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GOLD PRICE IN YUKON — NOVEMBER 2007

C$778.65 avg/oz

During November 2007, gold dealers serving Yukon based pricing on CAD spot prices ranging from C$751.56 to C$817.08 per ounce, with a monthly average of C$778.65. The month opened at C$751.56 and closed at C$782.51, a gain of C$30.95. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Yukon.

DAILY PRICES — NOVEMBER 2007

DateClose (CAD)Change
November 1, 2007C$751.56+1.77
November 2, 2007C$752.85+1.29
November 5, 2007C$753.88+1.03
November 6, 2007C$754.07+0.19
November 7, 2007C$775.57+21.50
November 8, 2007C$780.74+5.17
November 9, 2007C$781.38+0.64
November 12, 2007C$780.98-0.40
November 13, 2007C$763.24-17.74
November 14, 2007C$784.87+21.63
November 15, 2007C$774.27-10.60
November 16, 2007C$763.94-10.33
November 19, 2007C$764.22+0.28
November 20, 2007C$775.76+11.54
November 21, 2007C$787.39+11.63
November 23, 2007C$815.10+27.71
November 26, 2007C$817.08+1.98
November 27, 2007C$810.20-6.88
November 28, 2007C$789.38-20.82
November 29, 2007C$792.76+3.38
November 30, 2007C$782.51-10.25

📊 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$778.65
Per GramC$25.03
Per KilogramC$25,034.14
Per Pennyweight (1.555g)C$38.93
Per Tola (11.66g)C$291.99

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