GOLD PRICE IN JAPANESE YEN — MAY 16, 2008
💱 XAU/JPY · Friday, May 16, 2008
On Friday, May 16, 2008, the gold spot price was C$899.00 per troy ounce in Canadian Dollars, equivalent to ¥93,765.70 JPY per ounce or ¥3,014.64 JPY per gram. Gold rose +2.32% 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 16, 2008
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$899.00 | C$28.90 | C$28,903.48 |
| JPY | ¥93,765.70 | ¥3,014.64 | ¥3,014,632.89 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$892.00 | ¥93,035.60 |
| High | C$904.20 | ¥94,308.06 |
| Low | C$892.00 | ¥93,035.60 |
| Close | C$899.00 | ¥93,765.70 |