By Gold Price in Canada Today: Per Ounce and Per Gram in CAD
Gold is trading at C$5,751.25 per troy ounce in Canada today, Saturday, November 7, 2026 (Kitco, 6:00 a.m. EST) — up about C$20 on the day. That works out to C$184.91 per gram for 24K gold. This page explains how the Canadian price is built, what the same gold is worth in the karats jewellery actually uses, what has been moving the price, and the tax and premium traps that decide what you really pay or receive. Prices change constantly; the figures here are this morning’s verified snapshot, not a live quote.
Gold price in Canada today: the full table
| Unit | 24K (pure) | 22K | 18K |
|---|---|---|---|
| Per gram | C$184.91 | C$169.50 | C$138.68 |
| Per troy ounce (31.1035 g) | C$5,751.25 | C$5,272.00 | C$4,313.44 |
| 10 grams | C$1,849.10 | C$1,695.00 | C$1,386.80 |
Calculated from the spot price of C$5,751.25 per troy ounce on November 7, 2026. Karat prices are the pure-gold value scaled by purity — 22K is 22/24 gold, 18K is 18/24 (75%) gold. These are melt values: what the metal itself is worth before any dealer’s premium, making charge, tax or buyback discount. What you pay at a counter, and what you are offered when you sell, will differ — sometimes by a lot.
How the Canadian gold price is built
There is no separate Canadian gold market. The price you see in CAD is two prices multiplied together:
Gold price in CAD = gold price in USD × the USD/CAD exchange rate.
That means Canadian gold can rise for two different reasons: gold itself getting more expensive in US dollars, or the Canadian dollar getting weaker. It also means gold can set a record in CAD while doing nothing special in USD, simply because the loonie slipped. When you read that “gold hit a high,” always ask: in which currency? From this morning’s data, gold in CAD is up about 6.2% over the past five days, but it is still well below its 52-week high of roughly C$7,579 per ounce — a reminder of how far it climbed earlier, and how sharply it can also fall.
What moves the gold price
- Interest rates and the US dollar. Gold pays no interest, so when real interest rates rise, holding it gets less attractive and the price often softens. A weaker US dollar usually does the opposite.
- Inflation and central banks. Persistent inflation — Canada’s has been running around 3% — supports demand for gold as a store of value, and central banks worldwide have been steady buyers in recent years.
- Uncertainty. Wars, trade conflicts and market stress reliably push buyers toward gold. Canada is feeling the trade side directly this year, which is part of the backdrop to the loonie’s value in the formula above.
- The loonie. Unique to Canadian buyers: even a flat US-dollar gold price becomes a rising CAD price if USD/CAD climbs.
What you actually pay: premiums, making charges and tax
The spot price is the wholesale price of raw metal. Retail buyers never pay exactly spot:
| What you buy | What is added to spot |
|---|---|
| 1 oz bullion coin or bar from a major dealer | A dealer premium, typically a few percent over spot |
| Small bars (1 g, 5 g, 10 g) | A much larger premium per gram — small units cost more to make and package |
| Gold jewellery | Making charges and retail markup that can add 20% or more; resale is usually at melt value minus a discount |
| Gold ETF units | The fund’s management fee (a fraction of a percent per year) instead of a purchase premium |
On tax: investment-grade bullion that meets the CRA’s purity thresholds (at least 99.5% pure for bars and 99.9% for coins, in practice) is treated as a financial service and is generally sold without GST/HST. Jewellery is not — it is a taxable retail purchase, and in Ontario the 13% HST applies. When you sell gold at a profit, the CRA generally taxes the gain as a capital gain, with 50% of the gain included in your income at your marginal rate — the bracket math is in our Canada tax brackets guide. Dealers also buy back below spot, so the round trip — premium in, discount out — is the real cost of owning physical gold.
A worked example: what is 20 grams of 22K jewellery worth?
Say you are quoted on a 20-gram 22K necklace, or you are selling one. The metal value this morning: 20 g × C$169.50 = C$3,390. That is the melt value — the ceiling of what a buyer will pay for the metal, before deducting their margin (cash-for-gold buyers commonly offer well below melt). As a buyer in a store, you would pay melt value plus making charges and markup, plus 13% HST in Ontario on the whole ticket. Knowing the melt number before you walk in is the single best protection against overpaying or underselling.
Gold inside a TFSA or RRSP?
You cannot hold physical coins or bars directly in a TFSA or RRSP — the CRA’s qualified-investment rules do not allow you to personally hold the metal inside a registered account. What you can hold are gold ETFs and certain funds that hold bullion, which trade on the TSX like any other fund. Inside a TFSA, growth and withdrawals are tax-free; our explainer on what is taxed inside a TFSA covers the rules, and your available room is in our TFSA contribution room guide. Physical gold, by contrast, sits outside any shelter — every gain is taxable when you sell.
Common mistakes Canadians make with gold
- Comparing a jewellery price to the 24K spot price. Jewellery is usually 22K or 18K, and the ticket includes making charges. Compare against the melt value for that karat.
- Buying tiny bars for investment. A 1-gram bar can carry a premium of 15–25% over spot. You start far underwater compared with a 1-ounce coin or an ETF.
- Forgetting the sell side. The price on a dealer’s website is what you pay. The buyback price — often several percent lower — is what you get. Check both before buying.
- Treating gold as an emergency fund. Its price swings, dealers are not open at midnight, and selling in a hurry means accepting a discount. Cash for emergencies belongs in an accessible account — see our emergency fund comparison.
Frequently asked questions
What is the gold price in Canada today?
C$5,751.25 per troy ounce on the morning of November 7, 2026 (Kitco, 6:00 a.m. EST), equal to C$184.91 per gram for 24K gold. The price moves throughout the day with the US-dollar spot price and the USD/CAD exchange rate, so check a live source before buying or selling.
What is the price of 22K gold per gram in Canada today?
About C$169.50 per gram, calculated as 22/24 of the 24K price of C$184.91 per gram. Jewellery prices add making charges, markup and sales tax on top of this metal value.
Why is the gold price different in Canada and the US?
It is the same global price expressed in different currencies. The Canadian price is the US-dollar price multiplied by the USD/CAD exchange rate, so a weaker loonie raises the Canadian price even when the US price is flat.
Do I pay GST or HST when I buy gold in Canada?
Generally no on investment-grade bullion that meets CRA purity standards — it is treated as a financial service. Yes on jewellery and lower-purity items, at your province’s normal sales tax rate.
Is gold taxed when I sell it in Canada?
Yes. A profit on physical gold sold as an investment is generally a capital gain: 50% of the gain is added to your income and taxed at your marginal rate. Keep your purchase receipts — your cost base decides the gain.
Can I hold gold in my TFSA?
Not physical metal. You can hold gold ETFs and bullion funds inside a TFSA or RRSP, and inside a TFSA the growth is tax-free. Coins and bars you hold personally are always outside registered accounts.
The bottom line
Today, gold in Canada is C$5,751.25 an ounce — C$184.91 a gram in 24K, C$169.50 in 22K and C$138.68 in 18K. Those melt values are your anchor for every jewellery quote and every buyback offer. The price itself is just the US-dollar gold price times the exchange rate, which is why it can climb in Canada even on a quiet day for gold — and why the premium you pay going in, and the discount you take coming out, matter as much as the headline number. This article is information only, not a recommendation to buy or sell gold.
