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GOLD PRICE IN ONTARIO — DECEMBER 2013

C$1,303.23 avg/oz

During December 2013, gold dealers serving Ontario based pricing on CAD spot prices ranging from C$1,275.35 to C$1,342.60 per ounce, with a monthly average of C$1,303.23. The month opened at C$1,298.31 and closed at C$1,279.42, a loss of C$18.89. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Ontario.

DAILY PRICES — DECEMBER 2013

DateClose (CAD)Change
December 2, 2013C$1,298.31-25.45
December 3, 2013C$1,300.13+1.82
December 4, 2013C$1,327.96+27.83
December 5, 2013C$1,316.63-11.33
December 6, 2013C$1,309.90-6.73
December 9, 2013C$1,316.11+6.21
December 10, 2013C$1,342.60+26.49
December 11, 2013C$1,334.61-7.99
December 12, 2013C$1,298.54-36.07
December 13, 2013C$1,315.02+16.48
December 16, 2013C$1,318.75+3.73
December 17, 2013C$1,304.21-14.54
December 18, 2013C$1,310.46+6.25
December 19, 2013C$1,280.41-30.05
December 20, 2013C$1,285.97+5.56
December 23, 2013C$1,275.35-10.62
December 24, 2013C$1,279.24+3.89
December 26, 2013C$1,291.16+11.92
December 27, 2013C$1,294.90+3.74
December 30, 2013C$1,288.16-6.74
December 31, 2013C$1,279.42-8.74

📊 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$1,303.23
Per GramC$41.90
Per KilogramC$41,899.76
Per Pennyweight (1.555g)C$65.16
Per Tola (11.66g)C$488.71

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