GOLD PRICE IN JAPANESE YEN — MAY 31, 2016

On Tuesday, May 31, 2016, the gold spot price was C$1,583.86 per troy ounce in Canadian Dollars, equivalent to ¥165,196.60 JPY per ounce or ¥5,311.19 JPY per gram. Gold rose +0.57% 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.