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GOLD PRICE IN NUNAVUT — JULY 2011

C$1,506.95 avg/oz

During July 2011, gold dealers serving Nunavut based pricing on CAD spot prices ranging from C$1,428.64 to C$1,546.23 per ounce, with a monthly average of C$1,506.95. The month opened at C$1,428.64 and closed at C$1,546.23, a gain of C$117.59. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Nunavut.

DAILY PRICES — JULY 2011

DateClose (CAD)Change
July 1, 2011C$1,428.64-24.69
July 5, 2011C$1,450.90+22.26
July 6, 2011C$1,471.68+20.78
July 7, 2011C$1,476.18+4.50
July 8, 2011C$1,476.78+0.60
July 11, 2011C$1,490.91+14.13
July 12, 2011C$1,512.23+21.32
July 13, 2011C$1,530.99+18.76
July 14, 2011C$1,520.20-10.79
July 15, 2011C$1,525.41+5.21
July 18, 2011C$1,528.24+2.83
July 19, 2011C$1,535.90+7.66
July 20, 2011C$1,516.86-19.04
July 21, 2011C$1,501.75-15.11
July 22, 2011C$1,511.26+9.51
July 25, 2011C$1,529.95+18.69
July 26, 2011C$1,530.65+0.70
July 27, 2011C$1,523.27-7.38
July 28, 2011C$1,530.92+7.65
July 29, 2011C$1,546.23+15.31

📊 Gold Market Analysis

Gold demand in Canada has grown significantly over the past decade, driven by institutional investors, ETF flows, and retail buyers seeking portfolio diversification. The Royal Canadian Mint's Gold Maple Leaf remains one of the world's most widely traded bullion coins. Central banks worldwide purchased over 1,000 tonnes of gold annually in 2023–2025, led by China, India, and Turkey. This institutional buying has provided a structural floor under gold prices. Canada is unique among G7 nations in holding zero gold reserves since 2016, making private gold ownership more significant for national wealth preservation.

❓ 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

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%.

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.

⚖️ Unit Conversions (CAD)

UnitPrice (CAD)
Per Troy Ounce (31.1g)C$1,506.95
Per GramC$48.45
Per KilogramC$48,449.50
Per Pennyweight (1.555g)C$75.35
Per Tola (11.66g)C$565.11

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