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GOLD PRICE IN YUKON — OCTOBER 2017

C$1,609.09 avg/oz

During October 2017, gold dealers serving Yukon based pricing on CAD spot prices ranging from C$1,584.71 to C$1,634.84 per ounce, with a monthly average of C$1,609.09. The month opened at C$1,587.46 and closed at C$1,624.84, a gain of C$37.38. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Yukon.

DAILY PRICES — OCTOBER 2017

DateClose (CAD)Change
October 2, 2017C$1,587.46-6.25
October 3, 2017C$1,591.54+4.08
October 4, 2017C$1,590.88-0.66
October 5, 2017C$1,584.71-6.17
October 6, 2017C$1,598.25+13.54
October 9, 2017C$1,606.90+8.65
October 10, 2017C$1,620.06+13.16
October 11, 2017C$1,608.28-11.78
October 12, 2017C$1,609.95+1.67
October 13, 2017C$1,623.62+13.67
October 16, 2017C$1,621.89-1.73
October 17, 2017C$1,606.70-15.19
October 18, 2017C$1,599.62-7.08
October 19, 2017C$1,604.22+4.60
October 20, 2017C$1,594.28-9.94
October 23, 2017C$1,614.63+20.35
October 24, 2017C$1,611.47-3.16
October 25, 2017C$1,616.06+4.59
October 26, 2017C$1,619.98+3.92
October 27, 2017C$1,629.77+9.79
October 30, 2017C$1,634.84+5.07
October 31, 2017C$1,624.84-10.00

📊 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$1,609.09
Per GramC$51.73
Per KilogramC$51,733.37
Per Pennyweight (1.555g)C$80.45
Per Tola (11.66g)C$603.41

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