GOLD PRICE IN JAPANESE YEN — MAY 20, 2020
💱 XAU/JPY · Wednesday, May 20, 2020
On Wednesday, May 20, 2020, the gold spot price was C$2,439.99 per troy ounce in Canadian Dollars, equivalent to ¥254,490.96 JPY per ounce or ¥8,182.07 JPY per gram. Gold rose +0.36% 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 20, 2020
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,439.99 | C$78.45 | C$78,447.39 |
| JPY | ¥254,490.96 | ¥8,182.07 | ¥8,182,062.41 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,441.38 | ¥254,635.93 |
| High | C$2,442.08 | ¥254,708.94 |
| Low | C$2,433.02 | ¥253,763.99 |
| Close | C$2,439.99 | ¥254,490.96 |