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GOLD PRICE IN PRINCE EDWARD ISLAND — APRIL 2002

C$409.73 avg/oz

During April 2002, gold dealers serving Prince Edward Island based pricing on CAD spot prices ranging from C$403.38 to C$420.66 per ounce, with a monthly average of C$409.73. The month opened at C$409.32 and closed at C$417.01, a gain of C$7.69. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Prince Edward Island.

DAILY PRICES — APRIL 2002

DateClose (CAD)Change
April 1, 2002C$409.32+0.81
April 2, 2002C$412.96+3.64
April 3, 2002C$408.51-4.45
April 4, 2002C$406.49-2.02
April 5, 2002C$405.14-1.35
April 8, 2002C$405.68+0.54
April 9, 2002C$403.38-2.30
April 10, 2002C$407.30+3.92
April 11, 2002C$407.97+0.67
April 12, 2002C$407.84-0.13
April 15, 2002C$405.00-2.84
April 16, 2002C$403.38-1.62
April 17, 2002C$407.84+4.46
April 18, 2002C$411.08+3.24
April 19, 2002C$408.10-2.98
April 22, 2002C$409.05+0.95
April 23, 2002C$410.40+1.35
April 24, 2002C$410.80+0.40
April 25, 2002C$415.94+5.14
April 26, 2002C$420.66+4.72
April 29, 2002C$420.12-0.54
April 30, 2002C$417.01-3.11

📊 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

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.

Portfolio Allocation: Most Canadian financial planners recommend allocating 5–15% of a diversified portfolio to gold and precious metals. This allocation provides downside protection during equity bear markets while maintaining growth potential during inflationary periods.

⚖️ Unit Conversions (CAD)

UnitPrice (CAD)
Per Troy Ounce (31.1g)C$409.73
Per GramC$13.17
Per KilogramC$13,173.11
Per Pennyweight (1.555g)C$20.49
Per Tola (11.66g)C$153.65

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