GOLD PRICE IN JAPANESE YEN — MAY 7, 2020
💱 XAU/JPY · Thursday, May 7, 2020
On Thursday, May 7, 2020, the gold spot price was C$2,438.57 per troy ounce in Canadian Dollars, equivalent to ¥254,342.85 JPY per ounce or ¥8,177.31 JPY per gram. Gold rose +3.11% 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 7, 2020
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,438.57 | C$78.40 | C$78,401.73 |
| JPY | ¥254,342.85 | ¥8,177.31 | ¥8,177,300.70 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,388.15 | ¥249,084.05 |
| High | C$2,438.57 | ¥254,342.85 |
| Low | C$2,387.30 | ¥248,995.39 |
| Close | C$2,438.57 | ¥254,342.85 |