Home›Provinces›Prince Edward Island›June 2019

GOLD PRICE IN PRINCE EDWARD ISLAND — JUNE 2019

C$1,808.18 avg/oz

During June 2019, gold dealers serving Prince Edward Island based pricing on CAD spot prices ranging from C$1,757.73 to C$1,866.93 per ounce, with a monthly average of C$1,808.18. The month opened at C$1,788.32 and closed at C$1,845.90, a gain of C$57.58. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Prince Edward Island.

DAILY PRICES — JUNE 2019

DateClose (CAD)Change
June 3, 2019C$1,788.32+22.24
June 4, 2019C$1,778.85-9.47
June 5, 2019C$1,778.65-0.20
June 6, 2019C$1,795.06+16.41
June 7, 2019C$1,791.04-4.02
June 10, 2019C$1,757.73-33.31
June 11, 2019C$1,759.50+1.77
June 12, 2019C$1,768.79+9.29
June 13, 2019C$1,785.56+16.77
June 14, 2019C$1,785.99+0.43
June 17, 2019C$1,795.06+9.07
June 18, 2019C$1,805.79+10.73
June 19, 2019C$1,798.27-7.52
June 20, 2019C$1,848.34+50.07
June 21, 2019C$1,840.62-7.72
June 24, 2019C$1,866.93+26.31
June 25, 2019C$1,864.98-1.95
June 26, 2019C$1,860.26-4.72
June 27, 2019C$1,847.96-12.30
June 28, 2019C$1,845.90-2.06

📊 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

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)

UnitPrice (CAD)
Per Troy Ounce (31.1g)C$1,808.18
Per GramC$58.13
Per KilogramC$58,134.25
Per Pennyweight (1.555g)C$90.41
Per Tola (11.66g)C$678.07

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