GOLD PRICE IN JAPANESE YEN — JANUARY 7, 2016
💱 XAU/JPY · Thursday, January 7, 2016
On Thursday, January 7, 2016, the gold spot price was C$1,558.27 per troy ounce in Canadian Dollars, equivalent to ¥162,527.56 JPY per ounce or ¥5,225.38 JPY per gram. Gold rose +2.05% 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 — JANUARY 7, 2016
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,558.27 | C$50.10 | C$50,099.47 |
| JPY | ¥162,527.56 | ¥5,225.38 | ¥5,225,374.86 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$1,535.62 | ¥160,165.17 |
| High | C$1,560.66 | ¥162,776.84 |
| Low | C$1,535.62 | ¥160,165.17 |
| Close | C$1,558.27 | ¥162,527.56 |