GOLD PRICE IN JAPANESE YEN — NOVEMBER 12, 2020
💱 XAU/JPY · Thursday, November 12, 2020
On Thursday, November 12, 2020, the gold spot price was C$2,445.28 per troy ounce in Canadian Dollars, equivalent to ¥255,042.70 JPY per ounce or ¥8,199.81 JPY per gram. Gold rose +0.85% 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 12, 2020
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,445.28 | C$78.62 | C$78,617.46 |
| JPY | ¥255,042.70 | ¥8,199.81 | ¥8,199,801.46 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,440.58 | ¥254,552.49 |
| High | C$2,452.98 | ¥255,845.81 |
| Low | C$2,437.44 | ¥254,224.99 |
| Close | C$2,445.28 | ¥255,042.70 |