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GOLD PRICE IN YUKON — SEPTEMBER 2019

C$1,995.70 avg/oz

During September 2019, gold dealers serving Yukon based pricing on CAD spot prices ranging from C$1,939.85 to C$2,067.84 per ounce, with a monthly average of C$1,995.70. The month opened at C$2,061.15 and closed at C$1,939.85, a loss of C$121.30. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Yukon.

DAILY PRICES — SEPTEMBER 2019

DateClose (CAD)Change
September 3, 2019C$2,061.15+43.63
September 4, 2019C$2,067.84+6.69
September 5, 2019C$2,004.16-63.68
September 6, 2019C$1,992.55-11.61
September 9, 2019C$1,978.10-14.45
September 10, 2019C$1,962.56-15.54
September 11, 2019C$1,964.49+1.93
September 12, 2019C$1,975.96+11.47
September 13, 2019C$1,969.70-6.26
September 16, 2019C$1,986.05+16.35
September 17, 2019C$1,992.87+6.82
September 18, 2019C$1,995.78+2.91
September 19, 2019C$1,991.97-3.81
September 20, 2019C$1,998.27+6.30
September 23, 2019C$2,021.34+23.07
September 24, 2019C$2,031.67+10.33
September 25, 2019C$1,992.18-39.49
September 26, 2019C$1,998.49+6.31
September 27, 2019C$1,989.01-9.48
September 30, 2019C$1,939.85-49.16

📊 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

When to Buy and Sell Gold: Consider buying when gold-to-stock ratios are low and selling when gold exceeds your target allocation. Profit-taking near historical highs and reallocating to undervalued assets can lock in gains. Avoid panic selling during short-term dips — gold rewards patient holders.

Storage Considerations: Home safe (for holdings under C$50,000), bank safe deposit box (limited insurance), or allocated vault storage through dealers like Kitco or Sprott Money (institutional security, insured). Each option involves different cost, convenience, and risk trade-offs.

⚖️ Unit Conversions (CAD)

UnitPrice (CAD)
Per Troy Ounce (31.1g)C$1,995.70
Per GramC$64.16
Per KilogramC$64,163.15
Per Pennyweight (1.555g)C$99.78
Per Tola (11.66g)C$748.39

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