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Gold Price in Canada by Year

In 2025 an ounce of gold cost about 19 days of work at average Canadian earnings (CA$1,303 per week), against 3.8 days in 1991. Since 1975, gold has risen 7.0% a year in Canadian dollars against inflation of 3.5% a year. Gold averaged CA$4,838 an ounce in 2025.

Today
CA$5,599
per ounce · about 21 days of work
Days of work per ounce, 2025
19
3.8 in 1991 · low 3.2 in 1999
2025 average
CA$4,838
per ounce
Gold vs inflation since 1975
7.0% vs 3.5%
a year, to 2025

Days of work to buy an ounce of gold, 1991–2011

average weekly earnings including overtime, all employees
2.746.059.361991199419982001200420082011
Yearly average gold price divided by a day's average earnings (weekly earnings ÷ 5). Highest in 2011 (8.9 days), lowest in 1999 (3.2). The chart shows the longest run of years with published figures; the table below has every year available.

Has Gold Beaten Inflation in Canada?

Yearly average gold price in CAD against Canadian consumer prices (CPI), compound rate a year.

PeriodGold (per year)Inflation (per year)Gold after inflation, whole period
10 years · 2015–202512.6%2.6%+152%
20 years · 2005–202511.6%2.2%+486%
30 years · 1995–20257.7%2.1%+390%
40 years · 1985–20256.2%2.4%+328%
50 years · 1975–20257.0%3.5%+422%

Gold's yearly average rose less than prices in 26 of 54 years since 1972: long stretches without a real gain (for example 1980–2001) are part of the record.

Gold Price by Year in CAD

Per troy ounce. "2025 money" adjusts each year's average for inflation. Converted at each day's exchange rate from 2000 and the yearly average before.

YearAverageYear-endChangeInflationIn 2025 moneyDays of work
2026to dateCA$6,283CA$5,615 +29.9%— ——
2025CA$4,838CA$5,945 +46.7%2.1% CA$4,83819
2024CA$3,297CA$3,790 +25.0%2.4% CA$3,36513
2023CA$2,638CA$2,741 +12.4%3.9% CA$2,75711
2022CA$2,347CA$2,475 +4.1%6.8% CA$2,549—
2021CA$2,255CA$2,330 −5.3%3.4% CA$2,614—
2020CA$2,381CA$2,416 +28.9%0.7% CA$2,85411
2019CA$1,847CA$1,985 +12.5%1.9% CA$2,230—
2018CA$1,642CA$1,741 +0.6%2.3% CA$2,021—
2017CA$1,633CA$1,641 −1.3%1.6% CA$2,056—
2016CA$1,654CA$1,551 +11.8%1.4% CA$2,115—
2015CA$1,479CA$1,472 +5.8%1.1% CA$1,919—
2014CA$1,398CA$1,374 −3.6%2.0% CA$1,8347.5
2013CA$1,450CA$1,280 −13.0%0.9% CA$1,9398.0
2012CA$1,667CA$1,648 +7.2%1.5% CA$2,249—
2011CA$1,555CA$1,562 +23.2%2.9% CA$2,1308.9
2010CA$1,262CA$1,405 +14.3%1.8% CA$1,7797.4
2009CA$1,104CA$1,144 +19.4%0.3% CA$1,5856.7
2008CA$925CA$1,058 +24.3%2.3% CA$1,3325.7
2007CA$744CA$832 +8.7%2.2% CA$1,0964.7
2006CA$685CA$736 +27.2%2.0% CA$1,0314.5
2005CA$538CA$596 +1.2%2.2% CA$8263.6
2004CA$532CA$523 +6.3%1.8% CA$8343.7
2003CA$500CA$540 +2.7%2.8% CA$7993.6
2002CA$487CA$545 +16.0%2.2% CA$8003.6
2001CA$420CA$428 +1.3%2.5% CA$7053.2
2000CA$415CA$408 +0.1%2.7% CA$7133.2
1999CA$414CA$431 −5.1%1.8% CA$7323.2
1998CA$436CA$427 −4.8%1.0% CA$7853.4
1997CA$458CA$402 −13.3%1.7% CA$8333.7
1996CA$529CA$504 +0.3%1.5% CA$9774.3
1995CA$527CA$531 +0.4%2.2% CA$9884.4
1994CA$525CA$524 +13.0%0.1% CA$1,0064.4
1993CA$464CA$505 +11.8%1.9% CA$8914.0
1992CA$416CA$402 +0.1%1.4% CA$8123.6
1991CA$415CA$405 −7.3%5.6% CA$8233.8
1990CA$448CA$451 −0.8%4.8% CA$937—
1989CA$451CA$472 −16.0%5.1% CA$990—
1988CA$537CA$505 −9.2%3.9% CA$1,239—
1987CA$592CA$642 +15.8%4.4% CA$1,419—
1986CA$511CA$540 +18.0%4.1% CA$1,280—
1985CA$433CA$446 −7.1%4.0% CA$1,130—
1984CA$467CA$399 −10.5%4.3% CA$1,265—
1983CA$522CA$471 +12.6%5.8% CA$1,475—
1982CA$463CA$564 −16.0%10.9% CA$1,386—
1981CA$552CA$477 −23.2%12.5% CA$1,829—
1980CA$719CA$690 +101.3%10.0% CA$2,681—
1979CA$357CA$600 +61.8%9.3% CA$1,465—
1978CA$221CA$258 +40.4%8.9% CA$990—
1977CA$157CA$175 +27.7%8.0% CA$768—
1976CA$123CA$133 −24.8%7.2% CA$650—
1975CA$164CA$143 +5.3%10.7% CA$927—
1974CA$155CA$182 +58.8%11.0% CA$974—
1973CA$97.85CA$112 +69.6%7.8% CA$681—
1972CA$57.69CA$64.30 +39.9%4.8% CA$433—
1971CA$41.23CA$44.05 +9.8%3.0% CA$324—
1970CA$37.54CA$39.03 —3.0% CA$304—

FAQ

Gold Price in Canada by Year

In 2025 an ounce of gold cost about 19 days of work at average Canadian earnings (CA$1,303 per week), against 3.8 days in 1991. Since 1975, gold has risen 7.0% a year in Canadian dollars against inflation of 3.5% a year. Gold averaged CA$4,838 an ounce in 2025.

What was the price of gold in Canada in 1970?

About CA$37.54 an ounce on average (year-end CA$39.03), or about CA$304 in 2025 money after inflation.

What was the price of gold in Canada in 1980?

About CA$719 an ounce on average (year-end CA$690), or about CA$2,681 in 2025 money after inflation.

What was the price of gold in Canada in 1990?

About CA$448 an ounce on average (year-end CA$451), or about CA$937 in 2025 money after inflation.

What was the price of gold in Canada in 2000?

About CA$415 an ounce on average (year-end CA$408), or about CA$713 in 2025 money after inflation. That was 3.2 days of work at average earnings.

What was the price of gold in Canada in 2010?

About CA$1,262 an ounce on average (year-end CA$1,405), or about CA$1,779 in 2025 money after inflation. That was 7.4 days of work at average earnings.

What was the price of gold in Canada in 2020?

About CA$2,381 an ounce on average (year-end CA$2,416), or about CA$2,854 in 2025 money after inflation. That was 11 days of work at average earnings.

Has gold beaten inflation in Canada?

Over 10 years (2015–2025): gold 12.6% a year vs inflation 2.6% a year. Over 20 years (2005–2025): gold 11.6% a year vs inflation 2.2% a year. Over 30 years (1995–2025): gold 7.7% a year vs inflation 2.1% a year. Over 40 years (1985–2025): gold 6.2% a year vs inflation 2.4% a year. Over 50 years (1975–2025): gold 7.0% a year vs inflation 3.5% a year. But not every year: gold's yearly average rose less than prices in 26 of 54 years since 1972, including long stretches in the 1980s and 1990s.

How is "days of work" calculated?

The yearly average gold price in CAD divided by one day's earnings (average weekly earnings divided by five): average weekly earnings including overtime, all employees. It is before tax, and an average: many people earn less or more.

Sources: gold — the London price (to 1999) and COMEX futures closes (from 2000) in US dollars. Inflation — Statistics Canada, Consumer Price Index (table 18-10-0005-01). Wages — Statistics Canada, Survey of Employment, Payrolls and Hours. Exchange rates — Federal Reserve (H.10) and OECD, via FRED (yearly, before 2000). Calculations by Corgano; not endorsed by these bodies. Historical figures, not a forecast or financial advice.

See also: gold price in Canada today · gold adjusted for inflation · gold in India by year · what happens to gold after Fed decisions.