GOLD PRICE IN JAPANESE YEN — NOVEMBER 4, 2020
💱 XAU/JPY · Wednesday, November 4, 2020
On Wednesday, November 4, 2020, the gold spot price was C$2,482.32 per troy ounce in Canadian Dollars, equivalent to ¥258,905.98 JPY per ounce or ¥8,324.01 JPY per gram. Gold fell -1.62% 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 4, 2020
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,482.32 | C$79.81 | C$79,808.33 |
| JPY | ¥258,905.98 | ¥8,324.01 | ¥8,324,008.36 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,481.28 | ¥258,797.50 |
| High | C$2,498.57 | ¥260,600.85 |
| Low | C$2,470.14 | ¥257,635.60 |
| Close | C$2,482.32 | ¥258,905.98 |