GOLD PRICE IN JAPANESE YEN — OCTOBER 16, 2019
💱 XAU/JPY · Wednesday, October 16, 2019
On Wednesday, October 16, 2019, the gold spot price was C$1,964.46 per troy ounce in Canadian Dollars, equivalent to ¥204,893.18 JPY per ounce or ¥6,587.46 JPY per gram. Gold rose +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 — OCTOBER 16, 2019
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,964.46 | C$63.16 | C$63,158.76 |
| JPY | ¥204,893.18 | ¥6,587.46 | ¥6,587,459.10 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$1,956.54 | ¥204,067.12 |
| High | C$1,964.46 | ¥204,893.18 |
| Low | C$1,953.90 | ¥203,791.77 |
| Close | C$1,964.46 | ¥204,893.18 |