GOLD PRICE IN JAPANESE YEN — MAY 23, 2016
💱 XAU/JPY · Monday, May 23, 2016
On Monday, May 23, 2016, the gold spot price was C$1,641.94 per troy ounce in Canadian Dollars, equivalent to ¥171,254.34 JPY per ounce or ¥5,505.95 JPY per gram. Gold rose +0.19% 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 23, 2016
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,641.94 | C$52.79 | C$52,789.52 |
| JPY | ¥171,254.34 | ¥5,505.95 | ¥5,505,946.97 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$1,642.60 | ¥171,323.18 |
| High | C$1,642.60 | ¥171,323.18 |
| Low | C$1,637.22 | ¥170,762.05 |
| Close | C$1,641.94 | ¥171,254.34 |