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GOLD PRICE IN PRINCE EDWARD ISLAND — NOVEMBER 2013

C$1,335.23 avg/oz

During November 2013, gold dealers serving Prince Edward Island based pricing on CAD spot prices ranging from C$1,299.95 to C$1,377.00 per ounce, with a monthly average of C$1,335.23. The month opened at C$1,369.43 and closed at C$1,323.76, a loss of C$45.67. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Prince Edward Island.

DAILY PRICES — NOVEMBER 2013

DateClose (CAD)Change
November 1, 2013C$1,369.43-17.44
November 4, 2013C$1,369.30-0.13
November 5, 2013C$1,362.90-6.40
November 6, 2013C$1,377.00+14.10
November 7, 2013C$1,363.25-13.75
November 8, 2013C$1,342.61-20.64
November 11, 2013C$1,343.09+0.48
November 12, 2013C$1,330.74-12.35
November 13, 2013C$1,330.56-0.18
November 14, 2013C$1,343.67+13.11
November 15, 2013C$1,347.56+3.89
November 18, 2013C$1,327.95-19.61
November 19, 2013C$1,328.51+0.56
November 20, 2013C$1,315.07-13.44
November 21, 2013C$1,299.95-15.12
November 22, 2013C$1,308.41+8.46
November 25, 2013C$1,308.74+0.33
November 26, 2013C$1,307.13-1.61
November 27, 2013C$1,304.93-2.20
November 29, 2013C$1,323.76+18.83

📊 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$1,335.23
Per GramC$42.93
Per KilogramC$42,928.58
Per Pennyweight (1.555g)C$66.76
Per Tola (11.66g)C$500.71

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