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GOLD PRICE IN YUKON — JUNE 2012

C$1,645.18 avg/oz

During June 2012, gold dealers serving Yukon based pricing on CAD spot prices ranging from C$1,588.43 to C$1,692.87 per ounce, with a monthly average of C$1,645.18. The month opened at C$1,673.98 and closed at C$1,657.06, a loss of C$16.92. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Yukon.

DAILY PRICES — JUNE 2012

DateClose (CAD)Change
June 1, 2012C$1,673.98+64.35
June 4, 2012C$1,682.64+8.66
June 5, 2012C$1,676.42-6.22
June 6, 2012C$1,692.87+16.45
June 7, 2012C$1,631.82-61.05
June 8, 2012C$1,633.35+1.53
June 11, 2012C$1,629.80-3.55
June 12, 2012C$1,662.21+32.41
June 13, 2012C$1,660.66-1.55
June 14, 2012C$1,664.20+3.54
June 15, 2012C$1,664.66+0.46
June 18, 2012C$1,658.75-5.91
June 19, 2012C$1,658.05-0.70
June 20, 2012C$1,643.54-14.51
June 21, 2012C$1,595.16-48.38
June 22, 2012C$1,610.79+15.63
June 25, 2012C$1,629.73+18.94
June 26, 2012C$1,619.19-10.54
June 27, 2012C$1,615.52-3.67
June 28, 2012C$1,588.43-27.09
June 29, 2012C$1,657.06+68.63

📊 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$1,645.18
Per GramC$52.89
Per KilogramC$52,893.69
Per Pennyweight (1.555g)C$82.26
Per Tola (11.66g)C$616.94

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