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GOLD PRICE IN QUEBEC — OCTOBER 2022

C$2,281.83 avg/oz

During October 2022, gold dealers serving Quebec based pricing on CAD spot prices ranging from C$2,224.04 to C$2,345.53 per ounce, with a monthly average of C$2,281.83. The month opened at C$2,334.05 and closed at C$2,226.15, a loss of C$107.90. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Quebec.

DAILY PRICES — OCTOBER 2022

DateClose (CAD)Change
October 3, 2022C$2,334.05+60.80
October 4, 2022C$2,345.53+11.48
October 5, 2022C$2,311.31-34.22
October 6, 2022C$2,327.54+16.23
October 7, 2022C$2,336.66+9.12
October 10, 2022C$2,289.55-47.11
October 11, 2022C$2,312.41+22.86
October 12, 2022C$2,303.59-8.82
October 13, 2022C$2,307.22+3.63
October 14, 2022C$2,259.00-48.22
October 17, 2022C$2,295.77+36.77
October 18, 2022C$2,261.26-34.51
October 19, 2022C$2,233.94-27.32
October 20, 2022C$2,246.07+12.13
October 21, 2022C$2,274.63+28.56
October 24, 2022C$2,249.85-24.78
October 25, 2022C$2,263.54+13.69
October 26, 2022C$2,265.82+2.28
October 27, 2022C$2,250.58-15.24
October 28, 2022C$2,224.04-26.54
October 31, 2022C$2,226.15+2.11

📊 Gold Market Analysis

Gold has historically served as an effective hedge against inflation and currency depreciation in Canada. Central bank policies, including the Bank of Canada's interest rate decisions, directly influence the attractiveness of gold relative to fixed-income investments. Gold mining stocks on the TSX (Toronto Stock Exchange) — including Barrick Gold, Agnico Eagle, and Kinross Gold — offer leveraged exposure to gold prices. However, physical bullion provides direct price exposure without management risk, dilution, or operational challenges. Many Canadian financial advisors recommend a mix of both.

❓ 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$2,281.83
Per GramC$73.36
Per KilogramC$73,362.43
Per Pennyweight (1.555g)C$114.09
Per Tola (11.66g)C$855.69

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