Home›Provinces›Quebec›April 2022

GOLD PRICE IN QUEBEC — APRIL 2022

C$2,439.88 avg/oz

During April 2022, gold dealers serving Quebec based pricing on CAD spot prices ranging from C$2,395.01 to C$2,502.87 per ounce, with a monthly average of C$2,439.88. The month opened at C$2,398.59 and closed at C$2,444.78, a gain of C$46.19. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Quebec.

DAILY PRICES — APRIL 2022

DateClose (CAD)Change
April 1, 2022C$2,398.59-34.46
April 4, 2022C$2,416.61+18.02
April 5, 2022C$2,400.97-15.64
April 6, 2022C$2,395.01-5.96
April 7, 2022C$2,429.59+34.58
April 8, 2022C$2,443.83+14.24
April 11, 2022C$2,445.15+1.32
April 12, 2022C$2,492.75+47.60
April 13, 2022C$2,502.87+10.12
April 14, 2022C$2,476.67-26.20
April 18, 2022C$2,501.43+24.76
April 19, 2022C$2,464.22-37.21
April 20, 2022C$2,460.62-3.60
April 21, 2022C$2,428.44-32.18
April 22, 2022C$2,430.96+2.52
April 25, 2022C$2,408.34-22.62
April 26, 2022C$2,421.55+13.21
April 27, 2022C$2,415.10-6.45
April 28, 2022C$2,420.18+5.08
April 29, 2022C$2,444.78+24.60

📊 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$2,439.88
Per GramC$78.44
Per KilogramC$78,443.85
Per Pennyweight (1.555g)C$121.99
Per Tola (11.66g)C$914.96

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