GOLD PRICE IN JAPANESE YEN — MARCH 16, 2023
💱 XAU/JPY · Thursday, March 16, 2023
On Thursday, March 16, 2023, the gold spot price was C$2,641.48 per troy ounce in Canadian Dollars, equivalent to ¥275,506.36 JPY per ounce or ¥8,857.73 JPY per gram. Gold rose +0.16% 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 16, 2023
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,641.48 | C$84.93 | C$84,925.43 |
| JPY | ¥275,506.36 | ¥8,857.73 | ¥8,857,722.46 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,628.96 | ¥274,200.53 |
| High | C$2,658.97 | ¥277,330.57 |
| Low | C$2,628.96 | ¥274,200.53 |
| Close | C$2,641.48 | ¥275,506.36 |