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GOLD PRICE IN YUKON — JULY 2002

C$422.93 avg/oz

During July 2002, gold dealers serving Yukon based pricing on CAD spot prices ranging from C$408.38 to C$437.26 per ounce, with a monthly average of C$422.93. The month opened at C$423.90 and closed at C$409.32, a loss of C$14.58. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Yukon.

DAILY PRICES — JULY 2002

DateClose (CAD)Change
July 1, 2002C$423.90+0.67
July 2, 2002C$422.28-1.62
July 3, 2002C$419.71-2.57
July 8, 2002C$421.34+1.63
July 9, 2002C$426.74+5.40
July 10, 2002C$424.85-1.89
July 11, 2002C$428.22+3.37
July 12, 2002C$426.06-2.16
July 15, 2002C$431.46+5.40
July 16, 2002C$428.22-3.24
July 17, 2002C$428.49+0.27
July 18, 2002C$427.95-0.54
July 19, 2002C$437.26+9.31
July 22, 2002C$436.86-0.40
July 23, 2002C$422.15-14.71
July 24, 2002C$420.53-1.62
July 25, 2002C$418.23-2.30
July 26, 2002C$409.59-8.64
July 29, 2002C$408.38-1.21
July 30, 2002C$410.00+1.62
July 31, 2002C$409.32-0.68

📊 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$422.93
Per GramC$13.60
Per KilogramC$13,597.50
Per Pennyweight (1.555g)C$21.15
Per Tola (11.66g)C$158.60

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