GOLD PRICE IN JAPANESE YEN — MARCH 4, 2016
💱 XAU/JPY · Friday, March 4, 2016
On Friday, March 4, 2016, the gold spot price was C$1,702.43 per troy ounce in Canadian Dollars, equivalent to ¥177,563.45 JPY per ounce or ¥5,708.79 JPY per gram. Gold rose +0.82% 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 4, 2016
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,702.43 | C$54.73 | C$54,734.32 |
| JPY | ¥177,563.45 | ¥5,708.79 | ¥5,708,789.18 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$1,693.18 | ¥176,598.67 |
| High | C$1,715.83 | ¥178,961.07 |
| Low | C$1,676.96 | ¥174,906.93 |
| Close | C$1,702.43 | ¥177,563.45 |