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GOLD PRICE IN YUKON — FEBRUARY 2016

C$1,659.17 avg/oz

During February 2016, gold dealers serving Yukon based pricing on CAD spot prices ranging from C$1,572.58 to C$1,737.45 per ounce, with a monthly average of C$1,659.17. The month opened at C$1,575.99 and closed at C$1,671.56, a gain of C$95.57. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Yukon.

DAILY PRICES — FEBRUARY 2016

DateClose (CAD)Change
February 1, 2016C$1,575.99+9.20
February 2, 2016C$1,572.58-3.41
February 3, 2016C$1,604.67+32.09
February 4, 2016C$1,596.82-7.85
February 5, 2016C$1,592.58-4.24
February 8, 2016C$1,663.04+70.46
February 9, 2016C$1,669.19+6.15
February 10, 2016C$1,658.63-10.56
February 11, 2016C$1,737.45+78.82
February 12, 2016C$1,724.37-13.08
February 16, 2016C$1,669.55-54.82
February 17, 2016C$1,679.21+9.66
February 18, 2016C$1,676.99-2.22
February 19, 2016C$1,690.31+13.32
February 22, 2016C$1,667.78-22.53
February 23, 2016C$1,674.92+7.14
February 24, 2016C$1,709.03+34.11
February 25, 2016C$1,696.71-12.32
February 26, 2016C$1,652.10-44.61
February 29, 2016C$1,671.56+19.46

📊 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$1,659.17
Per GramC$53.34
Per KilogramC$53,343.48
Per Pennyweight (1.555g)C$82.96
Per Tola (11.66g)C$622.19

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