GOLD PRICE IN JAPANESE YEN — FEBRUARY 8, 2016
💱 XAU/JPY · Monday, February 8, 2016
On Monday, February 8, 2016, the gold spot price was C$1,663.04 per troy ounce in Canadian Dollars, equivalent to ¥173,455.07 JPY per ounce or ¥5,576.71 JPY per gram. Gold rose +4.42% 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 — FEBRUARY 8, 2016
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,663.04 | C$53.47 | C$53,467.90 |
| JPY | ¥173,455.07 | ¥5,576.71 | ¥5,576,701.98 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$1,629.17 | ¥169,922.43 |
| High | C$1,666.52 | ¥173,818.04 |
| Low | C$1,617.37 | ¥168,691.69 |
| Close | C$1,663.04 | ¥173,455.07 |