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Gold price per ounce in Canada: $5,593
One troy ounce of pure gold is $5,593 in Canadian dollars (US$3,997 in US dollars). A troy ounce is 31.1 grams, heavier than a regular ounce.
Gold price per ounce.
Spot price for one troy ounce. A 1 oz bar or coin sells for a premium above this.
| Purity | Per troy ounce (31.1 g) | Per gram |
|---|---|---|
| 24K (999) | $5,593 | $179.81 |
| 22K (916) | $5,123 | $164.71 |
International gold price from gold-api.com, converted at the Bank of Canada daily rate (2026-10-23). Updated October 23, 2026, 11:50 pm ET. Prices on this page update live while it’s open.
24K gold, CAD per troy ounce (31.1 g): last 12 months (monthly average)
| Month | 24K gold, CAD per troy ounce (31.1 g) |
|---|---|
| Oct 2025 | $5,676 |
| Nov 2025 | $5,745 |
| Dec 2025 | $5,944 |
| Jan 2026 | $6,545 |
| Feb 2026 | $6,851 |
| Mar 2026 | $6,662 |
| Apr 2026 | $6,493 |
| May 2026 | $6,292 |
| Jun 2026 | $5,934 |
| Jul 2026 | $5,745 |
| Aug 2026 | $6,132 |
| Sep 2026 | $6,035 |
Source: World Bank Commodity Price Data (Pink Sheet), monthly averages, CC BY 4.0; Federal Reserve H.10 via FRED (EXCAUS). Monthly averages, so they differ from the price on any one day.
Longer history: gold price history since 2000.
Ways to buy gold in Canada.
Common questions.
How much is 1 oz of gold in Canada?
$5,592.86 at the international spot price (October 23, 2026, 11:50 pm ET). Expect to pay a premium on top for a 1 oz bar or coin. See 1 oz gold bar price in Canada.
Is a troy ounce the same as an ounce?
No. A troy ounce is 31.1035 grams; a regular (avoirdupois) ounce is 28.35 grams. Gold, silver and platinum are always priced in troy ounces.
Why is the gold price quoted in US dollars?
Gold trades internationally in US dollars. The Canadian price moves with both the gold price and the USD/CAD exchange rate, so a weaker Canadian dollar makes gold more expensive in CAD.
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