GOLD PRICE IN JAPANESE YEN — NOVEMBER 16, 2020
💱 XAU/JPY · Monday, November 16, 2020
On Monday, November 16, 2020, the gold spot price was C$2,476.82 per troy ounce in Canadian Dollars, equivalent to ¥258,332.33 JPY per ounce or ¥8,305.57 JPY per gram. Gold fell -0.01% 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 16, 2020
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,476.82 | C$79.63 | C$79,631.50 |
| JPY | ¥258,332.33 | ¥8,305.57 | ¥8,305,565.11 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,460.15 | ¥256,593.65 |
| High | C$2,476.82 | ¥258,332.33 |
| Low | C$2,455.43 | ¥256,101.35 |
| Close | C$2,476.82 | ¥258,332.33 |