GOLD PRICE IN JAPANESE YEN — MAY 2, 2008
💱 XAU/JPY · Friday, May 2, 2008
On Friday, May 2, 2008, the gold spot price was C$871.25 per troy ounce in Canadian Dollars, equivalent to ¥90,871.38 JPY per ounce or ¥2,921.58 JPY per gram. Gold rose +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 — MAY 2, 2008
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$871.25 | C$28.01 | C$28,011.30 |
| JPY | ¥90,871.38 | ¥2,921.58 | ¥2,921,578.32 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$868.40 | ¥90,574.12 |
| High | C$872.88 | ¥91,041.38 |
| Low | C$868.40 | ¥90,574.12 |
| Close | C$871.25 | ¥90,871.38 |