GOLD PRICE IN JAPANESE YEN — OCTOBER 7, 2008
💱 XAU/JPY · Tuesday, October 7, 2008
On Tuesday, October 7, 2008, the gold spot price was C$970.19 per troy ounce in Canadian Dollars, equivalent to ¥101,190.82 JPY per ounce or ¥3,253.36 JPY per gram. Gold rose +2.18% 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 — OCTOBER 7, 2008
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$970.19 | C$31.19 | C$31,192.29 |
| JPY | ¥101,190.82 | ¥3,253.36 | ¥3,253,355.60 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$952.19 | ¥99,313.42 |
| High | C$975.27 | ¥101,720.66 |
| Low | C$947.88 | ¥98,863.88 |
| Close | C$970.19 | ¥101,190.82 |