GOLD PRICE IN JAPANESE YEN — NOVEMBER 23, 2016
💱 XAU/JPY · Wednesday, November 23, 2016
On Wednesday, November 23, 2016, the gold spot price was C$1,597.20 per troy ounce in Canadian Dollars, equivalent to ¥166,587.96 JPY per ounce or ¥5,355.92 JPY per gram. Gold fell -1.63% 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 23, 2016
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,597.20 | C$51.35 | C$51,351.10 |
| JPY | ¥166,587.96 | ¥5,355.92 | ¥5,355,919.53 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$1,629.03 | ¥169,907.83 |
| High | C$1,630.38 | ¥170,048.63 |
| Low | C$1,594.11 | ¥166,265.67 |
| Close | C$1,597.20 | ¥166,587.96 |