GOLD PRICE IN JAPANESE YEN — MARCH 23, 2016

On Wednesday, March 23, 2016, the gold spot price was C$1,596.94 per troy ounce in Canadian Dollars, equivalent to ¥166,560.84 JPY per ounce or ¥5,355.05 JPY per gram. Gold fell -2.28% 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.