GOLD PRICE IN JAPANESE YEN — DECEMBER 8, 2008
💱 XAU/JPY · Monday, December 8, 2008
On Monday, December 8, 2008, the gold spot price was C$961.71 per troy ounce in Canadian Dollars, equivalent to ¥100,306.35 JPY per ounce or ¥3,224.92 JPY per gram. Gold rose +0.87% 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 8, 2008
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$961.71 | C$30.92 | C$30,919.65 |
| JPY | ¥100,306.35 | ¥3,224.92 | ¥3,224,919.46 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$946.17 | ¥98,685.53 |
| High | C$977.75 | ¥101,979.33 |
| Low | C$945.16 | ¥98,580.19 |
| Close | C$961.71 | ¥100,306.35 |