Home›Provinces›Quebec›May 2013

GOLD PRICE IN QUEBEC — MAY 2013

C$1,443.13 avg/oz

During May 2013, gold dealers serving Quebec based pricing on CAD spot prices ranging from C$1,390.15 to C$1,481.27 per ounce, with a monthly average of C$1,443.13. The month opened at C$1,456.00 and closed at C$1,434.66, a loss of C$21.34. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Quebec.

DAILY PRICES — MAY 2013

DateClose (CAD)Change
May 1, 2013C$1,456.00-33.42
May 2, 2013C$1,478.27+22.27
May 3, 2013C$1,479.97+1.70
May 6, 2013C$1,480.09+0.12
May 7, 2013C$1,458.71-21.38
May 8, 2013C$1,481.27+22.56
May 9, 2013C$1,472.77-8.50
May 10, 2013C$1,446.80-25.97
May 13, 2013C$1,451.86+5.06
May 14, 2013C$1,439.23-12.63
May 15, 2013C$1,421.92-17.31
May 16, 2013C$1,408.60-13.32
May 17, 2013C$1,390.15-18.45
May 20, 2013C$1,423.20+33.05
May 21, 2013C$1,411.56-11.64
May 22, 2013C$1,403.57-7.99
May 23, 2013C$1,444.42+40.85
May 24, 2013C$1,430.90-13.52
May 28, 2013C$1,426.61-4.29
May 29, 2013C$1,447.79+21.18
May 30, 2013C$1,460.48+12.69
May 31, 2013C$1,434.66-25.82

📊 Gold Market Analysis

The precious metals market in Canada is influenced by multiple factors including global supply and demand, mining production costs, central bank reserves management, and macroeconomic indicators such as GDP growth, unemployment rates, and consumer price inflation. Gold's role as a portfolio diversifier is supported by its low correlation with equities. During the 2008 financial crisis and the 2020 COVID crash, gold provided positive returns when stock markets fell 30–50%. A 10% gold allocation has historically reduced portfolio volatility while maintaining competitive long-term returns.

❓ 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

Tax-Efficient Gold Investing: Maximize TFSA contributions first — all gold gains are 100% tax-free. Then use RRSP for tax-deductible contributions where gains are tax-deferred. Keep non-registered gold purchases for emergency reserves, as the capital gains inclusion rate is 50%.

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.

⚖️ Unit Conversions (CAD)

UnitPrice (CAD)
Per Troy Ounce (31.1g)C$1,443.13
Per GramC$46.40
Per KilogramC$46,397.64
Per Pennyweight (1.555g)C$72.16
Per Tola (11.66g)C$541.17

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