GOLD PRICE IN JAPANESE YEN — JULY 8, 2020
💱 XAU/JPY · Wednesday, July 8, 2020
On Wednesday, July 8, 2020, the gold spot price was C$2,469.81 per troy ounce in Canadian Dollars, equivalent to ¥257,601.18 JPY per ounce or ¥8,282.06 JPY per gram. Gold rose +1.11% 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 — JULY 8, 2020
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,469.81 | C$79.41 | C$79,406.12 |
| JPY | ¥257,601.18 | ¥8,282.06 | ¥8,282,058.35 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,450.76 | ¥255,614.27 |
| High | C$2,473.07 | ¥257,941.20 |
| Low | C$2,450.76 | ¥255,614.27 |
| Close | C$2,469.81 | ¥257,601.18 |