GOLD PRICE IN JAPANESE YEN — MARCH 1, 2016
💱 XAU/JPY · Tuesday, March 1, 2016
On Tuesday, March 1, 2016, the gold spot price was C$1,665.51 per troy ounce in Canadian Dollars, equivalent to ¥173,712.69 JPY per ounce or ¥5,584.99 JPY per gram. Gold fell -0.36% 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 — MARCH 1, 2016
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,665.51 | C$53.55 | C$53,547.31 |
| JPY | ¥173,712.69 | ¥5,584.99 | ¥5,584,984.68 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$1,679.31 | ¥175,152.03 |
| High | C$1,690.01 | ¥176,268.04 |
| Low | C$1,663.75 | ¥173,529.13 |
| Close | C$1,665.51 | ¥173,712.69 |