GOLD PRICE IN JAPANESE YEN — MARCH 7, 2012
💱 XAU/JPY · Wednesday, March 7, 2012
On Wednesday, March 7, 2012, the gold spot price was C$1,685.15 per troy ounce in Canadian Dollars, equivalent to ¥175,761.15 JPY per ounce or ¥5,650.85 JPY per gram. Gold rose +1.45% 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 — MARCH 7, 2012
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,685.15 | C$54.18 | C$54,178.75 |
| JPY | ¥175,761.15 | ¥5,650.85 | ¥5,650,843.84 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$1,677.84 | ¥174,998.71 |
| High | C$1,685.85 | ¥175,834.16 |
| Low | C$1,674.94 | ¥174,696.24 |
| Close | C$1,685.15 | ¥175,761.15 |