GOLD PRICE IN JAPANESE YEN — DECEMBER 7, 2016
💱 XAU/JPY · Wednesday, December 7, 2016
On Wednesday, December 7, 2016, the gold spot price was C$1,560.05 per troy ounce in Canadian Dollars, equivalent to ¥162,713.22 JPY per ounce or ¥5,231.35 JPY per gram. Gold rose +0.67% 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 7, 2016
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,560.05 | C$50.16 | C$50,156.70 |
| JPY | ¥162,713.22 | ¥5,231.35 | ¥5,231,343.76 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$1,550.36 | ¥161,702.55 |
| High | C$1,564.69 | ¥163,197.17 |
| Low | C$1,548.63 | ¥161,522.11 |
| Close | C$1,560.05 | ¥162,713.22 |