Home›Provinces›Quebec›November 2015

GOLD PRICE IN QUEBEC — NOVEMBER 2015

C$1,436.96 avg/oz

During November 2015, gold dealers serving Quebec based pricing on CAD spot prices ranging from C$1,404.15 to C$1,484.79 per ounce, with a monthly average of C$1,436.96. The month opened at C$1,484.79 and closed at C$1,424.65, a loss of C$60.14. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Quebec.

DAILY PRICES — NOVEMBER 2015

DateClose (CAD)Change
November 2, 2015C$1,484.79-17.31
November 3, 2015C$1,458.82-25.97
November 4, 2015C$1,445.58-13.24
November 5, 2015C$1,452.83+7.25
November 6, 2015C$1,431.50-21.33
November 9, 2015C$1,446.47+14.97
November 10, 2015C$1,443.60-2.87
November 11, 2015C$1,438.51-5.09
November 12, 2015C$1,432.38-6.13
November 13, 2015C$1,435.52+3.14
November 16, 2015C$1,443.49+7.97
November 17, 2015C$1,424.58-18.91
November 18, 2015C$1,423.39-1.19
November 19, 2015C$1,433.63+10.24
November 20, 2015C$1,431.12-2.51
November 23, 2015C$1,424.84-6.28
November 24, 2015C$1,435.30+10.46
November 25, 2015C$1,424.09-11.21
November 27, 2015C$1,404.15-19.94
November 30, 2015C$1,424.65+20.50

📊 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$1,436.96
Per GramC$46.20
Per KilogramC$46,199.27
Per Pennyweight (1.555g)C$71.85
Per Tola (11.66g)C$538.86

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