Gold Price in Canada Today (CAD)
Canada is one of the world’s largest gold producing nations, home to major mines in Ontario, Quebec, and British Columbia, and to the Royal Canadian Mint, one of the most respected gold refiners globally. Gold prices in Canada are quoted in Canadian Dollars (CAD) and follow the LBMA Gold Price, the international benchmark used for bullion trading worldwide.
Today’s Gold Price in Canada
24 Karat Gold Price (1 Ounce )
CA$6,044.03
24 Karat Gold Price (10 Gram)
CA$1,943.20
24 Karat Gold Price (1 Gram)
CA$194.32
Canada Gold Price Table, All Karats
| Karat | Per Gram | Per 10 Grams | Per Ounce |
|---|---|---|---|
| 24K | CA$194.32 | CA$1,943.20 | CA$6,044.03 |
| 22K | CA$178.13 | CA$1,781.27 | CA$5,540.36 |
| 21K | CA$170.03 | CA$1,700.30 | CA$5,288.52 |
| 20K | CA$161.93 | CA$1,619.33 | CA$5,036.69 |
| 18K | CA$145.74 | CA$1,457.40 | CA$4,533.02 |
Gold Price in Canada and the GST Exemption
One detail that makes Canada genuinely different from many countries is how gold is taxed. Under the Excise Tax Act, investment grade gold bullion, meaning bars or coins of 99.5 percent purity or higher, is exempt from federal GST and HST. This exemption does not apply to gold jewelry, which is taxed normally at the applicable provincial rate. Because provincial sales tax rules vary, the final price a buyer pays for jewelry can differ meaningfully between provinces such as Ontario, Alberta, and Quebec, even though the underlying gold price itself is the same nationwide.
Calculate Canada Gold Price, Per Gram, Tola, and Ounce
Buying Gold in Canada
Gold pricing in Canada does not vary by city, since it is set nationally against the same LBMA benchmark. What does vary by location is the tax treatment and dealer premiums. Major bullion dealers include the Royal Canadian Mint’s own retail channel, as well as private dealers in Toronto, Vancouver, and Montreal. Investment grade bars and coins purchased from these dealers remain GST and HST exempt regardless of province, while jewelry purchases are subject to the local provincial sales tax rate.
Importance of Gold in Canada
Gold holds a distinct dual role in Canada, both as a major export commodity, since Canada is consistently ranked among the top five gold producing countries, and as a popular personal investment, particularly through Royal Canadian Mint coins such as the Gold Maple Leaf, which is recognized internationally for its purity and security features.
FAQs, Gold Price in Canada
What is the current gold price in Canada today?
Today’s 24K gold price in Canada is CA$194.32 per gram, updated live according to the LBMA Gold Price benchmark.
Is gold taxed in Canada?
Investment grade gold bullion of 99.5 percent purity or higher is exempt from GST and HST under the Excise Tax Act. Gold jewelry is not exempt and is taxed at the applicable provincial sales tax rate.
Does the gold price vary between Canadian provinces?
The gold price itself does not vary by province, since it follows the same national and international benchmark. What varies is the tax applied to jewelry purchases and dealer premiums on bullion.
What is the Gold Maple Leaf coin?
The Gold Maple Leaf is a bullion coin produced by the Royal Canadian Mint, widely recognized for its 99.99 percent purity and advanced anti-counterfeiting security features.
Is Canada a major gold producer?
Yes, Canada is consistently ranked among the top five gold producing countries in the world, with major mines located in Ontario, Quebec, and British Columbia.
Can I buy gold directly from the Royal Canadian Mint?
Yes, the Royal Canadian Mint sells bullion coins and bars directly to the public, in addition to through authorized dealers across the country.
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