GOLD PRICE IN JAPANESE YEN — DECEMBER 16, 2016
💱 XAU/JPY · Friday, December 16, 2016
On Friday, December 16, 2016, the gold spot price was C$1,513.71 per troy ounce in Canadian Dollars, equivalent to ¥157,879.95 JPY per ounce or ¥5,075.95 JPY per gram. Gold rose +1.02% 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 16, 2016
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,513.71 | C$48.67 | C$48,666.84 |
| JPY | ¥157,879.95 | ¥5,075.95 | ¥5,075,951.00 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$1,502.51 | ¥156,711.79 |
| High | C$1,521.17 | ¥158,658.03 |
| Low | C$1,502.51 | ¥156,711.79 |
| Close | C$1,513.71 | ¥157,879.95 |