GOLD PRICE IN JAPANESE YEN — DECEMBER 8, 2004
💱 XAU/JPY · Wednesday, December 8, 2004
On Wednesday, December 8, 2004, the gold spot price was C$531.77 per troy ounce in Canadian Dollars, equivalent to ¥55,463.61 JPY per ounce or ¥1,783.20 JPY per gram. Gold fell -2.60% from the previous trading session.
Currency fluctuations between CAD and JPY significantly impact the effective cost of gold for international investors. Japan is the world's third-largest economy and a significant gold consumer, particularly for jewelry and industrial applications. The Bank of Japan's ultra-loose monetary policy has historically supported higher gold prices in Yen terms, making Japan an active gold market for both institutional and retail investors.
PRICE COMPARISON — DECEMBER 8, 2004
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$531.77 | C$17.10 | C$17,096.78 |
| JPY | ¥55,463.61 | ¥1,783.20 | ¥1,783,193.92 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$546.12 | ¥56,960.32 |
| High | C$547.34 | ¥57,087.56 |
| Low | C$527.87 | ¥55,056.84 |
| Close | C$531.77 | ¥55,463.61 |