GOLD PRICE IN JAPANESE YEN — NOVEMBER 5, 2008
💱 XAU/JPY · Wednesday, November 5, 2008
On Wednesday, November 5, 2008, the gold spot price was C$865.76 per troy ounce in Canadian Dollars, equivalent to ¥90,298.77 JPY per ounce or ¥2,903.17 JPY per gram. Gold fell -0.63% 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 5, 2008
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$865.76 | C$27.83 | C$27,834.79 |
| JPY | ¥90,298.77 | ¥2,903.17 | ¥2,903,168.60 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$884.57 | ¥92,260.65 |
| High | C$884.57 | ¥92,260.65 |
| Low | C$863.08 | ¥90,019.24 |
| Close | C$865.76 | ¥90,298.77 |