GOLD PRICE IN YUKON — DECEMBER 2004
During December 2004, gold dealers serving Yukon based pricing on CAD spot prices ranging from C$526.79 to C$545.97 per ounce, with a monthly average of C$538.99. The month opened at C$537.26 and closed at C$526.79, a loss of C$10.47. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Yukon.
DAILY PRICES — DECEMBER 2004
| Date | Close (CAD) | Change |
|---|---|---|
| December 1, 2004 | C$537.26 | +1.25 |
| December 2, 2004 | C$537.91 | +0.65 |
| December 3, 2004 | C$542.50 | +4.59 |
| December 6, 2004 | C$545.27 | +2.77 |
| December 7, 2004 | C$545.97 | +0.70 |
| December 8, 2004 | C$531.77 | -14.20 |
| December 9, 2004 | C$532.63 | +0.86 |
| December 10, 2004 | C$531.01 | -1.62 |
| December 13, 2004 | C$538.88 | +7.87 |
| December 14, 2004 | C$539.47 | +0.59 |
| December 15, 2004 | C$540.11 | +0.64 |
| December 16, 2004 | C$539.18 | -0.93 |
| December 17, 2004 | C$542.77 | +3.59 |
| December 20, 2004 | C$543.80 | +1.03 |
| December 21, 2004 | C$542.62 | -1.18 |
| December 22, 2004 | C$545.75 | +3.13 |
| December 23, 2004 | C$544.95 | -0.80 |
| December 27, 2004 | C$542.43 | -2.52 |
| December 28, 2004 | C$540.49 | -1.94 |
| December 29, 2004 | C$527.17 | -13.32 |
| December 30, 2004 | C$526.79 | -0.38 |
📊 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
When to Buy and Sell Gold: Consider buying when gold-to-stock ratios are low and selling when gold exceeds your target allocation. Profit-taking near historical highs and reallocating to undervalued assets can lock in gains. Avoid panic selling during short-term dips — gold rewards patient holders.
Storage Considerations: Home safe (for holdings under C$50,000), bank safe deposit box (limited insurance), or allocated vault storage through dealers like Kitco or Sprott Money (institutional security, insured). Each option involves different cost, convenience, and risk trade-offs.
⚖️ Unit Conversions (CAD)
| Unit | Price (CAD) |
|---|---|
| Per Troy Ounce (31.1g) | C$538.99 |
| Per Gram | C$17.33 |
| Per Kilogram | C$17,328.91 |
| Per Pennyweight (1.555g) | C$26.95 |
| Per Tola (11.66g) | C$202.12 |
📚 Learn more: How to Buy Gold in Canada · Gold Tax Guide · 25 Year Price Analysis · All Guides