GOLD PRICE IN JAPANESE YEN — AUGUST 8, 2011
💱 XAU/JPY · Monday, August 8, 2011
On Monday, August 8, 2011, the gold spot price was C$1,685.74 per troy ounce in Canadian Dollars, equivalent to ¥175,822.68 JPY per ounce or ¥5,652.83 JPY per gram. Gold rose +4.25% 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 — AUGUST 8, 2011
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,685.74 | C$54.20 | C$54,197.72 |
| JPY | ¥175,822.68 | ¥5,652.83 | ¥5,652,822.30 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$1,655.09 | ¥172,625.89 |
| High | C$1,695.40 | ¥176,830.22 |
| Low | C$1,654.10 | ¥172,522.63 |
| Close | C$1,685.74 | ¥175,822.68 |