GOLD PRICE IN SASKATCHEWAN — JANUARY 2003
During January 2003, gold dealers serving Saskatchewan based pricing on CAD spot prices ranging from C$467.24 to C$499.50 per ounce, with a monthly average of C$483.56. The month opened at C$467.24 and closed at C$497.20, a gain of C$29.96. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Saskatchewan.
DAILY PRICES — JANUARY 2003
| Date | Close (CAD) | Change |
|---|---|---|
| January 2, 2003 | C$467.24 | -2.02 |
| January 3, 2003 | C$474.12 | +6.88 |
| January 6, 2003 | C$474.80 | +0.68 |
| January 7, 2003 | C$468.85 | -5.95 |
| January 8, 2003 | C$477.76 | +8.91 |
| January 9, 2003 | C$476.95 | -0.81 |
| January 10, 2003 | C$478.58 | +1.63 |
| January 13, 2003 | C$478.85 | +0.27 |
| January 14, 2003 | C$475.20 | -3.65 |
| January 15, 2003 | C$473.45 | -1.75 |
| January 16, 2003 | C$482.90 | +9.45 |
| January 17, 2003 | C$481.41 | -1.49 |
| January 21, 2003 | C$482.35 | +0.94 |
| January 22, 2003 | C$485.60 | +3.25 |
| January 23, 2003 | C$492.08 | +6.48 |
| January 24, 2003 | C$497.07 | +4.99 |
| January 27, 2003 | C$498.69 | +1.62 |
| January 28, 2003 | C$499.50 | +0.81 |
| January 29, 2003 | C$494.50 | -5.00 |
| January 30, 2003 | C$497.61 | +3.11 |
| January 31, 2003 | C$497.20 | -0.41 |
📊 Gold Market Analysis
❓ 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)
| Unit | Price (CAD) |
|---|---|
| Per Troy Ounce (31.1g) | C$483.56 |
| Per Gram | C$15.55 |
| Per Kilogram | C$15,546.79 |
| Per Pennyweight (1.555g) | C$24.18 |
| Per Tola (11.66g) | C$181.34 |
📚 Learn more: How to Buy Gold in Canada · Gold Tax Guide · 25 Year Price Analysis · All Guides