GOLD PRICE IN JAPANESE YEN — OCTOBER 29, 2008

On Wednesday, October 29, 2008, the gold spot price was C$920.07 per troy ounce in Canadian Dollars, equivalent to ¥95,963.30 JPY per ounce or ¥3,085.29 JPY per gram. Gold fell -1.87% 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.