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GOLD PRICE IN QUEBEC — NOVEMBER 2014

C$1,332.52 avg/oz

During November 2014, gold dealers serving Quebec based pricing on CAD spot prices ranging from C$1,301.56 to C$1,354.25 per ounce, with a monthly average of C$1,332.52. The month opened at C$1,319.90 and closed at C$1,332.56, a gain of C$12.66. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Quebec.

DAILY PRICES — NOVEMBER 2014

DateClose (CAD)Change
November 3, 2014C$1,319.90+8.97
November 4, 2014C$1,325.89+5.99
November 5, 2014C$1,304.94-20.95
November 6, 2014C$1,301.56-3.38
November 7, 2014C$1,336.42+34.86
November 10, 2014C$1,313.55-22.87
November 11, 2014C$1,322.05+8.50
November 12, 2014C$1,313.50-8.55
November 13, 2014C$1,314.66+1.16
November 14, 2014C$1,348.65+33.99
November 17, 2014C$1,335.69-12.96
November 18, 2014C$1,351.67+15.98
November 19, 2014C$1,351.37-0.30
November 20, 2014C$1,351.33-0.04
November 21, 2014C$1,354.25+2.92
November 24, 2014C$1,342.57-11.68
November 25, 2014C$1,351.41+8.84
November 26, 2014C$1,345.94-5.47
November 28, 2014C$1,332.56-13.38

📊 Gold Market Analysis

Gold demand in Canada has grown significantly over the past decade, driven by institutional investors, ETF flows, and retail buyers seeking portfolio diversification. The Royal Canadian Mint's Gold Maple Leaf remains one of the world's most widely traded bullion coins. Central banks worldwide purchased over 1,000 tonnes of gold annually in 2023–2025, led by China, India, and Turkey. This institutional buying has provided a structural floor under gold prices. Canada is unique among G7 nations in holding zero gold reserves since 2016, making private gold ownership more significant for national wealth preservation.

❓ Frequently Asked Questions

❓ 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.

❓ 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.

💡 Canadian Gold Investor Guide

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.

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.

⚖️ Unit Conversions (CAD)

UnitPrice (CAD)
Per Troy Ounce (31.1g)C$1,332.52
Per GramC$42.84
Per KilogramC$42,841.45
Per Pennyweight (1.555g)C$66.63
Per Tola (11.66g)C$499.69

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