GOLD PRICE IN PRINCE EDWARD ISLAND — OCTOBER 2001
During October 2001, gold dealers serving Prince Edward Island based pricing on CAD spot prices ranging from C$371.93 to C$394.74 per ounce, with a monthly average of C$382.56. The month opened at C$394.47 and closed at C$377.33, a loss of C$17.14. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Prince Edward Island.
DAILY PRICES — OCTOBER 2001
| Date | Close (CAD) | Change |
|---|---|---|
| October 1, 2001 | C$394.47 | -0.27 |
| October 2, 2001 | C$391.36 | -3.11 |
| October 3, 2001 | C$392.18 | +0.82 |
| October 4, 2001 | C$392.18 | +0.00 |
| October 5, 2001 | C$393.39 | +1.21 |
| October 8, 2001 | C$394.74 | +1.35 |
| October 9, 2001 | C$390.01 | -4.73 |
| October 10, 2001 | C$385.70 | -4.31 |
| October 11, 2001 | C$380.43 | -5.27 |
| October 12, 2001 | C$384.61 | +4.18 |
| October 15, 2001 | C$380.84 | -3.77 |
| October 16, 2001 | C$381.10 | +0.26 |
| October 17, 2001 | C$382.59 | +1.49 |
| October 18, 2001 | C$376.92 | -5.67 |
| October 19, 2001 | C$378.14 | +1.22 |
| October 22, 2001 | C$371.93 | -6.21 |
| October 23, 2001 | C$372.74 | +0.81 |
| October 24, 2001 | C$372.46 | -0.28 |
| October 25, 2001 | C$375.03 | +2.57 |
| October 26, 2001 | C$375.16 | +0.13 |
| October 29, 2001 | C$376.79 | +1.63 |
| October 30, 2001 | C$378.81 | +2.02 |
| October 31, 2001 | C$377.33 | -1.48 |
📊 Gold Market Analysis
❓ 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
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)
| Unit | Price (CAD) |
|---|---|
| Per Troy Ounce (31.1g) | C$382.56 |
| Per Gram | C$12.30 |
| Per Kilogram | C$12,299.57 |
| Per Pennyweight (1.555g) | C$19.13 |
| Per Tola (11.66g) | C$143.46 |
📚 Learn more: How to Buy Gold in Canada · Gold Tax Guide · 25 Year Price Analysis · All Guides