GOLD PRICE IN JAPANESE YEN — MARCH 16, 2020
💱 XAU/JPY · Monday, March 16, 2020
On Monday, March 16, 2020, the gold spot price was C$2,050.22 per troy ounce in Canadian Dollars, equivalent to ¥213,837.95 JPY per ounce or ¥6,875.04 JPY per gram. Gold fell -2.99% 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 16, 2020
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,050.22 | C$65.92 | C$65,916.01 |
| JPY | ¥213,837.95 | ¥6,875.04 | ¥6,875,039.65 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,165.01 | ¥225,810.54 |
| High | C$2,165.01 | ¥225,810.54 |
| Low | C$2,003.58 | ¥208,973.39 |
| Close | C$2,050.22 | ¥213,837.95 |