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GOLD PRICE IN NUNAVUT — NOVEMBER 2021

C$2,282.07 avg/oz

During November 2021, gold dealers serving Nunavut based pricing on CAD spot prices ranging from C$2,188.27 to C$2,351.41 per ounce, with a monthly average of C$2,282.07. The month opened at C$2,222.85 and closed at C$2,259.21, a gain of C$36.36. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Nunavut.

DAILY PRICES — NOVEMBER 2021

DateClose (CAD)Change
November 1, 2021C$2,222.85+21.54
November 2, 2021C$2,213.32-9.53
November 3, 2021C$2,188.27-25.05
November 4, 2021C$2,219.34+31.07
November 5, 2021C$2,261.60+42.26
November 8, 2021C$2,275.26+13.66
November 9, 2021C$2,277.17+1.91
November 10, 2021C$2,297.68+20.51
November 11, 2021C$2,326.48+28.80
November 12, 2021C$2,351.41+24.93
November 15, 2021C$2,341.08-10.33
November 16, 2021C$2,319.59-21.49
November 17, 2021C$2,349.41+29.82
November 18, 2021C$2,346.94-2.47
November 19, 2021C$2,333.16-13.78
November 22, 2021C$2,285.22-47.94
November 23, 2021C$2,265.28-19.94
November 24, 2021C$2,261.51-3.77
November 26, 2021C$2,260.85-0.66
November 29, 2021C$2,267.94+7.09
November 30, 2021C$2,259.21-8.73

📊 Gold Market Analysis

Market technicals for gold in CAD incorporate both the underlying commodity trend and currency movements. Support and resistance levels for XAU/CAD often differ from XAU/USD due to the additional variable of Canadian Dollar strength. Seasonal gold price patterns show that gold tends to perform well in January (New Year investment flows), August–September (Indian wedding season demand), and during year-end tax-loss harvesting. Canadian investors can use these seasonal trends to time bullion purchases for potentially better entry prices.

❓ Frequently Asked Questions

❓ 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.

❓ 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.

💡 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)

UnitPrice (CAD)
Per Troy Ounce (31.1g)C$2,282.07
Per GramC$73.37
Per KilogramC$73,370.15
Per Pennyweight (1.555g)C$114.10
Per Tola (11.66g)C$855.78

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