GOLD PRICE IN JAPANESE YEN — AUGUST 6, 2020
💱 XAU/JPY · Thursday, August 6, 2020
On Thursday, August 6, 2020, the gold spot price was C$2,721.27 per troy ounce in Canadian Dollars, equivalent to ¥283,828.46 JPY per ounce or ¥9,125.29 JPY per gram. Gold rose +0.77% 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 6, 2020
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,721.27 | C$87.49 | C$87,490.74 |
| JPY | ¥283,828.46 | ¥9,125.29 | ¥9,125,283.70 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,713.31 | ¥282,998.23 |
| High | C$2,736.53 | ¥285,420.08 |
| Low | C$2,706.02 | ¥282,237.89 |
| Close | C$2,721.27 | ¥283,828.46 |