GOLD PRICE IN JAPANESE YEN — FEBRUARY 1, 2021

On Monday, February 1, 2021, the gold spot price was C$2,382.23 per troy ounce in Canadian Dollars, equivalent to ¥248,466.59 JPY per ounce or ¥7,988.38 JPY per gram. Gold rose +0.51% 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.