How To Invest In Gold in Canada: A Complete Guide For All Traders
Gold has long been considered a safe-haven asset and a means of diversifying a portfolio, offering protection against inflation and economic uncertainty. Since 2025, the price of gold has continued to rise, constantly reaching new highs. As the price of gold continued to climb in 2026, investors began to focus on gold investments.
For Canadian investors, there are multiple ways to gain exposure to gold—from owning physical bullion to trading gold-linked stocks, ETFs, and even gold digital assets. This guide provides a clear, step-by-step overview of the various methods available for investing in gold in Canada, tailored for both novice and experienced traders.
Table of Contents
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Why Is Gold So Popular Among Investors?
Gold’s appeal spans centuries and cultures. It is considered one of the oldest and most stable forms of investment. Throughout history, it has retained its value during periods of inflation, geopolitical tension and financial market volatility. Unlike fiat currencies or equities, it is a tangible asset with a limited supply and often retains its value when other investments decline.
Many investors include gold in their portfolios for the following reasons:
- Preserve wealth over the long term
- Hedge against inflation and currency depreciation
- Diversify risk beyond traditional stocks and bonds
For Canadians, holding gold can also offer currency diversification, since its price is traded globally in US dollars. This means that investors could benefit from movements in the CAD/USD exchange rate.
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Different Ways to Invest in Gold in Canada
There are several different ways for Canadian investors to gain exposure to gold. Each of these has its own advantages, risks, and logistical considerations.
1. Physical Gold: Bars, Coins and Bullion
One of the most direct ways to invest in gold is by buying physical gold:
Gold Bars and Coins
- Gold bars and bullion are pure gold investments with little to no collectible premium.
- Gold coins—such as the Canadian Maple Leaf — are popular but sometimes carry premiums above spot price.
Where to Buy:
- Major Canadian banks: RBC, Scotiabank, TD, CIBC and BMO sell gold bars and coins in-branch or online. Purchases often have daily limits (e.g., $10,000).
- Royal Canadian Mint: Offers 99.99% pure gold coins in a range of sizes.
- Bullion Dealers and Private Sellers: You can also buy gold online or in person from a trusted dealer. Although no taxes are applied to pure gold bullion, you will have to pay for any delivery, transportation or insurance costs.
If you decide to invest in physical gold, you’ll want to keep a few things in mind: secure storage (a home safe or safety deposit box), insurance, and premiums over the spot price. Authenticity and dealer reputation are also critical when buying physical gold.
2. Gold ETFs and Mutual Funds
If you don’t want the hassle of safely storing gold in your sock drawer, gold ETFs offer a convenient alternative. Gold ETFs either track the price of gold or hold a portfolio of gold-related assets. They are traded like stocks on exchanges and allow you to invest in gold without taking physical delivery.
Typically, these ETFs hold physical gold bullion or invest in gold mining companies. They are traded on stock exchanges such as the TSX, which provides liquidity and ease of transaction. Investors should review management expense ratios (MERs) and establish whether the ETF is physically backed or uses derivatives.
Trading gold ETFs is similar to trading any other type of stock or security in that you will need an account with a brokerage or investment platform through which to execute the trade. Some gold ETFs are physically backed, meaning the funds are backed by physical gold rather than derivatives that follow an index.
If you are looking for certain ETFs to invest in in Canada, there are far too many to list. However, you can get useful insights from the article: Best Gold ETFs To Buy In Canada For 2026
ETFs are low-cost by design, so investing in them is usually more accessible for investors put off by the high purchase price of gold and associated fees. However, it’s important to remember that owning a gold ETF does not mean that you actually own gold; the ETF holds the gold on your behalf and you benefit from its market valuation.
3. Gold Stocks
Rather than buying gold or gold ETFs directly, you could invest in companies that mine gold. Investing in the shares of companies involved in gold mining, streaming or royalties offers indirect exposure. While the price of their stocks may not match the price of physical gold exactly, it will likely be correlated. This gives you exposure to gold as an investment without the risk or hassle of handling physical gold.
It is important to note that the share performance of these companies is influenced by more than just gold prices; operational factors, management efficiency and geopolitical risks also play a part. If you choose this option, you will need to be aware of the risks involved in buying stock, as stocks are notoriously volatile. Although this investment method can leverage gold prices, it comes with higher volatility and company-specific risks compared to owning bullion directly.
For Top Canadian Gold Stock Options, please read the related article: Top Gold Stocks To Buy In Canada 2026
4. Gold Futures, Options, and Derivatives
Futures and options may be attractive to investors willing to take on more risk. With gold futures, you agree to buy or sell gold at a specified price at a future date. With a gold options contract, you enter into an agreement that gives you the option to buy or sell gold if it reaches a certain price by a predetermined date.
Successfully buying gold futures or options requires a brokerage account and an in-depth knowledge of the industry. You will need to monitor your account and the price of gold closely to ensure that you do not miss the opportunity to exercise your options. You may also end up amplifying any losses incurred as futures and options generally involve leveraging, or using borrowed money to purchase securities.
Sophisticated traders may use futures contracts, options or other derivatives to speculate on the price of gold. As these are complex financial instruments traded on exchanges that involve significant leverage and risk, they are generally not recommended for novice investors.
5. Digital Gold and Gold Savings Accounts
As more investors seek convenient and modern ways to invest in precious metals, digital gold has emerged as a rapidly growing trend. Digital gold is real, physical gold that is securely stored by a provider but purchased and owned via a digital platform. Each unit of digital gold that you purchase is backed by a specific weight of gold, which is typically stored in a vault by a licensed custodian.
In Canada, buying digital gold is a safe, flexible and affordable way to gain exposure to precious metals without the hassle of physical storage. Some fintech services now enable Canadians to purchase digital gold, whereby fractional ownership of gold is electronically recorded and stored in insured vaults. This offers the convenience and flexibility of avoiding direct physical handling.
However, there are several risks involved, such as platforms without proof of allocated gold, high fees hidden in the small print, unregulated international sellers and no option for redemption into physical bullion. The safest option for Canadians is to buy digital gold from trusted dealers such as Gold Stock Canada or licensed platforms that guarantee your holdings are backed by real, allocated gold.
Trade Gold on BTCC ⇓
[TRADE_PLUGIN]GOLDUSDT,GOLDUSDT[/TRADE_PLUGIN]
Should You Invest in Gold?
No matter how you choose to invest in gold, there are risks involved. There are several factors that you should consider.
- Inflation: When it comes to inflation, there is no guarantee that the price of gold will rise alongside it. Nevertheless, many investors are willing to take that risk. Sometimes the risk is worth the reward. This is because inflation does not predict the price of gold.
- Politics: There are many factors that influence the price of gold. One of these is political events. These include wars, elections and new government policies.
- Volatility: The price of gold fluctuates over time. It is constantly rising and falling. This doesn’t mean that it’s impossible to make money. You just need to be careful about when you buy and sell. However, it is difficult to predict the price of gold.
- Insurance and Storage: If you choose to buy physical gold, bear in mind that there are extra fees involved. Depending on how you choose to store it, you may incur storage fees. You also need to consider the cost of insurance. As gold is very valuable, insurance protects you from loss and damage.
- Tax Implications: In Canada, gold bullion is generally considered a taxable asset. Capital gains tax applies when sold at a profit, though certain coins may be eligible for HST/GST exemptions. Consult a tax professional for personalized advice.
Ultimately, whether or not to invest in gold depends on you and your financial circumstances. It’s important to remember that past performance does not guarantee future results. The price of gold can change very quickly and dramatically, so it is volatile. Investing in gold always carries a potential risk of loss.
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How to Trade Gold in Canada?
When it comes to investing in gold in Canada, as well as the above-mentioned ways, you can also invest via the BTCC platform. BTCC, one of the world’s longest-running cryptocurrency exchanges, supports tokenized gold futures trading with leverage of up to 150x. Users interested in gold trading can currently use USDT to trade gold commodities on BTCC without having to open an account with other traditional exchanges.
Note: You can deposit and receive up to 30,000 USDT now when you sign up and verify your account on BTCC. Every new user gets a 10 USDT coupon after completing their registration. You will also get an additional 10 USDT coupon on completing your KYC verification.
The following sets forth the detail guidance on how to trade tokenized gold futures on BTCC.
Step 1: Create a BTCC account
Step 2: Complete BTCC’s identity verification
Step 3: Fund your BTCC account
On the BTCC official homepage, choose “Deposite”, and then fund your account with your preferred method
Step 4: Place your tokenized GOLDUSDT futures order
Go back to the BTCC official homepage, choose “Futures” -“USDT-M Perpetual Futures Contract”-“Tokenized Stocks & Commodities”-“GOLDUSDT”.
You can also directly click the button below to enter the gold order page.
[TRADE_PLUGIN]GOLDUSDT,GOLDUSDT[/TRADE_PLUGIN]
Then, choose the contract trading order type. Futures contract orders on BTCC platform include market orders, limit orders and SL/TP orders.
- Market Order: users place orders at the best price in the current market to achieve fast trading.
- Limit Order: Limit orders are a type of order to buy or sell futures at a price more favourable than the market price. When you buy at a price lower than the market price or sell at a price higher than the market price, the order will be in the form of a limit order.
- SL/TP Order: SL/TP orders are a type of order to buy or sell futures at a price less favourable than the market price. When you buy at a price higher than the market price or sell at a price lower than the market price, the order will be in the form of a SL/TP order.
Step Five: adjust the leverage multiple.
Please keep in mind that operating leverage carries the risk of liquidation. Leverage should be adjusted based on your financial status and risk tolerance.
Step Six: choose the lot size and set the SL/TP price .
Step Seven: after setting the basic data information, users can choose to buy (open long) or sell (open short) after entering their ideal price. Traders should remind that the price cannot be higher or lower than the highest buying price or lowest selling price of the platform.
Step Eight: click the buy or sell button, and the tokenized gold futures contract order is completed.
Conclusion
Gold can play a valuable role in a well-rounded Canadian investment portfolio, primarily as a diversifier and a hedge against systemic risk. There are a variety of ways to invest in gold in Canada, ranging from holding physical gold to trading gold-linked ETFs or stocks. The most suitable method for you depends on your individual objectives, time horizon and tolerance of risk and logistical factors.
Whether you opt for physical bullion, gold ETFs, mining stocks or newer digital platforms, thorough research and a clear grasp of the related costs and risks are paramount. As with any investment, the key to using this historic asset effectively is to align your gold holdings with your broader financial plan.
Why Trust BTCC?
BTCC is a trusted and well-respected exchange around the world thanks to its unwavering commitment to security and transparency. Since its establishment in 2011, BTCC has boasted an impeccable security track record, with zero reported hacks or breaches. Holding licenses in the U.S., Canada, and Europe, BTCC provides a comprehensive suite of trading features within a secure and regulated platform.
With a mission of providing a trading platform that is fair and reliable in every sense, BTCC platform supports spot trading for over 360 cryptocurrencies, crypto futures trading with leverage up to 500x, crypto copy trading that allows users to follow experienced traders, demo trading accounts pre-loaded with $100,000 in virtual funds, and tokenized futures for stocks and commodities. If you want to engage in cryptocurrency trading, you can start by signing up for BTCC.
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FAQs
Is there a tax on buying gold in Canada?
If you're considering buying gold in Canada, here's an important tip: investment-grade bullion is exempt from GST/HST. Unlike most products sold across the country, qualified gold bullion does not incur additional tax.
Is investing in gold a good idea in Canada?
If the U.S. or Canadian dollar were to become devalued, gold would almost certainly hold its value. It's a hedge against inflation. Over long periods, gold tends to track the rate of inflation. Ultimately, however, the decision to invest in gold depends on you and your financial circumstances.
How to invest in gold in Canada?
Gold can play a valuable role in a well-rounded Canadian investment portfolio, primarily as a diversifier and a hedge against systemic risk. There are a variety of ways to invest in gold in Canada, such as physical bullion, gold ETFs, mining stocks, or newer digital platforms.
Please be aware that all investments involve risk, including the potential loss of part or all of your invested capital. Past performance is not indicative of future results. You should ensure that you fully understand the risks involved and consider seeking independent professional advice suited to your individual circumstances before making any decision.
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