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GOLD PRICE IN QUEBEC — NOVEMBER 2009

C$1,191.53 avg/oz

During November 2009, gold dealers serving Quebec based pricing on CAD spot prices ranging from C$1,135.14 to C$1,246.41 per ounce, with a monthly average of C$1,191.53. The month opened at C$1,135.14 and closed at C$1,244.64, a gain of C$109.50. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Quebec.

DAILY PRICES — NOVEMBER 2009

DateClose (CAD)Change
November 2, 2009C$1,135.14+7.48
November 3, 2009C$1,156.30+21.16
November 4, 2009C$1,154.84-1.46
November 5, 2009C$1,159.47+4.63
November 6, 2009C$1,175.37+15.90
November 9, 2009C$1,161.23-14.14
November 10, 2009C$1,156.77-4.46
November 11, 2009C$1,163.57+6.80
November 12, 2009C$1,166.61+3.04
November 13, 2009C$1,173.36+6.75
November 16, 2009C$1,191.77+18.41
November 17, 2009C$1,196.88+5.11
November 18, 2009C$1,203.89+7.01
November 19, 2009C$1,212.74+8.85
November 20, 2009C$1,226.88+14.14
November 23, 2009C$1,230.32+3.44
November 24, 2009C$1,232.98+2.66
November 25, 2009C$1,241.50+8.52
November 27, 2009C$1,246.41+4.91
November 30, 2009C$1,244.64-1.77

📊 Gold Market Analysis

Market technicals for gold in CAD incorporate both the underlying commodity trend and currency movements. Support and resistance levels for XAU/CAD often differ from XAU/USD due to the additional variable of Canadian Dollar strength. Seasonal gold price patterns show that gold tends to perform well in January (New Year investment flows), August–September (Indian wedding season demand), and during year-end tax-loss harvesting. Canadian investors can use these seasonal trends to time bullion purchases for potentially better entry prices.

❓ Frequently Asked Questions

❓ 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.

❓ 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.

💡 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$1,191.53
Per GramC$38.31
Per KilogramC$38,308.52
Per Pennyweight (1.555g)C$59.58
Per Tola (11.66g)C$446.82

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