GOLD PRICE IN JAPANESE YEN — MAY 17, 2016
💱 XAU/JPY · Tuesday, May 17, 2016
On Tuesday, May 17, 2016, the gold spot price was C$1,646.16 per troy ounce in Canadian Dollars, equivalent to ¥171,694.49 JPY per ounce or ¥5,520.10 JPY per gram. Gold fell -0.21% 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 17, 2016
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,646.16 | C$52.93 | C$52,925.20 |
| JPY | ¥171,694.49 | ¥5,520.10 | ¥5,520,097.98 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$1,641.39 | ¥171,196.98 |
| High | C$1,653.12 | ¥172,420.42 |
| Low | C$1,639.19 | ¥170,967.52 |
| Close | C$1,646.16 | ¥171,694.49 |