GOLD PRICE IN JAPANESE YEN — OCTOBER 6, 2020
💱 XAU/JPY · Tuesday, October 6, 2020
On Tuesday, October 6, 2020, the gold spot price was C$2,520.29 per troy ounce in Canadian Dollars, equivalent to ¥262,866.25 JPY per ounce or ¥8,451.34 JPY per gram. Gold fell -0.85% 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 6, 2020
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,520.29 | C$81.03 | C$81,029.09 |
| JPY | ¥262,866.25 | ¥8,451.34 | ¥8,451,333.85 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,527.58 | ¥263,626.59 |
| High | C$2,542.69 | ¥265,202.57 |
| Low | C$2,484.89 | ¥259,174.03 |
| Close | C$2,520.29 | ¥262,866.25 |