GOLD PRICE IN JAPANESE YEN — DECEMBER 1, 2016
💱 XAU/JPY · Thursday, December 1, 2016
On Thursday, December 1, 2016, the gold spot price was C$1,566.61 per troy ounce in Canadian Dollars, equivalent to ¥163,397.42 JPY per ounce or ¥5,253.35 JPY per gram. Gold fell -0.38% 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 — DECEMBER 1, 2016
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,566.61 | C$50.37 | C$50,367.61 |
| JPY | ¥163,397.42 | ¥5,253.35 | ¥5,253,341.53 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$1,574.40 | ¥164,209.92 |
| High | C$1,576.95 | ¥164,475.89 |
| Low | C$1,557.35 | ¥162,431.60 |
| Close | C$1,566.61 | ¥163,397.42 |