GOLD PRICE IN JAPANESE YEN — AUGUST 4, 2020
💱 XAU/JPY · Tuesday, August 4, 2020
On Tuesday, August 4, 2020, the gold spot price was C$2,680.41 per troy ounce in Canadian Dollars, equivalent to ¥279,566.76 JPY per ounce or ¥8,988.27 JPY per gram. Gold rose +1.77% 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 — AUGUST 4, 2020
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,680.41 | C$86.18 | C$86,177.06 |
| JPY | ¥279,566.76 | ¥8,988.27 | ¥8,988,267.13 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,639.96 | ¥275,347.83 |
| High | C$2,700.50 | ¥281,662.15 |
| Low | C$2,637.01 | ¥275,040.14 |
| Close | C$2,680.41 | ¥279,566.76 |