GOLD PRICE IN JAPANESE YEN — MARCH 2, 2016
💱 XAU/JPY · Wednesday, March 2, 2016
On Wednesday, March 2, 2016, the gold spot price was C$1,666.42 per troy ounce in Canadian Dollars, equivalent to ¥173,807.61 JPY per ounce or ¥5,588.04 JPY per gram. Gold rose +0.05% 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 2, 2016
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,666.42 | C$53.58 | C$53,576.57 |
| JPY | ¥173,807.61 | ¥5,588.04 | ¥5,588,036.20 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$1,655.28 | ¥172,645.70 |
| High | C$1,668.44 | ¥174,018.29 |
| Low | C$1,646.15 | ¥171,693.45 |
| Close | C$1,666.42 | ¥173,807.61 |