GOLD PRICE IN JAPANESE YEN — AUGUST 8, 2016
💱 XAU/JPY · Monday, August 8, 2016
On Monday, August 8, 2016, the gold spot price was C$1,757.41 per troy ounce in Canadian Dollars, equivalent to ¥183,297.86 JPY per ounce or ¥5,893.16 JPY per gram. Gold rose +1.04% 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 8, 2016
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,757.41 | C$56.50 | C$56,501.96 |
| JPY | ¥183,297.86 | ¥5,893.16 | ¥5,893,154.60 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$1,752.93 | ¥182,830.60 |
| High | C$1,760.04 | ¥183,572.17 |
| Low | C$1,750.03 | ¥182,528.13 |
| Close | C$1,757.41 | ¥183,297.86 |