GOLD PRICE IN JAPANESE YEN — NOVEMBER 8, 2016
💱 XAU/JPY · Tuesday, November 8, 2016
On Tuesday, November 8, 2016, the gold spot price was C$1,702.64 per troy ounce in Canadian Dollars, equivalent to ¥177,585.35 JPY per ounce or ¥5,709.50 JPY per gram. Gold fell -0.30% 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 8, 2016
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,702.64 | C$54.74 | C$54,741.07 |
| JPY | ¥177,585.35 | ¥5,709.50 | ¥5,709,493.38 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$1,716.94 | ¥179,076.84 |
| High | C$1,724.03 | ¥179,816.33 |
| Low | C$1,702.37 | ¥177,557.19 |
| Close | C$1,702.64 | ¥177,585.35 |