GOLD PRICE IN JAPANESE YEN — MARCH 16, 2012
💱 XAU/JPY · Friday, March 16, 2012
On Friday, March 16, 2012, the gold spot price was C$1,642.59 per troy ounce in Canadian Dollars, equivalent to ¥171,322.14 JPY per ounce or ¥5,508.13 JPY per gram. Gold fell -0.37% 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 16, 2012
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,642.59 | C$52.81 | C$52,810.42 |
| JPY | ¥171,322.14 | ¥5,508.13 | ¥5,508,126.63 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$1,647.05 | ¥171,787.32 |
| High | C$1,648.44 | ¥171,932.29 |
| Low | C$1,628.50 | ¥169,852.55 |
| Close | C$1,642.59 | ¥171,322.14 |