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GOLD PRICE IN YUKON — AUGUST 2020

C$2,603.97 avg/oz

During August 2020, gold dealers serving Yukon based pricing on CAD spot prices ranging from C$2,524.60 to C$2,721.27 per ounce, with a monthly average of C$2,603.97. The month opened at C$2,633.89 and closed at C$2,573.68, a loss of C$60.21. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Yukon.

DAILY PRICES — AUGUST 2020

DateClose (CAD)Change
August 3, 2020C$2,633.89+1.23
August 4, 2020C$2,680.41+46.52
August 5, 2020C$2,700.51+20.10
August 6, 2020C$2,721.27+20.76
August 7, 2020C$2,677.13-44.14
August 10, 2020C$2,710.02+32.89
August 11, 2020C$2,580.79-129.23
August 12, 2020C$2,575.45-5.34
August 13, 2020C$2,591.38+15.93
August 14, 2020C$2,560.64-30.74
August 17, 2020C$2,630.60+69.96
August 18, 2020C$2,643.57+12.97
August 19, 2020C$2,576.14-67.43
August 20, 2020C$2,554.98-21.16
August 21, 2020C$2,548.33-6.65
August 24, 2020C$2,540.69-7.64
August 25, 2020C$2,526.94-13.75
August 26, 2020C$2,554.54+27.60
August 27, 2020C$2,524.60-29.94
August 28, 2020C$2,577.87+53.27
August 31, 2020C$2,573.68-4.19

📊 Gold Market Analysis

Gold demand in Canada has grown significantly over the past decade, driven by institutional investors, ETF flows, and retail buyers seeking portfolio diversification. The Royal Canadian Mint's Gold Maple Leaf remains one of the world's most widely traded bullion coins. Central banks worldwide purchased over 1,000 tonnes of gold annually in 2023–2025, led by China, India, and Turkey. This institutional buying has provided a structural floor under gold prices. Canada is unique among G7 nations in holding zero gold reserves since 2016, making private gold ownership more significant for national wealth preservation.

❓ Frequently Asked Questions

❓ Where can I buy gold in my province?

Most Canadians buy gold online from national dealers (Kitco, Sprott Money, SilverGoldBull) with insured shipping to any province. Some metropolitan areas have local coin shops. The Royal Canadian Mint operates a retail store in Ottawa, Ontario.

❓ 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.

💡 Canadian Gold Investor Guide

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.

Physical vs Paper Gold: Physical bullion (bars, coins) provides tangible ownership with no counterparty risk, ideal for long-term holdings. ETFs (CGL.TO, MNT.TO) offer convenience for trading and rebalancing. A combination of both can optimize for both security and flexibility.

⚖️ Unit Conversions (CAD)

UnitPrice (CAD)
Per Troy Ounce (31.1g)C$2,603.97
Per GramC$83.72
Per KilogramC$83,719.46
Per Pennyweight (1.555g)C$130.20
Per Tola (11.66g)C$976.49

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