GOLD PRICE IN JAPANESE YEN — DECEMBER 5, 2008
💱 XAU/JPY · Friday, December 5, 2008
On Friday, December 5, 2008, the gold spot price was C$953.44 per troy ounce in Canadian Dollars, equivalent to ¥99,443.79 JPY per ounce or ¥3,197.19 JPY per gram. Gold fell -2.09% 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 — DECEMBER 5, 2008
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$953.44 | C$30.65 | C$30,653.76 |
| JPY | ¥99,443.79 | ¥3,197.19 | ¥3,197,187.52 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$971.22 | ¥101,298.25 |
| High | C$977.70 | ¥101,974.11 |
| Low | C$940.10 | ¥98,052.43 |
| Close | C$953.44 | ¥99,443.79 |