GOLD PRICE IN JAPANESE YEN — MAY 31, 2018
💱 XAU/JPY · Thursday, May 31, 2018
On Thursday, May 31, 2018, the gold spot price was C$1,676.23 per troy ounce in Canadian Dollars, equivalent to ¥174,830.79 JPY per ounce or ¥5,620.94 JPY per gram. Gold fell -1.16% 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, 2018
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,676.23 | C$53.89 | C$53,891.97 |
| JPY | ¥174,830.79 | ¥5,620.94 | ¥5,620,932.25 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$1,677.39 | ¥174,951.78 |
| High | C$1,684.87 | ¥175,731.94 |
| Low | C$1,671.72 | ¥174,360.40 |
| Close | C$1,676.23 | ¥174,830.79 |