GOLD PRICE IN JAPANESE YEN — AUGUST 31, 2012
💱 XAU/JPY · Friday, August 31, 2012
On Friday, August 31, 2012, the gold spot price was C$1,672.13 per troy ounce in Canadian Dollars, equivalent to ¥174,403.16 JPY per ounce or ¥5,607.19 JPY per gram. Gold rose +2.20% 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 — AUGUST 31, 2012
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,672.13 | C$53.76 | C$53,760.15 |
| JPY | ¥174,403.16 | ¥5,607.19 | ¥5,607,183.64 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$1,646.33 | ¥171,712.22 |
| High | C$1,677.49 | ¥174,962.21 |
| Low | C$1,634.02 | ¥170,428.29 |
| Close | C$1,672.13 | ¥174,403.16 |