GOLD PRICE IN JAPANESE YEN — DECEMBER 29, 2016
💱 XAU/JPY · Thursday, December 29, 2016
On Thursday, December 29, 2016, the gold spot price was C$1,567.22 per troy ounce in Canadian Dollars, equivalent to ¥163,461.05 JPY per ounce or ¥5,255.39 JPY per gram. Gold rose +1.32% 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 29, 2016
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,567.22 | C$50.39 | C$50,387.22 |
| JPY | ¥163,461.05 | ¥5,255.39 | ¥5,255,387.05 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$1,550.15 | ¥161,680.65 |
| High | C$1,570.48 | ¥163,801.06 |
| Low | C$1,549.88 | ¥161,652.48 |
| Close | C$1,567.22 | ¥163,461.05 |