Home›Provinces›Nunavut›July 2016

GOLD PRICE IN NUNAVUT — JULY 2016

C$1,743.68 avg/oz

During July 2016, gold dealers serving Nunavut based pricing on CAD spot prices ranging from C$1,712.29 to C$1,775.13 per ounce, with a monthly average of C$1,743.68. The month opened at C$1,732.10 and closed at C$1,774.19, a gain of C$42.09. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Nunavut.

DAILY PRICES — JULY 2016

DateClose (CAD)Change
July 1, 2016C$1,732.10+26.84
July 5, 2016C$1,745.32+13.22
July 6, 2016C$1,775.13+29.81
July 7, 2016C$1,762.69-12.44
July 8, 2016C$1,763.17+0.48
July 11, 2016C$1,767.60+4.43
July 12, 2016C$1,750.74-16.86
July 13, 2016C$1,752.85+2.11
July 14, 2016C$1,727.27-25.58
July 15, 2016C$1,712.29-14.98
July 18, 2016C$1,721.19+8.90
July 19, 2016C$1,725.36+4.17
July 20, 2016C$1,717.95-7.41
July 21, 2016C$1,738.59+20.64
July 22, 2016C$1,729.78-8.81
July 25, 2016C$1,732.97+3.19
July 26, 2016C$1,746.35+13.38
July 27, 2016C$1,747.86+1.51
July 28, 2016C$1,750.28+2.42
July 29, 2016C$1,774.19+23.91

📊 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. Exchange-traded funds (ETFs) like SPDR Gold Shares (GLD) and iShares Gold Bullion ETF (CGL.TO) offer paper gold exposure. However, physical bullion provides tangible ownership without counterparty risk. Canadian investors should weigh convenience (ETFs) against security (physical) when building gold allocations.

❓ Frequently Asked Questions

❓ 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.

❓ 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.

💡 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)

UnitPrice (CAD)
Per Troy Ounce (31.1g)C$1,743.68
Per GramC$56.06
Per KilogramC$56,060.53
Per Pennyweight (1.555g)C$87.18
Per Tola (11.66g)C$653.88

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