GOLD PRICE IN JAPANESE YEN — JULY 15, 2010

On Thursday, July 15, 2010, the gold spot price was C$1,254.18 per troy ounce in Canadian Dollars, equivalent to ¥130,810.97 JPY per ounce or ¥4,205.67 JPY per gram. Gold rose +0.62% 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.