GOLD PRICE IN JAPANESE YEN — NOVEMBER 6, 2020
💱 XAU/JPY · Friday, November 6, 2020
On Friday, November 6, 2020, the gold spot price was C$2,551.40 per troy ounce in Canadian Dollars, equivalent to ¥266,111.02 JPY per ounce or ¥8,555.66 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 — NOVEMBER 6, 2020
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,551.40 | C$82.03 | C$82,029.30 |
| JPY | ¥266,111.02 | ¥8,555.66 | ¥8,555,655.57 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,538.97 | ¥264,814.57 |
| High | C$2,562.52 | ¥267,270.84 |
| Low | C$2,538.97 | ¥264,814.57 |
| Close | C$2,551.40 | ¥266,111.02 |