GOLD PRICE IN JAPANESE YEN — OCTOBER 5, 2016
💱 XAU/JPY · Wednesday, October 5, 2016
On Wednesday, October 5, 2016, the gold spot price was C$1,669.62 per troy ounce in Canadian Dollars, equivalent to ¥174,141.37 JPY per ounce or ¥5,598.77 JPY per gram. Gold rose +0.53% 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 — OCTOBER 5, 2016
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,669.62 | C$53.68 | C$53,679.45 |
| JPY | ¥174,141.37 | ¥5,598.77 | ¥5,598,766.82 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$1,678.73 | ¥175,091.54 |
| High | C$1,681.23 | ¥175,352.29 |
| Low | C$1,664.47 | ¥173,604.22 |
| Close | C$1,669.62 | ¥174,141.37 |