GOLD PRICE IN JAPANESE YEN — OCTOBER 31, 2008
💱 XAU/JPY · Friday, October 31, 2008
On Friday, October 31, 2008, the gold spot price was C$863.89 per troy ounce in Canadian Dollars, equivalent to ¥90,103.73 JPY per ounce or ¥2,896.90 JPY per gram. Gold fell -2.70% 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 31, 2008
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$863.89 | C$27.77 | C$27,774.67 |
| JPY | ¥90,103.73 | ¥2,896.90 | ¥2,896,897.90 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$881.48 | ¥91,938.36 |
| High | C$887.03 | ¥92,517.23 |
| Low | C$865.82 | ¥90,305.03 |
| Close | C$863.89 | ¥90,103.73 |