GOLD PRICE IN JAPANESE YEN — AUGUST 5, 2020
💱 XAU/JPY · Wednesday, August 5, 2020
On Wednesday, August 5, 2020, the gold spot price was C$2,700.51 per troy ounce in Canadian Dollars, equivalent to ¥281,663.19 JPY per ounce or ¥9,055.68 JPY per gram. Gold rose +0.75% 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 5, 2020
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,700.51 | C$86.82 | C$86,823.29 |
| JPY | ¥281,663.19 | ¥9,055.68 | ¥9,055,668.82 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,691.07 | ¥280,678.60 |
| High | C$2,725.90 | ¥284,311.37 |
| Low | C$2,673.79 | ¥278,876.30 |
| Close | C$2,700.51 | ¥281,663.19 |