GOLD PRICE IN JAPANESE YEN — DECEMBER 9, 2020
💱 XAU/JPY · Wednesday, December 9, 2020
On Wednesday, December 9, 2020, the gold spot price was C$2,351.26 per troy ounce in Canadian Dollars, equivalent to ¥245,236.42 JPY per ounce or ¥7,884.53 JPY per gram. Gold fell -1.83% 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 9, 2020
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,351.26 | C$75.59 | C$75,594.65 |
| JPY | ¥245,236.42 | ¥7,884.53 | ¥7,884,522.50 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,392.91 | ¥249,580.51 |
| High | C$2,392.91 | ¥249,580.51 |
| Low | C$2,341.52 | ¥244,220.54 |
| Close | C$2,351.26 | ¥245,236.42 |