GOLD PRICE IN JAPANESE YEN — MARCH 8, 2023
💱 XAU/JPY · Wednesday, March 8, 2023
On Wednesday, March 8, 2023, the gold spot price was C$2,492.10 per troy ounce in Canadian Dollars, equivalent to ¥259,926.03 JPY per ounce or ¥8,356.81 JPY per gram. Gold rose +0.90% 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 8, 2023
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,492.10 | C$80.12 | C$80,122.76 |
| JPY | ¥259,926.03 | ¥8,356.81 | ¥8,356,803.81 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,490.59 | ¥259,768.54 |
| High | C$2,492.37 | ¥259,954.19 |
| Low | C$2,490.45 | ¥259,753.93 |
| Close | C$2,492.10 | ¥259,926.03 |