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GOLD PRICE IN YUKON — SEPTEMBER 2000

C$369.08 avg/oz

During September 2000, gold dealers serving Yukon based pricing on CAD spot prices ranging from C$363.15 to C$375.84 per ounce, with a monthly average of C$369.08. The month opened at C$373.95 and closed at C$369.36, a loss of C$4.59. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Yukon.

DAILY PRICES — SEPTEMBER 2000

DateClose (CAD)Change
September 1, 2000C$373.95-1.75
September 5, 2000C$372.33-1.62
September 6, 2000C$370.17-2.16
September 7, 2000C$369.90-0.27
September 8, 2000C$368.95-0.95
September 11, 2000C$368.69-0.26
September 12, 2000C$368.41-0.28
September 13, 2000C$368.28-0.13
September 14, 2000C$367.74-0.54
September 15, 2000C$367.60-0.14
September 18, 2000C$366.39-1.21
September 19, 2000C$367.06+0.67
September 20, 2000C$363.15-3.91
September 21, 2000C$364.90+1.75
September 22, 2000C$366.93+2.03
September 25, 2000C$370.04+3.11
September 26, 2000C$369.76-0.28
September 27, 2000C$375.84+6.08
September 28, 2000C$372.06-3.78
September 29, 2000C$369.36-2.70

📊 Gold Market Analysis

For Canadian investors, understanding the relationship between the USD/CAD exchange rate and gold pricing is essential. A weakening Canadian Dollar amplifies gold returns in CAD terms, while a strengthening CAD can dampen returns even when USD-denominated gold rises. Gold has historically outperformed during periods of negative real interest rates — when inflation exceeds the Bank of Canada's overnight rate. Canadian investors use gold as a hedge against purchasing power erosion, particularly when CPI exceeds 3%. The correlation between gold and the inverse of real rates makes it a strategic allocation in balanced portfolios.

❓ Frequently Asked Questions

❓ Is gold taxed in Canadian provinces?

Investment-grade gold bullion (99.5%+ purity) is exempt from GST/HST in all Canadian provinces under the federal Excise Tax Act. However, provincial policies may vary for numismatic coins, gold jewelry, and gold items below the purity threshold.

❓ Does provincial tax rate affect gold investment returns?

While GST/HST-exempt gold itself is unaffected by provincial tax rates, the marginal tax rate in your province affects capital gains taxes when selling gold. Provinces with lower marginal rates provide a slight advantage for non-registered gold profits.

❓ What about capital gains tax on gold?

Gold sold at a profit outside registered accounts (RRSP/TFSA) triggers capital gains tax in all provinces. In Canada, 50% of the gain is included in taxable income at your marginal rate. Keep purchase receipts for adjusted cost base calculations.

💡 Canadian Gold Investor Guide

Dollar-Cost Averaging (DCA): Buy a fixed CAD amount of gold each month — say C$500. This strategy reduces the impact of short-term volatility and removes the stress of timing the market. Over 10+ years, DCA has historically produced returns close to the annual average gold price.

Portfolio Allocation: Most Canadian financial planners recommend allocating 5–15% of a diversified portfolio to gold and precious metals. This allocation provides downside protection during equity bear markets while maintaining growth potential during inflationary periods.

⚖️ Unit Conversions (CAD)

UnitPrice (CAD)
Per Troy Ounce (31.1g)C$369.08
Per GramC$11.87
Per KilogramC$11,866.18
Per Pennyweight (1.555g)C$18.45
Per Tola (11.66g)C$138.41

📚 Learn more: How to Buy Gold in Canada · Gold Tax Guide · 25 Year Price Analysis · All Guides