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GOLD PRICE IN ONTARIO — JUNE 2010

C$1,283.11 avg/oz

During June 2010, gold dealers serving Ontario based pricing on CAD spot prices ranging from C$1,256.99 to C$1,323.47 per ounce, with a monthly average of C$1,283.11. The month opened at C$1,290.69 and closed at C$1,323.47, a gain of C$32.78. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Ontario.

DAILY PRICES — JUNE 2010

DateClose (CAD)Change
June 1, 2010C$1,290.69+13.03
June 2, 2010C$1,267.96-22.73
June 3, 2010C$1,256.99-10.97
June 4, 2010C$1,291.00+34.01
June 7, 2010C$1,312.99+21.99
June 8, 2010C$1,303.86-9.13
June 9, 2010C$1,281.94-21.92
June 10, 2010C$1,258.64-23.30
June 11, 2010C$1,268.72+10.08
June 14, 2010C$1,263.83-4.89
June 15, 2010C$1,264.77+0.94
June 16, 2010C$1,260.16-4.61
June 17, 2010C$1,283.30+23.14
June 18, 2010C$1,284.10+0.80
June 21, 2010C$1,268.59-15.51
June 22, 2010C$1,274.74+6.15
June 23, 2010C$1,282.23+7.49
June 24, 2010C$1,298.43+16.20
June 25, 2010C$1,299.63+1.20
June 28, 2010C$1,283.39-16.24
June 29, 2010C$1,308.94+25.55
June 30, 2010C$1,323.47+14.53

📊 Gold Market Analysis

For Canadian investors, understanding the relationship between the USD/CAD exchange rate and gold pricing is essential. A weakening Canadian Dollar amplifies gold returns in CAD terms, while a strengthening CAD can dampen returns even when USD-denominated gold rises. Gold has historically outperformed during periods of negative real interest rates — when inflation exceeds the Bank of Canada's overnight rate. Canadian investors use gold as a hedge against purchasing power erosion, particularly when CPI exceeds 3%. The correlation between gold and the inverse of real rates makes it a strategic allocation in balanced portfolios.

❓ 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)

UnitPrice (CAD)
Per Troy Ounce (31.1g)C$1,283.11
Per GramC$41.25
Per KilogramC$41,252.88
Per Pennyweight (1.555g)C$64.16
Per Tola (11.66g)C$481.17

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