GOLD PRICE IN JAPANESE YEN — NOVEMBER 16, 2016
💱 XAU/JPY · Wednesday, November 16, 2016
On Wednesday, November 16, 2016, the gold spot price was C$1,646.07 per troy ounce in Canadian Dollars, equivalent to ¥171,685.10 JPY per ounce or ¥5,519.80 JPY per gram. Gold fell -0.66% 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 16, 2016
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,646.07 | C$52.92 | C$52,922.30 |
| JPY | ¥171,685.10 | ¥5,519.80 | ¥5,519,796.18 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$1,654.01 | ¥172,513.24 |
| High | C$1,654.01 | ¥172,513.24 |
| Low | C$1,645.53 | ¥171,628.78 |
| Close | C$1,646.07 | ¥171,685.10 |