GOLD PRICE IN JAPANESE YEN — MAY 8, 2017
💱 XAU/JPY · Monday, May 8, 2017
On Monday, May 8, 2017, the gold spot price was C$1,675.14 per troy ounce in Canadian Dollars, equivalent to ¥174,717.10 JPY per ounce or ¥5,617.28 JPY per gram. Gold fell -0.54% 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 — MAY 8, 2017
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,675.14 | C$53.86 | C$53,856.92 |
| JPY | ¥174,717.10 | ¥5,617.28 | ¥5,617,277.13 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$1,673.37 | ¥174,532.49 |
| High | C$1,687.04 | ¥175,958.27 |
| Low | C$1,673.37 | ¥174,532.49 |
| Close | C$1,675.14 | ¥174,717.10 |