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GOLD PRICE IN YUKON — FEBRUARY 2002

C$399.89 avg/oz

During February 2002, gold dealers serving Yukon based pricing on CAD spot prices ranging from C$386.10 to C$409.73 per ounce, with a monthly average of C$399.89. The month opened at C$386.10 and closed at C$400.55, a gain of C$14.45. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Yukon.

DAILY PRICES — FEBRUARY 2002

DateClose (CAD)Change
February 1, 2002C$386.10+5.26
February 4, 2002C$390.55+4.45
February 5, 2002C$402.57+12.02
February 6, 2002C$401.63-0.94
February 7, 2002C$404.60+2.97
February 8, 2002C$409.73+5.13
February 11, 2002C$405.14-4.59
February 12, 2002C$405.95+0.81
February 13, 2002C$404.19-1.76
February 14, 2002C$404.60+0.41
February 15, 2002C$402.84-1.76
February 19, 2002C$395.82-7.02
February 20, 2002C$394.60-1.22
February 21, 2002C$395.82+1.22
February 22, 2002C$395.82+0.00
February 25, 2002C$395.15-0.67
February 26, 2002C$402.30+7.15
February 27, 2002C$400.00-2.30
February 28, 2002C$400.55+0.55

📊 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. Geopolitical tensions — including trade wars, military conflicts, and sanctions — historically drive gold higher as investors seek safe-haven assets. The Canadian Dollar, as a commodity currency tied to oil prices, can weaken independently during global uncertainty, creating a double tailwind for gold priced in CAD.

❓ Frequently Asked Questions

❓ 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.

❓ Where can I buy gold in my province?

Most Canadians buy gold online from national dealers (Kitco, Sprott Money, SilverGoldBull) with insured shipping to any province. Some metropolitan areas have local coin shops. The Royal Canadian Mint operates a retail store in Ottawa, Ontario.

💡 Canadian Gold Investor Guide

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.

Physical vs Paper Gold: Physical bullion (bars, coins) provides tangible ownership with no counterparty risk, ideal for long-term holdings. ETFs (CGL.TO, MNT.TO) offer convenience for trading and rebalancing. A combination of both can optimize for both security and flexibility.

⚖️ Unit Conversions (CAD)

UnitPrice (CAD)
Per Troy Ounce (31.1g)C$399.89
Per GramC$12.86
Per KilogramC$12,856.74
Per Pennyweight (1.555g)C$19.99
Per Tola (11.66g)C$149.96

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