Home›Provinces›Prince Edward Island›June 2002

GOLD PRICE IN PRINCE EDWARD ISLAND — JUNE 2002

C$433.53 avg/oz

During June 2002, gold dealers serving Prince Edward Island based pricing on CAD spot prices ranging from C$423.23 to C$442.53 per ounce, with a monthly average of C$433.53. The month opened at C$441.05 and closed at C$423.23, a loss of C$17.82. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Prince Edward Island.

DAILY PRICES — JUNE 2002

DateClose (CAD)Change
June 3, 2002C$441.05+0.27
June 4, 2002C$442.53+1.48
June 5, 2002C$433.62-8.91
June 6, 2002C$438.61+4.99
June 7, 2002C$438.21-0.40
June 10, 2002C$430.25-7.96
June 11, 2002C$431.60+1.35
June 12, 2002C$432.40+0.80
June 13, 2002C$428.90-3.50
June 14, 2002C$430.79+1.89
June 17, 2002C$428.49-2.30
June 18, 2002C$430.92+2.43
June 19, 2002C$431.73+0.81
June 20, 2002C$436.32+4.59
June 21, 2002C$438.21+1.89
June 24, 2002C$437.80-0.41
June 25, 2002C$432.27-5.53
June 26, 2002C$432.68+0.41
June 27, 2002C$430.92-1.76
June 28, 2002C$423.23-7.69

📊 Gold Market Analysis

Market technicals for gold in CAD incorporate both the underlying commodity trend and currency movements. Support and resistance levels for XAU/CAD often differ from XAU/USD due to the additional variable of Canadian Dollar strength. The gold-to-silver ratio, currently fluctuating between 80:1 and 90:1, is watched closely by precious metals investors. Historically, ratios above 80 suggest silver is undervalued relative to gold. Canadian investors can use this metric to decide whether to overweight gold or silver in their bullion portfolios when purchasing from dealers like Kitco or Sprott Money.

❓ Frequently Asked Questions

❓ 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.

❓ Where can I buy gold in my province?

Most Canadians buy gold online from national dealers (Kitco, Sprott Money, SilverGoldBull) with insured shipping to any province. Some metropolitan areas have local coin shops. The Royal Canadian Mint operates a retail store in Ottawa, Ontario.

❓ 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.

💡 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)

UnitPrice (CAD)
Per Troy Ounce (31.1g)C$433.53
Per GramC$13.94
Per KilogramC$13,938.29
Per Pennyweight (1.555g)C$21.68
Per Tola (11.66g)C$162.57

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