GOLD PRICE IN JAPANESE YEN — MAY 24, 2016
💱 XAU/JPY · Tuesday, May 24, 2016
On Tuesday, May 24, 2016, the gold spot price was C$1,615.39 per troy ounce in Canadian Dollars, equivalent to ¥168,485.18 JPY per ounce or ¥5,416.92 JPY per gram. Gold fell -1.62% 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 24, 2016
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,615.39 | C$51.94 | C$51,935.92 |
| JPY | ¥168,485.18 | ¥5,416.92 | ¥5,416,916.38 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$1,629.98 | ¥170,006.91 |
| High | C$1,629.98 | ¥170,006.91 |
| Low | C$1,614.47 | ¥168,389.22 |
| Close | C$1,615.39 | ¥168,485.18 |