GOLD PRICE IN YUKON — JANUARY 2004
During January 2004, gold dealers serving Yukon based pricing on CAD spot prices ranging from C$528.06 to C$549.75 per ounce, with a monthly average of C$537.64. The month opened at C$543.74 and closed at C$532.39, a loss of C$11.35. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Yukon.
DAILY PRICES — JANUARY 2004
| Date | Close (CAD) | Change |
|---|---|---|
| January 5, 2004 | C$543.74 | +4.49 |
| January 6, 2004 | C$543.97 | +0.23 |
| January 7, 2004 | C$544.04 | +0.07 |
| January 8, 2004 | C$542.17 | -1.87 |
| January 9, 2004 | C$543.11 | +0.94 |
| January 12, 2004 | C$544.00 | +0.89 |
| January 13, 2004 | C$538.52 | -5.48 |
| January 14, 2004 | C$543.78 | +5.26 |
| January 15, 2004 | C$529.20 | -14.58 |
| January 16, 2004 | C$528.06 | -1.14 |
| January 20, 2004 | C$533.00 | +4.94 |
| January 21, 2004 | C$534.35 | +1.35 |
| January 22, 2004 | C$530.79 | -3.56 |
| January 23, 2004 | C$535.04 | +4.25 |
| January 26, 2004 | C$533.66 | -1.38 |
| January 27, 2004 | C$535.58 | +1.92 |
| January 28, 2004 | C$549.75 | +14.17 |
| January 29, 2004 | C$530.01 | -19.74 |
| January 30, 2004 | C$532.39 | +2.38 |
📊 Gold Market Analysis
❓ 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
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.
Tax-Efficient Gold Investing: Maximize TFSA contributions first — all gold gains are 100% tax-free. Then use RRSP for tax-deductible contributions where gains are tax-deferred. Keep non-registered gold purchases for emergency reserves, as the capital gains inclusion rate is 50%.
⚖️ Unit Conversions (CAD)
| Unit | Price (CAD) |
|---|---|
| Per Troy Ounce (31.1g) | C$537.64 |
| Per Gram | C$17.29 |
| Per Kilogram | C$17,285.50 |
| Per Pennyweight (1.555g) | C$26.88 |
| Per Tola (11.66g) | C$201.62 |
📚 Learn more: How to Buy Gold in Canada · Gold Tax Guide · 25 Year Price Analysis · All Guides