GOLD PRICE IN JAPANESE YEN — MARCH 9, 2020
💱 XAU/JPY · Monday, March 9, 2020
On Monday, March 9, 2020, the gold spot price was C$2,281.04 per troy ounce in Canadian Dollars, equivalent to ¥237,912.47 JPY per ounce or ¥7,649.06 JPY per gram. Gold rose +1.93% 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 9, 2020
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,281.04 | C$73.34 | C$73,337.03 |
| JPY | ¥237,912.47 | ¥7,649.06 | ¥7,649,052.51 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,310.46 | ¥240,980.98 |
| High | C$2,317.95 | ¥241,762.18 |
| Low | C$2,258.15 | ¥235,525.05 |
| Close | C$2,281.04 | ¥237,912.47 |