GOLD PRICE IN JAPANESE YEN — JUNE 1, 2016
💱 XAU/JPY · Wednesday, June 1, 2016
On Wednesday, June 1, 2016, the gold spot price was C$1,584.70 per troy ounce in Canadian Dollars, equivalent to ¥165,284.21 JPY per ounce or ¥5,314.01 JPY per gram. Gold rose +0.05% 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 — JUNE 1, 2016
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,584.70 | C$50.95 | C$50,949.21 |
| JPY | ¥165,284.21 | ¥5,314.01 | ¥5,314,003.05 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$1,589.67 | ¥165,802.58 |
| High | C$1,595.03 | ¥166,361.63 |
| Low | C$1,576.21 | ¥164,398.70 |
| Close | C$1,584.70 | ¥165,284.21 |