GOLD PRICE IN JAPANESE YEN — AUGUST 28, 2020
💱 XAU/JPY · Friday, August 28, 2020
On Friday, August 28, 2020, the gold spot price was C$2,577.87 per troy ounce in Canadian Dollars, equivalent to ¥268,871.84 JPY per ounce or ¥8,644.42 JPY per gram. Gold rose +2.11% 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 28, 2020
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,577.87 | C$82.88 | C$82,880.33 |
| JPY | ¥268,871.84 | ¥8,644.42 | ¥8,644,417.90 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,528.66 | ¥263,739.24 |
| High | C$2,586.66 | ¥269,788.64 |
| Low | C$2,522.63 | ¥263,110.31 |
| Close | C$2,577.87 | ¥268,871.84 |