GOLD PRICE IN JAPANESE YEN — MARCH 30, 2011

On Wednesday, March 30, 2011, the gold spot price was C$1,387.08 per troy ounce in Canadian Dollars, equivalent to ¥144,672.44 JPY per ounce or ¥4,651.32 JPY per gram. Gold rose +0.16% 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.