GOLD PRICE IN JAPANESE YEN — MAY 16, 2018
💱 XAU/JPY · Wednesday, May 16, 2018
On Wednesday, May 16, 2018, the gold spot price was C$1,660.76 per troy ounce in Canadian Dollars, equivalent to ¥173,217.27 JPY per ounce or ¥5,569.06 JPY per gram. Gold rose +0.66% 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 16, 2018
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,660.76 | C$53.39 | C$53,394.60 |
| JPY | ¥173,217.27 | ¥5,569.06 | ¥5,569,056.42 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$1,661.66 | ¥173,311.14 |
| High | C$1,665.65 | ¥173,727.30 |
| Low | C$1,654.58 | ¥172,572.69 |
| Close | C$1,660.76 | ¥173,217.27 |