GOLD PRICE IN JAPANESE YEN — JANUARY 16, 2008
💱 XAU/JPY · Wednesday, January 16, 2008
On Wednesday, January 16, 2008, the gold spot price was C$900.50 per troy ounce in Canadian Dollars, equivalent to ¥93,922.15 JPY per ounce or ¥3,019.66 JPY per gram. Gold fell -1.82% 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 — JANUARY 16, 2008
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$900.50 | C$28.95 | C$28,951.71 |
| JPY | ¥93,922.15 | ¥3,019.66 | ¥3,019,662.87 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$900.40 | ¥93,911.72 |
| High | C$905.82 | ¥94,477.03 |
| Low | C$900.40 | ¥93,911.72 |
| Close | C$900.50 | ¥93,922.15 |