GOLD PRICE IN JAPANESE YEN — NOVEMBER 5, 2020
💱 XAU/JPY · Thursday, November 5, 2020
On Thursday, November 5, 2020, the gold spot price was C$2,553.48 per troy ounce in Canadian Dollars, equivalent to ¥266,327.96 JPY per ounce or ¥8,562.64 JPY per gram. Gold rose +2.87% 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 5, 2020
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,553.48 | C$82.10 | C$82,096.17 |
| JPY | ¥266,327.96 | ¥8,562.64 | ¥8,562,630.47 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,496.25 | ¥260,358.88 |
| High | C$2,557.02 | ¥266,697.19 |
| Low | C$2,496.25 | ¥260,358.88 |
| Close | C$2,553.48 | ¥266,327.96 |