GOLD PRICE IN JAPANESE YEN — MAY 6, 2020

On Wednesday, May 6, 2020, the gold spot price was C$2,364.99 per troy ounce in Canadian Dollars, equivalent to ¥246,668.46 JPY per ounce or ¥7,930.57 JPY per gram. Gold fell -1.48% 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.