GOLD PRICE IN JAPANESE YEN — OCTOBER 20, 2016
💱 XAU/JPY · Thursday, October 20, 2016
On Thursday, October 20, 2016, the gold spot price was C$1,662.15 per troy ounce in Canadian Dollars, equivalent to ¥173,362.25 JPY per ounce or ¥5,573.72 JPY per gram. Gold rose +0.01% 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 20, 2016
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,662.15 | C$53.44 | C$53,439.29 |
| JPY | ¥173,362.25 | ¥5,573.72 | ¥5,573,717.53 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$1,667.93 | ¥173,965.10 |
| High | C$1,668.59 | ¥174,033.94 |
| Low | C$1,662.02 | ¥173,348.69 |
| Close | C$1,662.15 | ¥173,362.25 |