GOLD PRICE IN JAPANESE YEN — OCTOBER 8, 2020
💱 XAU/JPY · Thursday, October 8, 2020
On Thursday, October 8, 2020, the gold spot price was C$2,503.87 per troy ounce in Canadian Dollars, equivalent to ¥261,153.64 JPY per ounce or ¥8,396.28 JPY per gram. Gold fell -0.21% 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 8, 2020
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,503.87 | C$80.50 | C$80,501.17 |
| JPY | ¥261,153.64 | ¥8,396.28 | ¥8,396,272.37 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,509.70 | ¥261,761.71 |
| High | C$2,509.70 | ¥261,761.71 |
| Low | C$2,496.05 | ¥260,338.02 |
| Close | C$2,503.87 | ¥261,153.64 |