GOLD PRICE IN JAPANESE YEN — OCTOBER 16, 2008
💱 XAU/JPY · Thursday, October 16, 2008
On Thursday, October 16, 2008, the gold spot price was C$945.93 per troy ounce in Canadian Dollars, equivalent to ¥98,660.50 JPY per ounce or ¥3,172.01 JPY per gram. Gold fell -5.02% 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 16, 2008
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$945.93 | C$30.41 | C$30,412.31 |
| JPY | ¥98,660.50 | ¥3,172.01 | ¥3,172,004.11 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$998.45 | ¥104,138.34 |
| High | C$998.45 | ¥104,138.34 |
| Low | C$932.36 | ¥97,245.15 |
| Close | C$945.93 | ¥98,660.50 |