GOLD PRICE IN JAPANESE YEN — OCTOBER 8, 2008
💱 XAU/JPY · Wednesday, October 8, 2008
On Wednesday, October 8, 2008, the gold spot price was C$1,017.43 per troy ounce in Canadian Dollars, equivalent to ¥106,117.95 JPY per ounce or ¥3,411.77 JPY per gram. Gold rose +4.87% 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 8, 2008
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,017.43 | C$32.71 | C$32,711.09 |
| JPY | ¥106,117.95 | ¥3,411.77 | ¥3,411,766.34 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$991.07 | ¥103,368.60 |
| High | C$1,031.40 | ¥107,575.02 |
| Low | C$988.82 | ¥103,133.93 |
| Close | C$1,017.43 | ¥106,117.95 |