GOLD PRICE IN JAPANESE YEN — AUGUST 31, 2016
💱 XAU/JPY · Wednesday, August 31, 2016
On Wednesday, August 31, 2016, the gold spot price was C$1,710.30 per troy ounce in Canadian Dollars, equivalent to ¥178,384.29 JPY per ounce or ¥5,735.18 JPY per gram. Gold rose +0.22% 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 31, 2016
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,710.30 | C$54.99 | C$54,987.34 |
| JPY | ¥178,384.29 | ¥5,735.18 | ¥5,735,179.79 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$1,714.75 | ¥178,848.43 |
| High | C$1,719.20 | ¥179,312.56 |
| Low | C$1,709.52 | ¥178,302.94 |
| Close | C$1,710.30 | ¥178,384.29 |