Per Troy Ounce (31.1g) | C$484.02 |
| Per Gram | C$15.56 |
| Per Kilogram | C$15,561.58 |
| Per Pennyweight (1.555g) | C$24.20 |
| Per Tola (11.66g) | C$181.51 |
📚 Learn more: How to Buy Gold in Canada · Gold Tax Guide · 25 Year Price Analysis · All Guides