GOLD PRICE IN JAPANESE YEN — DECEMBER 8, 2016
💱 XAU/JPY · Thursday, December 8, 2016
On Thursday, December 8, 2016, the gold spot price was C$1,547.18 per troy ounce in Canadian Dollars, equivalent to ¥161,370.87 JPY per ounce or ¥5,188.19 JPY per gram. Gold fell -0.82% 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 8, 2016
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,547.18 | C$49.74 | C$49,742.92 |
| JPY | ¥161,370.87 | ¥5,188.19 | ¥5,188,186.56 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$1,552.47 | ¥161,922.62 |
| High | C$1,557.76 | ¥162,474.37 |
| Low | C$1,546.25 | ¥161,273.88 |
| Close | C$1,547.18 | ¥161,370.87 |