GOLD PRICE IN JAPANESE YEN — MAY 5, 2016
💱 XAU/JPY · Thursday, May 5, 2016
On Thursday, May 5, 2016, the gold spot price was C$1,635.27 per troy ounce in Canadian Dollars, equivalent to ¥170,558.66 JPY per ounce or ¥5,483.58 JPY per gram. Gold rose +1.12% 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 5, 2016
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,635.27 | C$52.58 | C$52,575.08 |
| JPY | ¥170,558.66 | ¥5,483.58 | ¥5,483,580.34 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$1,650.07 | ¥172,102.30 |
| High | C$1,654.05 | ¥172,517.41 |
| Low | C$1,634.50 | ¥170,478.35 |
| Close | C$1,635.27 | ¥170,558.66 |