GOLD PRICE IN JAPANESE YEN — FEBRUARY 29, 2008
💱 XAU/JPY · Friday, February 29, 2008
On Friday, February 29, 2008, the gold spot price was C$959.46 per troy ounce in Canadian Dollars, equivalent to ¥100,071.68 JPY per ounce or ¥3,217.38 JPY per gram. Gold rose +1.92% 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 — FEBRUARY 29, 2008
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$959.46 | C$30.85 | C$30,847.31 |
| JPY | ¥100,071.68 | ¥3,217.38 | ¥3,217,374.50 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$958.77 | ¥99,999.71 |
| High | C$960.45 | ¥100,174.94 |
| Low | C$950.97 | ¥99,186.17 |
| Close | C$959.46 | ¥100,071.68 |