GOLD PRICE IN JAPANESE YEN — OCTOBER 14, 2020
💱 XAU/JPY · Wednesday, October 14, 2020
On Wednesday, October 14, 2020, the gold spot price was C$2,498.65 per troy ounce in Canadian Dollars, equivalent to ¥260,609.20 JPY per ounce or ¥8,378.77 JPY per gram. Gold rose +0.90% 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 14, 2020
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,498.65 | C$80.33 | C$80,333.35 |
| JPY | ¥260,609.20 | ¥8,378.77 | ¥8,378,768.05 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,483.41 | ¥259,019.66 |
| High | C$2,511.14 | ¥261,911.90 |
| Low | C$2,473.94 | ¥258,031.94 |
| Close | C$2,498.65 | ¥260,609.20 |