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GOLD PRICE IN ONTARIO — OCTOBER 2015

C$1,517.08 avg/oz

During October 2015, gold dealers serving Ontario based pricing on CAD spot prices ranging from C$1,483.78 to C$1,562.01 per ounce, with a monthly average of C$1,517.08. The month opened at C$1,483.78 and closed at C$1,502.10, a gain of C$18.32. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Ontario.

DAILY PRICES — OCTOBER 2015

DateClose (CAD)Change
October 1, 2015C$1,483.78-13.11
October 2, 2015C$1,506.17+22.39
October 5, 2015C$1,498.54-7.63
October 6, 2015C$1,500.36+1.82
October 7, 2015C$1,498.76-1.60
October 8, 2015C$1,495.56-3.20
October 9, 2015C$1,503.02+7.46
October 12, 2015C$1,508.55+5.53
October 13, 2015C$1,516.82+8.27
October 14, 2015C$1,536.25+19.43
October 15, 2015C$1,534.77-1.48
October 16, 2015C$1,521.28-13.49
October 19, 2015C$1,515.54-5.74
October 20, 2015C$1,533.76+18.22
October 21, 2015C$1,516.20-17.56
October 22, 2015C$1,532.15+15.95
October 23, 2015C$1,524.62-7.53
October 26, 2015C$1,537.20+12.58
October 27, 2015C$1,535.04-2.16
October 28, 2015C$1,562.01+26.97
October 29, 2015C$1,513.27-48.74
October 30, 2015C$1,502.10-11.17

📊 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$1,517.08
Per GramC$48.78
Per KilogramC$48,775.18
Per Pennyweight (1.555g)C$75.85
Per Tola (11.66g)C$568.90

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