GOLD PRICE IN JAPANESE YEN — MARCH 7, 2016
💱 XAU/JPY · Monday, March 7, 2016
On Monday, March 7, 2016, the gold spot price was C$1,683.85 per troy ounce in Canadian Dollars, equivalent to ¥175,625.56 JPY per ounce or ¥5,646.49 JPY per gram. Gold fell -1.09% 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 7, 2016
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,683.85 | C$54.14 | C$54,136.96 |
| JPY | ¥175,625.56 | ¥5,646.49 | ¥5,646,484.53 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$1,679.31 | ¥175,152.03 |
| High | C$1,695.98 | ¥176,890.71 |
| Low | C$1,679.18 | ¥175,138.47 |
| Close | C$1,683.85 | ¥175,625.56 |