GOLD PRICE IN JAPANESE YEN — AUGUST 24, 2016
💱 XAU/JPY · Wednesday, August 24, 2016
On Wednesday, August 24, 2016, the gold spot price was C$1,711.06 per troy ounce in Canadian Dollars, equivalent to ¥178,463.56 JPY per ounce or ¥5,737.73 JPY per gram. Gold fell -1.37% 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 24, 2016
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,711.06 | C$55.01 | C$55,011.78 |
| JPY | ¥178,463.56 | ¥5,737.73 | ¥5,737,728.31 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$1,727.60 | ¥180,188.68 |
| High | C$1,727.60 | ¥180,188.68 |
| Low | C$1,709.12 | ¥178,261.22 |
| Close | C$1,711.06 | ¥178,463.56 |