GOLD PRICE IN JAPANESE YEN — MAY 6, 2016
💱 XAU/JPY · Friday, May 6, 2016
On Friday, May 6, 2016, the gold spot price was C$1,661.64 per troy ounce in Canadian Dollars, equivalent to ¥173,309.05 JPY per ounce or ¥5,572.01 JPY per gram. Gold rose +1.61% 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 6, 2016
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,661.64 | C$53.42 | C$53,422.89 |
| JPY | ¥173,309.05 | ¥5,572.01 | ¥5,572,007.34 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$1,643.26 | ¥171,392.02 |
| High | C$1,665.11 | ¥173,670.97 |
| Low | C$1,641.07 | ¥171,163.60 |
| Close | C$1,661.64 | ¥173,309.05 |