GOLD PRICE IN JAPANESE YEN — FEBRUARY 24, 2016
💱 XAU/JPY · Wednesday, February 24, 2016
On Wednesday, February 24, 2016, the gold spot price was C$1,709.03 per troy ounce in Canadian Dollars, equivalent to ¥178,251.83 JPY per ounce or ¥5,730.93 JPY per gram. Gold rose +2.04% 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 24, 2016
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,709.03 | C$54.95 | C$54,946.51 |
| JPY | ¥178,251.83 | ¥5,730.93 | ¥5,730,921.08 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$1,697.03 | ¥177,000.23 |
| High | C$1,724.76 | ¥179,892.47 |
| Low | C$1,697.03 | ¥177,000.23 |
| Close | C$1,709.03 | ¥178,251.83 |