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GOLD PRICE IN YUKON — APRIL 2014

C$1,427.64 avg/oz

During April 2014, gold dealers serving Yukon based pricing on CAD spot prices ranging from C$1,410.97 to C$1,456.76 per ounce, with a monthly average of C$1,427.64. The month opened at C$1,414.21 and closed at C$1,418.94, a gain of C$4.73. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Yukon.

DAILY PRICES — APRIL 2014

DateClose (CAD)Change
April 1, 2014C$1,414.21-3.95
April 2, 2014C$1,423.16+8.95
April 3, 2014C$1,416.56-6.60
April 4, 2014C$1,437.95+21.39
April 7, 2014C$1,425.19-12.76
April 8, 2014C$1,436.36+11.17
April 9, 2014C$1,426.78-9.58
April 10, 2014C$1,436.27+9.49
April 11, 2014C$1,441.79+5.52
April 14, 2014C$1,456.76+14.97
April 15, 2014C$1,425.84-30.92
April 16, 2014C$1,431.38+5.54
April 17, 2014C$1,423.90-7.48
April 21, 2014C$1,419.48-4.42
April 22, 2014C$1,410.97-8.51
April 23, 2014C$1,416.00+5.03
April 24, 2014C$1,423.49+7.49
April 25, 2014C$1,433.50+10.01
April 28, 2014C$1,433.21-0.29
April 29, 2014C$1,428.72-4.49
April 30, 2014C$1,418.94-9.78

📊 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$1,427.64
Per GramC$45.90
Per KilogramC$45,899.63
Per Pennyweight (1.555g)C$71.38
Per Tola (11.66g)C$535.37

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