GOLD PRICE IN JAPANESE YEN — AUGUST 5, 2016
💱 XAU/JPY · Friday, August 5, 2016
On Friday, August 5, 2016, the gold spot price was C$1,739.38 per troy ounce in Canadian Dollars, equivalent to ¥181,417.33 JPY per ounce or ¥5,832.70 JPY per gram. Gold fell -2.06% 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 — AUGUST 5, 2016
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,739.38 | C$55.92 | C$55,922.28 |
| JPY | ¥181,417.33 | ¥5,832.70 | ¥5,832,694.28 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$1,766.97 | ¥184,294.97 |
| High | C$1,771.14 | ¥184,729.90 |
| Low | C$1,735.86 | ¥181,050.20 |
| Close | C$1,739.38 | ¥181,417.33 |