GOLD PRICE IN JAPANESE YEN — MARCH 1, 2023
💱 XAU/JPY · Wednesday, March 1, 2023
On Wednesday, March 1, 2023, the gold spot price was C$2,507.58 per troy ounce in Canadian Dollars, equivalent to ¥261,540.59 JPY per ounce or ¥8,408.72 JPY per gram. Gold rose +1.01% 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 — MARCH 1, 2023
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,507.58 | C$80.62 | C$80,620.45 |
| JPY | ¥261,540.59 | ¥8,408.72 | ¥8,408,713.18 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,493.11 | ¥260,031.37 |
| High | C$2,513.04 | ¥262,110.07 |
| Low | C$2,493.11 | ¥260,031.37 |
| Close | C$2,507.58 | ¥261,540.59 |