GOLD PRICE IN JAPANESE YEN — JANUARY 20, 2016

On Wednesday, January 20, 2016, the gold spot price was C$1,612.29 per troy ounce in Canadian Dollars, equivalent to ¥168,161.85 JPY per ounce or ¥5,406.52 JPY per gram. Gold rose +1.71% 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.