GOLD PRICE IN JAPANESE YEN — DECEMBER 31, 2008
💱 XAU/JPY · Wednesday, December 31, 2008
On Wednesday, December 31, 2008, the gold spot price was C$1,074.37 per troy ounce in Canadian Dollars, equivalent to ¥112,056.79 JPY per ounce or ¥3,602.71 JPY per gram. Gold rose +1.95% 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 31, 2008
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,074.37 | C$34.54 | C$34,541.75 |
| JPY | ¥112,056.79 | ¥3,602.71 | ¥3,602,704.27 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$1,045.67 | ¥109,063.38 |
| High | C$1,074.37 | ¥112,056.79 |
| Low | C$1,043.73 | ¥108,861.04 |
| Close | C$1,074.37 | ¥112,056.79 |