GOLD PRICE IN JAPANESE YEN — OCTOBER 16, 2020
💱 XAU/JPY · Friday, October 16, 2020
On Friday, October 16, 2020, the gold spot price was C$2,513.83 per troy ounce in Canadian Dollars, equivalent to ¥262,192.47 JPY per ounce or ¥8,429.68 JPY per gram. Gold rose +0.46% 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 16, 2020
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,513.83 | C$80.82 | C$80,821.39 |
| JPY | ¥262,192.47 | ¥8,429.68 | ¥8,429,671.41 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,510.79 | ¥261,875.40 |
| High | C$2,513.83 | ¥262,192.47 |
| Low | C$2,510.79 | ¥261,875.40 |
| Close | C$2,513.83 | ¥262,192.47 |