GOLD PRICE IN JAPANESE YEN — MARCH 4, 2020
💱 XAU/JPY · Wednesday, March 4, 2020
On Wednesday, March 4, 2020, the gold spot price was C$2,195.40 per troy ounce in Canadian Dollars, equivalent to ¥228,980.22 JPY per ounce or ¥7,361.88 JPY per gram. Gold rose +0.33% 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 — MARCH 4, 2020
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,195.40 | C$70.58 | C$70,583.65 |
| JPY | ¥228,980.22 | ¥7,361.88 | ¥7,361,874.36 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,201.15 | ¥229,579.95 |
| High | C$2,201.82 | ¥229,649.83 |
| Low | C$2,182.29 | ¥227,612.85 |
| Close | C$2,195.40 | ¥228,980.22 |