GOLD PRICE IN JAPANESE YEN — OCTOBER 20, 2008
💱 XAU/JPY · Monday, October 20, 2008
On Monday, October 20, 2008, the gold spot price was C$940.24 per troy ounce in Canadian Dollars, equivalent to ¥98,067.03 JPY per ounce or ¥3,152.93 JPY per gram. Gold rose +1.35% 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 20, 2008
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$940.24 | C$30.23 | C$30,229.37 |
| JPY | ¥98,067.03 | ¥3,152.93 | ¥3,152,923.73 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$959.58 | ¥100,084.19 |
| High | C$959.58 | ¥100,084.19 |
| Low | C$940.12 | ¥98,054.52 |
| Close | C$940.24 | ¥98,067.03 |