GOLD PRICE IN JAPANESE YEN — JUNE 16, 2016
💱 XAU/JPY · Thursday, June 16, 2016
On Thursday, June 16, 2016, the gold spot price was C$1,673.01 per troy ounce in Canadian Dollars, equivalent to ¥174,494.94 JPY per ounce or ¥5,610.14 JPY per gram. Gold rose +1.17% 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 16, 2016
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,673.01 | C$53.79 | C$53,788.44 |
| JPY | ¥174,494.94 | ¥5,610.14 | ¥5,610,134.56 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$1,673.26 | ¥174,521.02 |
| High | C$1,699.21 | ¥177,227.60 |
| Low | C$1,653.64 | ¥172,474.65 |
| Close | C$1,673.01 | ¥174,494.94 |