GOLD PRICE IN JAPANESE YEN — DECEMBER 8, 2020
💱 XAU/JPY · Tuesday, December 8, 2020
On Tuesday, December 8, 2020, the gold spot price was C$2,395.00 per troy ounce in Canadian Dollars, equivalent to ¥249,798.50 JPY per ounce or ¥8,031.20 JPY per gram. Gold rose +0.66% 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 8, 2020
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,395.00 | C$77.00 | C$77,000.93 |
| JPY | ¥249,798.50 | ¥8,031.20 | ¥8,031,196.63 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,385.01 | ¥248,756.54 |
| High | C$2,401.40 | ¥250,466.02 |
| Low | C$2,383.48 | ¥248,596.96 |
| Close | C$2,395.00 | ¥249,798.50 |