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GOLD PRICE IN PRINCE EDWARD ISLAND — JANUARY 2014

C$1,359.45 avg/oz

During January 2014, gold dealers serving Prince Edward Island based pricing on CAD spot prices ranging from C$1,303.95 to C$1,406.85 per ounce, with a monthly average of C$1,359.45. The month opened at C$1,303.95 and closed at C$1,383.44, a gain of C$79.49. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Prince Edward Island.

DAILY PRICES — JANUARY 2014

DateClose (CAD)Change
January 2, 2014C$1,303.95+24.53
January 3, 2014C$1,321.26+17.31
January 6, 2014C$1,315.84-5.42
January 7, 2014C$1,310.65-5.19
January 8, 2014C$1,320.02+9.37
January 9, 2014C$1,330.39+10.37
January 10, 2014C$1,352.02+21.63
January 13, 2014C$1,363.99+11.97
January 14, 2014C$1,355.03-8.96
January 15, 2014C$1,355.37+0.34
January 16, 2014C$1,357.58+2.21
January 17, 2014C$1,368.36+10.78
January 21, 2014C$1,360.62-7.74
January 22, 2014C$1,358.94-1.68
January 23, 2014C$1,401.74+42.80
January 24, 2014C$1,405.23+3.49
January 27, 2014C$1,397.79-7.44
January 28, 2014C$1,390.44-7.35
January 29, 2014C$1,406.85+16.41
January 30, 2014C$1,388.90-17.95
January 31, 2014C$1,383.44-5.46

📊 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$1,359.45
Per GramC$43.71
Per KilogramC$43,707.27
Per Pennyweight (1.555g)C$67.97
Per Tola (11.66g)C$509.79

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