GOLD PRICE IN JAPANESE YEN — JUNE 2, 2016
💱 XAU/JPY · Thursday, June 2, 2016
On Thursday, June 2, 2016, the gold spot price was C$1,581.83 per troy ounce in Canadian Dollars, equivalent to ¥164,984.87 JPY per ounce or ¥5,304.38 JPY per gram. Gold fell -0.18% 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 2, 2016
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,581.83 | C$50.86 | C$50,856.94 |
| JPY | ¥164,984.87 | ¥5,304.38 | ¥5,304,379.03 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$1,585.23 | ¥165,339.49 |
| High | C$1,591.24 | ¥165,966.33 |
| Low | C$1,581.56 | ¥164,956.71 |
| Close | C$1,581.83 | ¥164,984.87 |