GOLD PRICE IN JAPANESE YEN — MARCH 18, 2016
💱 XAU/JPY · Friday, March 18, 2016
On Friday, March 18, 2016, the gold spot price was C$1,627.93 per troy ounce in Canadian Dollars, equivalent to ¥169,793.10 JPY per ounce or ¥5,458.97 JPY per gram. Gold fell -1.84% 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 18, 2016
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,627.93 | C$52.34 | C$52,339.09 |
| JPY | ¥169,793.10 | ¥5,458.97 | ¥5,458,966.99 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$1,632.22 | ¥170,240.55 |
| High | C$1,641.70 | ¥171,229.31 |
| Low | C$1,624.95 | ¥169,482.29 |
| Close | C$1,627.93 | ¥169,793.10 |