GOLD PRICE IN JAPANESE YEN — MAY 31, 2017
💱 XAU/JPY · Wednesday, May 31, 2017
On Wednesday, May 31, 2017, the gold spot price was C$1,713.41 per troy ounce in Canadian Dollars, equivalent to ¥178,708.66 JPY per ounce or ¥5,745.61 JPY per gram. Gold rose +0.76% 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 31, 2017
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,713.41 | C$55.09 | C$55,087.33 |
| JPY | ¥178,708.66 | ¥5,745.61 | ¥5,745,608.61 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$1,700.48 | ¥177,360.06 |
| High | C$1,715.03 | ¥178,877.63 |
| Low | C$1,695.22 | ¥176,811.45 |
| Close | C$1,713.41 | ¥178,708.66 |