GOLD PRICE IN PRINCE EDWARD ISLAND — JULY 2009
During July 2009, gold dealers serving Prince Edward Island based pricing on CAD spot prices ranging from C$1,011.58 to C$1,083.17 per ounce, with a monthly average of C$1,048.59. The month opened at C$1,081.21 and closed at C$1,028.57, a loss of C$52.64. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Prince Edward Island.
DAILY PRICES — JULY 2009
| Date | Close (CAD) | Change |
|---|---|---|
| July 1, 2009 | C$1,081.21 | +3.83 |
| July 2, 2009 | C$1,082.78 | +1.57 |
| July 6, 2009 | C$1,072.12 | -10.66 |
| July 7, 2009 | C$1,083.17 | +11.05 |
| July 8, 2009 | C$1,060.35 | -22.82 |
| July 9, 2009 | C$1,063.36 | +3.01 |
| July 10, 2009 | C$1,061.16 | -2.20 |
| July 13, 2009 | C$1,061.08 | -0.08 |
| July 14, 2009 | C$1,045.84 | -15.24 |
| July 15, 2009 | C$1,047.85 | +2.01 |
| July 16, 2009 | C$1,045.16 | -2.69 |
| July 17, 2009 | C$1,043.20 | -1.96 |
| July 20, 2009 | C$1,050.27 | +7.07 |
| July 21, 2009 | C$1,047.13 | -3.14 |
| July 22, 2009 | C$1,048.59 | +1.46 |
| July 23, 2009 | C$1,039.36 | -9.23 |
| July 24, 2009 | C$1,036.36 | -3.00 |
| July 27, 2009 | C$1,029.85 | -6.51 |
| July 28, 2009 | C$1,016.56 | -13.29 |
| July 29, 2009 | C$1,011.58 | -4.98 |
| July 30, 2009 | C$1,013.53 | +1.95 |
| July 31, 2009 | C$1,028.57 | +15.04 |
📊 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
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)
| Unit | Price (CAD) |
|---|---|
| Per Troy Ounce (31.1g) | C$1,048.59 |
| Per Gram | C$33.71 |
| Per Kilogram | C$33,712.90 |
| Per Pennyweight (1.555g) | C$52.43 |
| Per Tola (11.66g) | C$393.22 |
📚 Learn more: How to Buy Gold in Canada · Gold Tax Guide · 25 Year Price Analysis · All Guides