GOLD PRICE IN JAPANESE YEN — JANUARY 31, 2017
💱 XAU/JPY · Tuesday, January 31, 2017
On Tuesday, January 31, 2017, the gold spot price was C$1,583.54 per troy ounce in Canadian Dollars, equivalent to ¥165,163.22 JPY per ounce or ¥5,310.12 JPY per gram. Gold rose +1.07% 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 — JANUARY 31, 2017
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,583.54 | C$50.91 | C$50,911.92 |
| JPY | ¥165,163.22 | ¥5,310.12 | ¥5,310,113.20 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$1,565.59 | ¥163,291.04 |
| High | C$1,591.54 | ¥165,997.62 |
| Low | C$1,563.76 | ¥163,100.17 |
| Close | C$1,583.54 | ¥165,163.22 |