GOLD PRICE IN JAPANESE YEN — NOVEMBER 1, 2016
💱 XAU/JPY · Tuesday, November 1, 2016
On Tuesday, November 1, 2016, the gold spot price was C$1,726.19 per troy ounce in Canadian Dollars, equivalent to ¥180,041.62 JPY per ounce or ¥5,788.47 JPY per gram. Gold rose +1.30% 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 — NOVEMBER 1, 2016
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,726.19 | C$55.50 | C$55,498.22 |
| JPY | ¥180,041.62 | ¥5,788.47 | ¥5,788,464.02 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$1,716.67 | ¥179,048.68 |
| High | C$1,731.96 | ¥180,643.43 |
| Low | C$1,716.26 | ¥179,005.92 |
| Close | C$1,726.19 | ¥180,041.62 |