GOLD PRICE IN JAPANESE YEN — FEBRUARY 1, 2012

On Wednesday, February 1, 2012, the gold spot price was C$1,752.31 per troy ounce in Canadian Dollars, equivalent to ¥182,765.93 JPY per ounce or ¥5,876.06 JPY per gram. Gold rose +0.59% 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.