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GOLD PRICE IN YUKON — AUGUST 2010

C$1,264.75 avg/oz

During August 2010, gold dealers serving Yukon based pricing on CAD spot prices ranging from C$1,210.14 to C$1,323.19 per ounce, with a monthly average of C$1,264.75. The month opened at C$1,210.14 and closed at C$1,323.19, a gain of C$113.05. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Yukon.

DAILY PRICES — AUGUST 2010

DateClose (CAD)Change
August 2, 2010C$1,210.14-6.07
August 3, 2010C$1,213.24+3.10
August 4, 2010C$1,221.87+8.63
August 5, 2010C$1,218.51-3.36
August 6, 2010C$1,223.62+5.11
August 9, 2010C$1,234.52+10.90
August 10, 2010C$1,228.50-6.02
August 11, 2010C$1,233.90+5.40
August 12, 2010C$1,272.62+38.72
August 13, 2010C$1,265.44-7.18
August 16, 2010C$1,274.69+9.25
August 17, 2010C$1,279.93+5.24
August 18, 2010C$1,269.53-10.40
August 19, 2010C$1,267.70-1.83
August 20, 2010C$1,275.67+7.97
August 23, 2010C$1,286.65+10.98
August 24, 2010C$1,296.97+10.32
August 25, 2010C$1,313.86+16.89
August 26, 2010C$1,309.01-4.85
August 27, 2010C$1,307.55-1.46
August 30, 2010C$1,297.43-10.12
August 31, 2010C$1,323.19+25.76

📊 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$1,264.75
Per GramC$40.66
Per KilogramC$40,662.60
Per Pennyweight (1.555g)C$63.24
Per Tola (11.66g)C$474.28

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