GOLD PRICE IN JAPANESE YEN — MARCH 17, 2016
💱 XAU/JPY · Thursday, March 17, 2016
On Thursday, March 17, 2016, the gold spot price was C$1,658.52 per troy ounce in Canadian Dollars, equivalent to ¥172,983.64 JPY per ounce or ¥5,561.55 JPY per gram. Gold rose +1.03% 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 17, 2016
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,658.52 | C$53.32 | C$53,322.58 |
| JPY | ¥172,983.64 | ¥5,561.55 | ¥5,561,544.99 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$1,654.58 | ¥172,572.69 |
| High | C$1,665.86 | ¥173,749.20 |
| Low | C$1,647.24 | ¥171,807.13 |
| Close | C$1,658.52 | ¥172,983.64 |