GOLD PRICE IN JAPANESE YEN — MAY 4, 2016
💱 XAU/JPY · Wednesday, May 4, 2016
On Wednesday, May 4, 2016, the gold spot price was C$1,617.10 per troy ounce in Canadian Dollars, equivalent to ¥168,663.53 JPY per ounce or ¥5,422.65 JPY per gram. Gold fell +0.00% 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 — MAY 4, 2016
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,617.10 | C$51.99 | C$51,990.90 |
| JPY | ¥168,663.53 | ¥5,422.65 | ¥5,422,650.55 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$1,634.38 | ¥170,465.83 |
| High | C$1,638.31 | ¥170,875.73 |
| Low | C$1,616.72 | ¥168,623.90 |
| Close | C$1,617.10 | ¥168,663.53 |