GOLD PRICE IN JAPANESE YEN — AUGUST 31, 2020
💱 XAU/JPY · Monday, August 31, 2020
On Monday, August 31, 2020, the gold spot price was C$2,573.68 per troy ounce in Canadian Dollars, equivalent to ¥268,434.82 JPY per ounce or ¥8,630.37 JPY per gram. Gold fell -0.16% 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 31, 2020
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,573.68 | C$82.75 | C$82,745.61 |
| JPY | ¥268,434.82 | ¥8,630.37 | ¥8,630,367.50 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,576.82 | ¥268,762.33 |
| High | C$2,578.52 | ¥268,939.64 |
| Low | C$2,554.98 | ¥266,484.41 |
| Close | C$2,573.68 | ¥268,434.82 |