GOLD PRICE IN JAPANESE YEN — MAY 1, 2020
💱 XAU/JPY · Friday, May 1, 2020
On Friday, May 1, 2020, the gold spot price was C$2,364.32 per troy ounce in Canadian Dollars, equivalent to ¥246,598.58 JPY per ounce or ¥7,928.32 JPY per gram. Gold rose +1.18% 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 1, 2020
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,364.32 | C$76.01 | C$76,014.54 |
| JPY | ¥246,598.58 | ¥7,928.32 | ¥7,928,316.84 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,353.30 | ¥245,449.19 |
| High | C$2,374.09 | ¥247,617.59 |
| Low | C$2,330.83 | ¥243,105.57 |
| Close | C$2,364.32 | ¥246,598.58 |