GOLD PRICE IN JAPANESE YEN — NOVEMBER 12, 2008
💱 XAU/JPY · Wednesday, November 12, 2008
On Wednesday, November 12, 2008, the gold spot price was C$888.23 per troy ounce in Canadian Dollars, equivalent to ¥92,642.39 JPY per ounce or ¥2,978.52 JPY per gram. Gold rose +0.45% 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 12, 2008
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$888.23 | C$28.56 | C$28,557.22 |
| JPY | ¥92,642.39 | ¥2,978.52 | ¥2,978,517.66 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$903.94 | ¥94,280.94 |
| High | C$909.26 | ¥94,835.82 |
| Low | C$894.17 | ¥93,261.93 |
| Close | C$888.23 | ¥92,642.39 |