GOLD PRICE IN JAPANESE YEN — OCTOBER 7, 2020
💱 XAU/JPY · Wednesday, October 7, 2020
On Wednesday, October 7, 2020, the gold spot price was C$2,509.20 per troy ounce in Canadian Dollars, equivalent to ¥261,709.56 JPY per ounce or ¥8,414.15 JPY per gram. Gold fell -0.44% 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 7, 2020
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,509.20 | C$80.67 | C$80,672.54 |
| JPY | ¥261,709.56 | ¥8,414.15 | ¥8,414,145.55 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,496.54 | ¥260,389.12 |
| High | C$2,517.46 | ¥262,571.08 |
| Low | C$2,495.21 | ¥260,250.40 |
| Close | C$2,509.20 | ¥261,709.56 |