GOLD PRICE IN JAPANESE YEN — AUGUST 7, 2020
💱 XAU/JPY · Friday, August 7, 2020
On Friday, August 7, 2020, the gold spot price was C$2,677.13 per troy ounce in Canadian Dollars, equivalent to ¥279,224.66 JPY per ounce or ¥8,977.27 JPY per gram. Gold fell -1.62% 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 7, 2020
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,677.13 | C$86.07 | C$86,071.60 |
| JPY | ¥279,224.66 | ¥8,977.27 | ¥8,977,268.24 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,717.09 | ¥283,392.49 |
| High | C$2,736.93 | ¥285,461.80 |
| Low | C$2,676.47 | ¥279,155.82 |
| Close | C$2,677.13 | ¥279,224.66 |