If you have gold jewellery sitting in a drawer, an inherited ring you never wear, or a bag of old silver coins gathering dust, there has never been a better time to find out what they are worth. Gold prices in Canada have reached levels that would have seemed impossible just a few years ago — and for anyone considering selling, 2026 presents a genuinely extraordinary opportunity.
At Five Star Gold Exchange in Coquitlam, we are seeing more clients than ever come through our doors — and many of them are surprised by how much their items are worth at todays prices. This post explains what is driving the gold market, what it means for everyday sellers in the Lower Mainland, and how to make the most of this historic moment.
As of March 2026, 24-karat gold is trading at approximately $214–$221 CAD per gram — or roughly $6,700 per ounce. To put that in perspective, gold was around $2,300 CAD per ounce just five years ago. That is nearly a tripling in price in half a decade.
For a seller, what this means in practice is dramatic. A simple 18K gold necklace weighing 10 grams — something you might have worn to a work event years ago and forgotten about — could now fetch over $1,600 CAD at a professional buyers current prices. Five years ago, that same necklace might have brought in $500–$600.
Several forces have converged to push gold to all-time highs, and understanding them helps you decide whether to sell now or wait.
1. Global Economic Uncertainty
When economies are unstable, investors around the world move money into gold because it holds value when currencies do not. Ongoing geopolitical tensions, inflation concerns, and shifts in global trade have all contributed to surging demand for gold as a safe-haven asset.
2. A Weaker Canadian Dollar
Gold is priced globally in US dollars. When the Canadian dollar weakens against the USD, the CAD price of gold rises even if the international spot price stays the same. Canadian sellers benefit directly from this currency effect.
3. Central Bank Buying
Governments around the world — particularly in emerging economies — have been aggressively adding gold to their reserves. This institutional demand has put consistent upward pressure on the global gold price.
4. Limited Supply
Gold is finite. New mine production has not kept pace with global demand, and the existing above-ground supply of refined gold grows slowly. This fundamental scarcity supports long-term price strength.
This is the question we hear most often at our Coquitlam office. The honest answer is: no one can predict the peak. Gold could continue rising — some analysts forecast prices climbing further. But it could also correct. Waiting for the absolute top is a gamble even professional investors rarely win.
What we do know is that todays prices are historically exceptional. If you have gold or silver that you do not need, do not wear, or inherited and are not emotionally attached to, selling at current prices locks in a gain that would have seemed unimaginable a decade ago.
At current gold prices, pieces that many people think of as modest or low-value are generating meaningful payouts. Here is a rough guide:
These are approximate figures based on current buying prices at Five Star Gold Exchange. Actual amounts depend on exact weight and karat. Our live buying prices are always published on our website so you can check before you visit.
Five Star Gold Exchange is a BBB-accredited, owner-operated gold buying office in Coquitlam, serving the entire Lower Mainland. Unlike pawn shops, mall kiosks, or travelling hotel buyers, we operate from a permanent professional office and meet personally with every client — Laszlo and Colton, a father-and-son team with over 20 years of experience in the precious metals trade. Our prices are based on live market rates, updated in real time. Our evaluation is free and our process is fully transparent — you watch every step, from karat identification to the weight measurement to the final calculation. There is no pressure and no obligation. If you accept our offer, we pay the same day.
Five Star Gold Exchange — Coquitlam, BC | By Appointment Only
#230 – 1140 Austin Ave, Coquitlam, BC | View Live Prices at fsge.ca