GOLD PRICE IN JAPANESE YEN — FEBRUARY 29, 2016
💱 XAU/JPY · Monday, February 29, 2016
On Monday, February 29, 2016, the gold spot price was C$1,671.56 per troy ounce in Canadian Dollars, equivalent to ¥174,343.71 JPY per ounce or ¥5,605.28 JPY per gram. Gold rose +1.18% 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 29, 2016
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,671.56 | C$53.74 | C$53,741.82 |
| JPY | ¥174,343.71 | ¥5,605.28 | ¥5,605,272.25 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$1,650.84 | ¥172,182.61 |
| High | C$1,681.18 | ¥175,347.07 |
| Low | C$1,650.84 | ¥172,182.61 |
| Close | C$1,671.56 | ¥174,343.71 |