Home›Provinces›Yukon›March 2006

GOLD PRICE IN YUKON — MARCH 2006

C$645.58 avg/oz

During March 2006, gold dealers serving Yukon based pricing on CAD spot prices ranging from C$626.61 to C$679.28 per ounce, with a monthly average of C$645.58. The month opened at C$639.74 and closed at C$679.19, a gain of C$39.45. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Yukon.

DAILY PRICES — MARCH 2006

DateClose (CAD)Change
March 1, 2006C$639.74+1.26
March 2, 2006C$643.26+3.52
March 3, 2006C$641.62-1.64
March 6, 2006C$632.42-9.20
March 7, 2006C$635.38+2.96
March 8, 2006C$627.51-7.87
March 9, 2006C$633.27+5.76
March 10, 2006C$626.61-6.66
March 13, 2006C$632.22+5.61
March 14, 2006C$638.32+6.10
March 15, 2006C$638.55+0.23
March 16, 2006C$639.17+0.62
March 17, 2006C$641.65+2.48
March 20, 2006C$644.20+2.55
March 21, 2006C$642.39-1.81
March 22, 2006C$642.07-0.32
March 23, 2006C$641.09-0.98
March 24, 2006C$653.46+12.37
March 27, 2006C$662.48+9.02
March 28, 2006C$662.58+0.10
March 29, 2006C$671.84+9.26
March 30, 2006C$679.28+7.44
March 31, 2006C$679.19-0.09

📊 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$645.58
Per GramC$20.76
Per KilogramC$20,755.85
Per Pennyweight (1.555g)C$32.28
Per Tola (11.66g)C$242.09

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