GOLD PRICE IN JAPANESE YEN — JULY 28, 2009

On Tuesday, July 28, 2009, the gold spot price was C$1,016.56 per troy ounce in Canadian Dollars, equivalent to ¥106,027.21 JPY per ounce or ¥3,408.85 JPY per gram. Gold fell -1.29% 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.