GOLD PRICE IN JAPANESE YEN — OCTOBER 7, 2016
💱 XAU/JPY · Friday, October 7, 2016
On Friday, October 7, 2016, the gold spot price was C$1,651.05 per troy ounce in Canadian Dollars, equivalent to ¥172,204.51 JPY per ounce or ¥5,536.50 JPY per gram. Gold rose +0.25% 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 7, 2016
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,651.05 | C$53.08 | C$53,082.41 |
| JPY | ¥172,204.51 | ¥5,536.50 | ¥5,536,495.70 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$1,657.66 | ¥172,893.94 |
| High | C$1,670.48 | ¥174,231.06 |
| Low | C$1,651.05 | ¥172,204.51 |
| Close | C$1,651.05 | ¥172,204.51 |