Home›Provinces›Prince Edward Island›December 2021

GOLD PRICE IN PRINCE EDWARD ISLAND — DECEMBER 2021

C$2,292.13 avg/oz

During December 2021, gold dealers serving Prince Edward Island based pricing on CAD spot prices ranging from C$2,245.26 to C$2,329.04 per ounce, with a monthly average of C$2,292.13. The month opened at C$2,275.87 and closed at C$2,329.04, a gain of C$53.17. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Prince Edward Island.

DAILY PRICES — DECEMBER 2021

DateClose (CAD)Change
December 1, 2021C$2,275.87+16.66
December 2, 2021C$2,255.62-20.25
December 3, 2021C$2,284.11+28.49
December 6, 2021C$2,278.22-5.89
December 7, 2021C$2,274.95-3.27
December 8, 2021C$2,255.25-19.70
December 9, 2021C$2,245.26-9.99
December 10, 2021C$2,265.78+20.52
December 13, 2021C$2,272.16+6.38
December 14, 2021C$2,267.46-4.70
December 15, 2021C$2,267.96+0.50
December 16, 2021C$2,306.21+38.25
December 17, 2021C$2,305.20-1.01
December 20, 2021C$2,313.60+8.40
December 21, 2021C$2,312.83-0.77
December 22, 2021C$2,328.21+15.38
December 23, 2021C$2,327.61-0.60
December 27, 2021C$2,316.90-10.71
December 28, 2021C$2,314.70-2.20
December 29, 2021C$2,312.87-1.83
December 30, 2021C$2,317.10+4.23
December 31, 2021C$2,329.04+11.94

📊 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$2,292.13
Per GramC$73.69
Per KilogramC$73,693.58
Per Pennyweight (1.555g)C$114.61
Per Tola (11.66g)C$859.55

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