GOLD PRICE IN JAPANESE YEN — MARCH 6, 2023
💱 XAU/JPY · Monday, March 6, 2023
On Monday, March 6, 2023, the gold spot price was C$2,513.70 per troy ounce in Canadian Dollars, equivalent to ¥262,178.91 JPY per ounce or ¥8,429.24 JPY per gram. Gold rose +0.07% 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 6, 2023
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,513.70 | C$80.82 | C$80,817.21 |
| JPY | ¥262,178.91 | ¥8,429.24 | ¥8,429,235.48 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,521.04 | ¥262,944.47 |
| High | C$2,521.72 | ¥263,015.40 |
| Low | C$2,508.67 | ¥261,654.28 |
| Close | C$2,513.70 | ¥262,178.91 |