GOLD PRICE IN JAPANESE YEN — JUNE 8, 2016
💱 XAU/JPY · Wednesday, June 8, 2016
On Wednesday, June 8, 2016, the gold spot price was C$1,607.09 per troy ounce in Canadian Dollars, equivalent to ¥167,619.49 JPY per ounce or ¥5,389.09 JPY per gram. Gold rose +0.79% 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 8, 2016
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,607.09 | C$51.67 | C$51,669.07 |
| JPY | ¥167,619.49 | ¥5,389.09 | ¥5,389,083.84 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$1,591.53 | ¥165,996.58 |
| High | C$1,612.45 | ¥168,178.54 |
| Low | C$1,591.14 | ¥165,955.90 |
| Close | C$1,607.09 | ¥167,619.49 |