GOLD PRICE IN JAPANESE YEN — OCTOBER 23, 2020
💱 XAU/JPY · Friday, October 23, 2020
On Friday, October 23, 2020, the gold spot price was C$2,498.60 per troy ounce in Canadian Dollars, equivalent to ¥260,603.98 JPY per ounce or ¥8,378.61 JPY per gram. Gold fell -0.08% 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 23, 2020
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,498.60 | C$80.33 | C$80,331.74 |
| JPY | ¥260,603.98 | ¥8,378.61 | ¥8,378,600.38 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,495.84 | ¥260,316.11 |
| High | C$2,513.44 | ¥262,151.79 |
| Low | C$2,490.98 | ¥259,809.21 |
| Close | C$2,498.60 | ¥260,603.98 |