GOLD PRICE IN JAPANESE YEN — OCTOBER 16, 2007
💱 XAU/JPY · Tuesday, October 16, 2007
On Tuesday, October 16, 2007, the gold spot price was C$741.10 per troy ounce in Canadian Dollars, equivalent to ¥77,296.73 JPY per ounce or ¥2,485.15 JPY per gram. Gold rose +0.37% 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 — OCTOBER 16, 2007
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$741.10 | C$23.83 | C$23,826.88 |
| JPY | ¥77,296.73 | ¥2,485.15 | ¥2,485,143.98 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$746.39 | ¥77,848.48 |
| High | C$746.39 | ¥77,848.48 |
| Low | C$740.22 | ¥77,204.95 |
| Close | C$741.10 | ¥77,296.73 |