GOLD PRICE IN JAPANESE YEN — MAY 7, 2012
💱 XAU/JPY · Monday, May 7, 2012
On Monday, May 7, 2012, the gold spot price was C$1,635.49 per troy ounce in Canadian Dollars, equivalent to ¥170,581.61 JPY per ounce or ¥5,484.32 JPY per gram. Gold rose +0.67% 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 — MAY 7, 2012
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,635.49 | C$52.58 | C$52,582.15 |
| JPY | ¥170,581.61 | ¥5,484.32 | ¥5,484,318.07 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$1,634.79 | ¥170,508.60 |
| High | C$1,636.88 | ¥170,726.58 |
| Low | C$1,629.50 | ¥169,956.85 |
| Close | C$1,635.49 | ¥170,581.61 |