GOLD PRICE IN JAPANESE YEN — NOVEMBER 2, 2020
💱 XAU/JPY · Monday, November 2, 2020
On Monday, November 2, 2020, the gold spot price was C$2,527.07 per troy ounce in Canadian Dollars, equivalent to ¥263,573.40 JPY per ounce or ¥8,474.08 JPY per gram. Gold rose +1.09% 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 — NOVEMBER 2, 2020
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,527.07 | C$81.25 | C$81,247.07 |
| JPY | ¥263,573.40 | ¥8,474.08 | ¥8,474,069.34 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,503.67 | ¥261,132.78 |
| High | C$2,532.82 | ¥264,173.13 |
| Low | C$2,503.67 | ¥261,132.78 |
| Close | C$2,527.07 | ¥263,573.40 |