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GOLD PRICE IN YUKON — MARCH 2024

C$2,926.37 avg/oz

During March 2024, gold dealers serving Yukon based pricing on CAD spot prices ranging from C$2,832.70 to C$3,012.56 per ounce, with a monthly average of C$2,926.37. The month opened at C$2,832.70 and closed at C$3,012.56, a gain of C$179.86. Investment-grade gold (99.5%+ purity) remains GST/HST-exempt in Yukon.

DAILY PRICES — MARCH 2024

DateClose (CAD)Change
March 1, 2024C$2,832.70+55.15
March 4, 2024C$2,869.99+37.29
March 5, 2024C$2,895.59+25.60
March 6, 2024C$2,922.26+26.67
March 7, 2024C$2,916.04-6.22
March 8, 2024C$2,930.65+14.61
March 11, 2024C$2,942.99+12.34
March 12, 2024C$2,911.68-31.31
March 13, 2024C$2,935.29+23.61
March 14, 2024C$2,912.76-22.53
March 15, 2024C$2,920.49+7.73
March 18, 2024C$2,926.91+6.42
March 19, 2024C$2,918.51-8.40
March 20, 2024C$2,928.94+10.43
March 21, 2024C$2,940.11+11.17
March 22, 2024C$2,919.26-20.85
March 25, 2024C$2,960.23+40.97
March 26, 2024C$2,955.47-4.76
March 27, 2024C$2,975.05+19.58
March 28, 2024C$3,012.56+37.51

📊 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$2,926.37
Per GramC$94.08
Per KilogramC$94,084.84
Per Pennyweight (1.555g)C$146.32
Per Tola (11.66g)C$1,097.39

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