GOLD PRICE IN JAPANESE YEN — NOVEMBER 9, 2020
💱 XAU/JPY · Monday, November 9, 2020
On Monday, November 9, 2020, the gold spot price was C$2,413.29 per troy ounce in Canadian Dollars, equivalent to ¥251,706.15 JPY per ounce or ¥8,092.53 JPY per gram. Gold fell -5.41% 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 9, 2020
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,413.29 | C$77.59 | C$77,588.96 |
| JPY | ¥251,706.15 | ¥8,092.53 | ¥8,092,528.82 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,546.64 | ¥265,614.55 |
| High | C$2,556.54 | ¥266,647.12 |
| Low | C$2,405.35 | ¥250,878.00 |
| Close | C$2,413.29 | ¥251,706.15 |