GOLD PRICE IN JAPANESE YEN — MAY 8, 2012
💱 XAU/JPY · Tuesday, May 8, 2012
On Tuesday, May 8, 2012, the gold spot price was C$1,591.70 per troy ounce in Canadian Dollars, equivalent to ¥166,014.31 JPY per ounce or ¥5,337.48 JPY per gram. Gold fell -2.68% 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 8, 2012
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,591.70 | C$51.17 | C$51,174.27 |
| JPY | ¥166,014.31 | ¥5,337.48 | ¥5,337,476.28 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$1,624.15 | ¥169,398.85 |
| High | C$1,624.15 | ¥169,398.85 |
| Low | C$1,583.76 | ¥165,186.17 |
| Close | C$1,591.70 | ¥166,014.31 |