GOLD PRICE IN JAPANESE YEN — MARCH 8, 2016
💱 XAU/JPY · Tuesday, March 8, 2016
On Tuesday, March 8, 2016, the gold spot price was C$1,677.71 per troy ounce in Canadian Dollars, equivalent to ¥174,985.15 JPY per ounce or ¥5,625.90 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 8, 2016
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,677.71 | C$53.94 | C$53,939.55 |
| JPY | ¥174,985.15 | ¥5,625.90 | ¥5,625,895.16 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$1,686.48 | ¥175,899.86 |
| High | C$1,696.59 | ¥176,954.34 |
| Low | C$1,676.25 | ¥174,832.88 |
| Close | C$1,677.71 | ¥174,985.15 |