GOLD PRICE IN JAPANESE YEN — MAY 16, 2012
💱 XAU/JPY · Wednesday, May 16, 2012
On Wednesday, May 16, 2012, the gold spot price was C$1,546.80 per troy ounce in Canadian Dollars, equivalent to ¥161,331.24 JPY per ounce or ¥5,186.92 JPY per gram. Gold fell -0.86% 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 16, 2012
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,546.80 | C$49.73 | C$49,730.70 |
| JPY | ¥161,331.24 | ¥5,186.92 | ¥5,186,912.30 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$1,552.04 | ¥161,877.77 |
| High | C$1,552.04 | ¥161,877.77 |
| Low | C$1,539.05 | ¥160,522.91 |
| Close | C$1,546.80 | ¥161,331.24 |