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GOLD PRICE IN YUKON — JANUARY 2008

C$899.98 avg/oz

During January 2008, gold dealers serving Yukon based pricing on CAD spot prices ranging from C$852.20 to C$931.36 per ounce, with a monthly average of C$899.98. The month opened at C$852.20 and closed at C$923.90, a gain of C$71.70. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Yukon.

DAILY PRICES — JANUARY 2008

DateClose (CAD)Change
January 2, 2008C$852.20+19.30
January 3, 2008C$856.70+4.50
January 4, 2008C$862.06+5.36
January 7, 2008C$864.33+2.27
January 8, 2008C$882.21+17.88
January 9, 2008C$887.94+5.73
January 10, 2008C$899.37+11.43
January 11, 2008C$913.57+14.20
January 14, 2008C$917.29+3.72
January 15, 2008C$917.22-0.07
January 16, 2008C$900.50-16.72
January 17, 2008C$905.62+5.12
January 18, 2008C$904.76-0.86
January 22, 2008C$913.98+9.22
January 23, 2008C$903.33-10.65
January 24, 2008C$909.39+6.06
January 25, 2008C$914.23+4.84
January 28, 2008C$931.36+17.13
January 29, 2008C$923.53-7.83
January 30, 2008C$916.00-7.53
January 31, 2008C$923.90+7.90

📊 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$899.98
Per GramC$28.94
Per KilogramC$28,934.99
Per Pennyweight (1.555g)C$45.00
Per Tola (11.66g)C$337.49

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