GOLD PRICE IN JAPANESE YEN — AUGUST 24, 2020
💱 XAU/JPY · Monday, August 24, 2020
On Monday, August 24, 2020, the gold spot price was C$2,540.69 per troy ounce in Canadian Dollars, equivalent to ¥264,993.97 JPY per ounce or ¥8,519.75 JPY per gram. Gold fell -0.30% 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 24, 2020
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,540.69 | C$81.69 | C$81,684.96 |
| JPY | ¥264,993.97 | ¥8,519.75 | ¥8,519,741.53 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,543.98 | ¥265,337.11 |
| High | C$2,556.90 | ¥266,684.67 |
| Low | C$2,533.44 | ¥264,237.79 |
| Close | C$2,540.69 | ¥264,993.97 |