GOLD PRICE IN JAPANESE YEN — MAY 19, 2022

On Thursday, May 19, 2022, the gold spot price was C$2,372.24 per troy ounce in Canadian Dollars, equivalent to ¥247,424.63 JPY per ounce or ¥7,954.88 JPY per gram. Gold rose +2.00% 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.