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GOLD PRICE IN PRINCE EDWARD ISLAND — MARCH 2013

C$1,631.37 avg/oz

During March 2013, gold dealers serving Prince Edward Island based pricing on CAD spot prices ranging from C$1,614.66 to C$1,655.11 per ounce, with a monthly average of C$1,631.37. The month opened at C$1,620.00 and closed at C$1,620.48, a gain of C$0.48. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Prince Edward Island.

DAILY PRICES — MARCH 2013

DateClose (CAD)Change
March 1, 2013C$1,620.00+5.30
March 4, 2013C$1,614.66-5.34
March 5, 2013C$1,616.41+1.75
March 6, 2013C$1,616.56+0.15
March 7, 2013C$1,625.51+8.95
March 8, 2013C$1,622.95-2.56
March 11, 2013C$1,622.29-0.66
March 12, 2013C$1,633.52+11.23
March 13, 2013C$1,629.44-4.08
March 14, 2013C$1,634.99+5.55
March 15, 2013C$1,627.69-7.30
March 18, 2013C$1,641.71+14.02
March 19, 2013C$1,647.07+5.36
March 20, 2013C$1,650.69+3.62
March 21, 2013C$1,655.11+4.42
March 22, 2013C$1,645.23-9.88
March 25, 2013C$1,640.22-5.01
March 26, 2013C$1,630.11-10.11
March 27, 2013C$1,632.70+2.59
March 28, 2013C$1,620.48-12.22

📊 Gold Market Analysis

Gold demand in Canada has grown significantly over the past decade, driven by institutional investors, ETF flows, and retail buyers seeking portfolio diversification. The Royal Canadian Mint's Gold Maple Leaf remains one of the world's most widely traded bullion coins. Central banks worldwide purchased over 1,000 tonnes of gold annually in 2023–2025, led by China, India, and Turkey. This institutional buying has provided a structural floor under gold prices. Canada is unique among G7 nations in holding zero gold reserves since 2016, making private gold ownership more significant for national wealth preservation.

❓ Frequently Asked Questions

❓ 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.

❓ 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.

💡 Canadian Gold Investor Guide

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.

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.

⚖️ Unit Conversions (CAD)

UnitPrice (CAD)
Per Troy Ounce (31.1g)C$1,631.37
Per GramC$52.45
Per KilogramC$52,449.69
Per Pennyweight (1.555g)C$81.57
Per Tola (11.66g)C$611.76

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