GOLD PRICE IN JAPANESE YEN — OCTOBER 5, 2020
💱 XAU/JPY · Monday, October 5, 2020
On Monday, October 5, 2020, the gold spot price was C$2,541.90 per troy ounce in Canadian Dollars, equivalent to ¥265,120.17 JPY per ounce or ¥8,523.81 JPY per gram. Gold rose +0.70% 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 — OCTOBER 5, 2020
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,541.90 | C$81.72 | C$81,723.86 |
| JPY | ¥265,120.17 | ¥8,523.81 | ¥8,523,799.05 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,523.83 | ¥263,235.47 |
| High | C$2,546.02 | ¥265,549.89 |
| Low | C$2,504.95 | ¥261,266.28 |
| Close | C$2,541.90 | ¥265,120.17 |