GOLD PRICE IN PRINCE EDWARD ISLAND — JULY 2005
During July 2005, gold dealers serving Prince Edward Island based pricing on CAD spot prices ranging from C$507.97 to C$531.07 per ounce, with a monthly average of C$518.08. The month opened at C$531.07 and closed at C$519.19, a loss of C$11.88. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Prince Edward Island.
DAILY PRICES — JULY 2005
| Date | Close (CAD) | Change |
|---|---|---|
| July 1, 2005 | C$531.07 | -2.78 |
| July 5, 2005 | C$525.41 | -5.66 |
| July 6, 2005 | C$523.19 | -2.22 |
| July 7, 2005 | C$519.73 | -3.46 |
| July 8, 2005 | C$516.11 | -3.62 |
| July 11, 2005 | C$517.24 | +1.13 |
| July 12, 2005 | C$513.39 | -3.85 |
| July 13, 2005 | C$512.41 | -0.98 |
| July 14, 2005 | C$507.97 | -4.44 |
| July 15, 2005 | C$513.38 | +5.41 |
| July 18, 2005 | C$511.79 | -1.59 |
| July 19, 2005 | C$511.82 | +0.03 |
| July 20, 2005 | C$515.40 | +3.58 |
| July 21, 2005 | C$517.58 | +2.18 |
| July 22, 2005 | C$516.18 | -1.40 |
| July 25, 2005 | C$518.46 | +2.28 |
| July 26, 2005 | C$521.12 | +2.66 |
| July 27, 2005 | C$524.67 | +3.55 |
| July 28, 2005 | C$525.58 | +0.91 |
| July 29, 2005 | C$519.19 | -6.39 |
📊 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
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)
| Unit | Price (CAD) |
|---|---|
| Per Troy Ounce (31.1g) | C$518.08 |
| Per Gram | C$16.66 |
| Per Kilogram | C$16,656.63 |
| Per Pennyweight (1.555g) | C$25.90 |
| Per Tola (11.66g) | C$194.28 |
📚 Learn more: How to Buy Gold in Canada · Gold Tax Guide · 25 Year Price Analysis · All Guides