GOLD PRICE IN JAPANESE YEN — DECEMBER 7, 2020
💱 XAU/JPY · Monday, December 7, 2020
On Monday, December 7, 2020, the gold spot price was C$2,379.31 per troy ounce in Canadian Dollars, equivalent to ¥248,162.03 JPY per ounce or ¥7,978.59 JPY per gram. Gold rose +0.74% 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 — DECEMBER 7, 2020
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,379.31 | C$76.50 | C$76,496.48 |
| JPY | ¥248,162.03 | ¥7,978.59 | ¥7,978,583.07 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,346.97 | ¥244,788.97 |
| High | C$2,385.82 | ¥248,841.03 |
| Low | C$2,326.91 | ¥242,696.71 |
| Close | C$2,379.31 | ¥248,162.03 |