GOLD PRICE IN JAPANESE YEN — SEPTEMBER 5, 2008
💱 XAU/JPY · Friday, September 5, 2008
On Friday, September 5, 2008, the gold spot price was C$848.41 per troy ounce in Canadian Dollars, equivalent to ¥88,489.16 JPY per ounce or ¥2,844.99 JPY per gram. Gold fell -0.57% 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 — SEPTEMBER 5, 2008
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$848.41 | C$27.28 | C$27,276.98 |
| JPY | ¥88,489.16 | ¥2,844.99 | ¥2,844,988.53 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$845.32 | ¥88,166.88 |
| High | C$860.53 | ¥89,753.28 |
| Low | C$844.58 | ¥88,089.69 |
| Close | C$848.41 | ¥88,489.16 |