GOLD PRICE IN JAPANESE YEN — JANUARY 6, 2021

On Wednesday, January 6, 2021, the gold spot price was C$2,416.94 per troy ounce in Canadian Dollars, equivalent to ¥252,086.84 JPY per ounce or ¥8,104.77 JPY per gram. Gold fell -3.16% 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.