GOLD PRICE IN JAPANESE YEN — MAY 18, 2016
💱 XAU/JPY · Wednesday, May 18, 2016
On Wednesday, May 18, 2016, the gold spot price was C$1,644.40 per troy ounce in Canadian Dollars, equivalent to ¥171,510.92 JPY per ounce or ¥5,514.20 JPY per gram. Gold fell -0.11% 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 18, 2016
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,644.40 | C$52.87 | C$52,868.61 |
| JPY | ¥171,510.92 | ¥5,514.20 | ¥5,514,196.14 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$1,647.88 | ¥171,873.88 |
| High | C$1,647.88 | ¥171,873.88 |
| Low | C$1,622.58 | ¥169,235.09 |
| Close | C$1,644.40 | ¥171,510.92 |