GOLD PRICE IN JAPANESE YEN — NOVEMBER 3, 2008
💱 XAU/JPY · Monday, November 3, 2008
On Monday, November 3, 2008, the gold spot price was C$856.12 per troy ounce in Canadian Dollars, equivalent to ¥89,293.32 JPY per ounce or ¥2,870.84 JPY per gram. Gold fell -0.90% 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 — NOVEMBER 3, 2008
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$856.12 | C$27.52 | C$27,524.86 |
| JPY | ¥89,293.32 | ¥2,870.84 | ¥2,870,842.61 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$860.13 | ¥89,711.56 |
| High | C$863.32 | ¥90,044.28 |
| Low | C$860.01 | ¥89,699.04 |
| Close | C$856.12 | ¥89,293.32 |