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GOLD PRICE IN YUKON — DECEMBER 2015

C$1,464.33 avg/oz

During December 2015, gold dealers serving Yukon based pricing on CAD spot prices ranging from C$1,408.41 to C$1,508.82 per ounce, with a monthly average of C$1,464.33. The month opened at C$1,420.05 and closed at C$1,470.85, a gain of C$50.80. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Yukon.

DAILY PRICES — DECEMBER 2015

DateClose (CAD)Change
December 1, 2015C$1,420.05-4.60
December 2, 2015C$1,408.41-11.64
December 3, 2015C$1,417.15+8.74
December 4, 2015C$1,447.47+30.32
December 7, 2015C$1,441.08-6.39
December 8, 2015C$1,453.91+12.83
December 9, 2015C$1,463.32+9.41
December 10, 2015C$1,455.87-7.45
December 11, 2015C$1,468.14+12.27
December 14, 2015C$1,462.47-5.67
December 15, 2015C$1,459.03-3.44
December 16, 2015C$1,479.92+20.89
December 17, 2015C$1,449.05-30.87
December 18, 2015C$1,484.58+35.53
December 21, 2015C$1,508.82+24.24
December 22, 2015C$1,499.54-9.28
December 23, 2015C$1,488.50-11.04
December 24, 2015C$1,492.14+3.64
December 28, 2015C$1,481.25-10.89
December 29, 2015C$1,497.08+15.83
December 30, 2015C$1,466.54-30.54
December 31, 2015C$1,470.85+4.31

📊 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$1,464.33
Per GramC$47.08
Per KilogramC$47,079.23
Per Pennyweight (1.555g)C$73.22
Per Tola (11.66g)C$549.12

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