GOLD PRICE IN JAPANESE YEN — JUNE 7, 2016
💱 XAU/JPY · Tuesday, June 7, 2016
On Tuesday, June 7, 2016, the gold spot price was C$1,594.54 per troy ounce in Canadian Dollars, equivalent to ¥166,310.52 JPY per ounce or ¥5,347.00 JPY per gram. Gold fell -1.14% 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 7, 2016
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,594.54 | C$51.27 | C$51,265.58 |
| JPY | ¥166,310.52 | ¥5,347.00 | ¥5,346,999.70 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$1,594.02 | ¥166,256.29 |
| High | C$1,595.18 | ¥166,377.27 |
| Low | C$1,584.41 | ¥165,253.96 |
| Close | C$1,594.54 | ¥166,310.52 |