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GOLD PRICE IN YUKON — MAY 2022

C$2,373.62 avg/oz

During May 2022, gold dealers serving Yukon based pricing on CAD spot prices ranging from C$2,325.82 to C$2,414.16 per ounce, with a monthly average of C$2,373.62. The month opened at C$2,392.97 and closed at C$2,331.97, a loss of C$61.00. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Yukon.

DAILY PRICES — MAY 2022

DateClose (CAD)Change
May 2, 2022C$2,392.97-51.81
May 3, 2022C$2,405.89+12.92
May 4, 2022C$2,396.07-9.82
May 5, 2022C$2,386.95-9.12
May 6, 2022C$2,413.02+26.07
May 9, 2022C$2,399.04-13.98
May 10, 2022C$2,393.42-5.62
May 11, 2022C$2,414.16+20.74
May 12, 2022C$2,369.92-44.24
May 13, 2022C$2,353.80-16.12
May 16, 2022C$2,340.68-13.12
May 17, 2022C$2,336.39-4.29
May 18, 2022C$2,325.82-10.57
May 19, 2022C$2,372.24+46.42
May 20, 2022C$2,361.11-11.13
May 23, 2022C$2,367.40+6.29
May 24, 2022C$2,384.92+17.52
May 25, 2022C$2,367.27-17.65
May 26, 2022C$2,368.40+1.13
May 27, 2022C$2,364.67-3.73
May 31, 2022C$2,331.97-32.70

📊 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$2,373.62
Per GramC$76.31
Per KilogramC$76,313.54
Per Pennyweight (1.555g)C$118.68
Per Tola (11.66g)C$890.11

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