GOLD PRICE IN JAPANESE YEN — OCTOBER 9, 2020
💱 XAU/JPY · Friday, October 9, 2020
On Friday, October 9, 2020, the gold spot price was C$2,532.22 per troy ounce in Canadian Dollars, equivalent to ¥264,110.55 JPY per ounce or ¥8,491.34 JPY per gram. Gold rose +1.13% 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 9, 2020
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,532.22 | C$81.41 | C$81,412.65 |
| JPY | ¥264,110.55 | ¥8,491.34 | ¥8,491,338.93 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,518.77 | ¥262,707.71 |
| High | C$2,544.89 | ¥265,432.03 |
| Low | C$2,513.23 | ¥262,129.89 |
| Close | C$2,532.22 | ¥264,110.55 |