GOLD PRICE IN JAPANESE YEN — MAY 16, 2016
💱 XAU/JPY · Monday, May 16, 2016
On Monday, May 16, 2016, the gold spot price was C$1,649.66 per troy ounce in Canadian Dollars, equivalent to ¥172,059.54 JPY per ounce or ¥5,531.84 JPY per gram. Gold rose +1.00% 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 16, 2016
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,649.66 | C$53.04 | C$53,037.72 |
| JPY | ¥172,059.54 | ¥5,531.84 | ¥5,531,834.59 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$1,648.89 | ¥171,979.23 |
| High | C$1,668.32 | ¥174,005.78 |
| Low | C$1,648.89 | ¥171,979.23 |
| Close | C$1,649.66 | ¥172,059.54 |