GOLD PRICE IN JAPANESE YEN — NOVEMBER 7, 2016
💱 XAU/JPY · Monday, November 7, 2016
On Monday, November 7, 2016, the gold spot price was C$1,707.72 per troy ounce in Canadian Dollars, equivalent to ¥178,115.20 JPY per ounce or ¥5,726.53 JPY per gram. Gold fell -2.16% 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 7, 2016
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,707.72 | C$54.90 | C$54,904.39 |
| JPY | ¥178,115.20 | ¥5,726.53 | ¥5,726,528.23 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$1,726.02 | ¥180,023.89 |
| High | C$1,729.36 | ¥180,372.25 |
| Low | C$1,707.72 | ¥178,115.20 |
| Close | C$1,707.72 | ¥178,115.20 |