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GOLD PRICE IN SASKATCHEWAN — DECEMBER 2010

C$1,406.40 avg/oz

During December 2010, gold dealers serving Saskatchewan based pricing on CAD spot prices ranging from C$1,375.74 to C$1,422.68 per ounce, with a monthly average of C$1,406.40. The month opened at C$1,422.68 and closed at C$1,420.53, a loss of C$2.15. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Saskatchewan.

DAILY PRICES — DECEMBER 2010

DateClose (CAD)Change
December 1, 2010C$1,422.68+10.95
December 2, 2010C$1,413.35-9.33
December 3, 2010C$1,410.04-3.31
December 6, 2010C$1,419.02+8.98
December 7, 2010C$1,416.19-2.83
December 8, 2010C$1,397.43-18.76
December 9, 2010C$1,406.86+9.43
December 10, 2010C$1,398.56-8.30
December 13, 2010C$1,411.55+12.99
December 14, 2010C$1,414.13+2.58
December 15, 2010C$1,393.98-20.15
December 16, 2010C$1,375.74-18.24
December 17, 2010C$1,386.32+10.58
December 20, 2010C$1,402.40+16.08
December 21, 2010C$1,412.91+10.51
December 22, 2010C$1,411.07-1.84
December 23, 2010C$1,397.25-13.82
December 27, 2010C$1,396.22-1.03
December 28, 2010C$1,413.22+17.00
December 29, 2010C$1,416.05+2.83
December 30, 2010C$1,405.32-10.73
December 31, 2010C$1,420.53+15.21

📊 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$1,406.40
Per GramC$45.22
Per KilogramC$45,216.74
Per Pennyweight (1.555g)C$70.32
Per Tola (11.66g)C$527.40

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