GOLD PRICE IN JAPANESE YEN — NOVEMBER 7, 2008
💱 XAU/JPY · Friday, November 7, 2008
On Friday, November 7, 2008, the gold spot price was C$867.16 per troy ounce in Canadian Dollars, equivalent to ¥90,444.79 JPY per ounce or ¥2,907.87 JPY per gram. Gold fell -0.94% 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 7, 2008
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$867.16 | C$27.88 | C$27,879.80 |
| JPY | ¥90,444.79 | ¥2,907.87 | ¥2,907,863.25 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$865.15 | ¥90,235.14 |
| High | C$878.75 | ¥91,653.63 |
| Low | C$860.06 | ¥89,704.26 |
| Close | C$867.16 | ¥90,444.79 |