14k gold price per gram in Canada

The Canadian gold price is the US dollar spot price multiplied by the USD to CAD rate. A weaker loonie raises the Canadian price even when gold has not moved at all in US terms, and sellers regularly mistake a currency move for a gold rally.

If you are watching for a good moment to sell, watch the exchange rate alongside the metal.

The Canadian dollar is a commodity currency, and it tracks crude prices more closely than most. When oil falls the loonie usually falls with it, which pushes the Canadian dollar gold price up.

That is a genuinely useful hedge if you are holding gold in Canada. The periods when the domestic economy looks weakest are often the periods when your gold is worth the most in local terms, because both the flight to gold and the weaker currency push the same way.

Canada follows the US convention of marking in karats, so expect 10K, 14K and 18K rather than the European fineness numbers. Under the Precious Metals Marking Act a quality mark must be accompanied by a registered trademark, which is a useful authenticity check: a karat stamp with no maker's mark beside it is worth a second look.

Older Canadian pieces and anything imported may carry the fineness number instead, so 585 on a chain here means exactly what 14K does.

Investment grade bullion of 99.5% purity or better is zero rated for GST and HST in Canada. Jewellery is not, so anything you buy at retail carries sales tax you will not recover when you sell.

Selling your own jewellery as a private individual does not create a GST or HST charge. Capital gains are a separate question: the Canada Revenue Agency treats jewellery as personal use property, and personal use property has its adjusted cost base and proceeds both deemed to be at least $1,000, which means small sales generally produce no reportable gain at all. Large estate lots are a different matter and worth asking an accountant about.

Canada has no equivalent of the dense German Goldankauf network, so the realistic options are pawn shops, jewellers who buy scrap as a sideline, and mail in refiners. The mail in operators typically pay best, because they are closest to the refining end, but you give up the ability to watch your gold being tested.

If you post gold, use a tracked and insured service and photograph every piece with its weight before it goes. Reputable buyers send a quote you can decline, with your gold returned. Establish that the return policy exists before you post anything.