GOLD PRICE IN JAPANESE YEN — MAY 1, 2023
💱 XAU/JPY · Monday, May 1, 2023
On Monday, May 1, 2023, the gold spot price was C$2,689.31 per troy ounce in Canadian Dollars, equivalent to ¥280,495.03 JPY per ounce or ¥9,018.12 JPY per gram. Gold fell -0.63% 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 — MAY 1, 2023
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,689.31 | C$86.46 | C$86,463.20 |
| JPY | ¥280,495.03 | ¥9,018.12 | ¥9,018,111.66 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,684.84 | ¥280,028.81 |
| High | C$2,718.60 | ¥283,549.98 |
| Low | C$2,680.50 | ¥279,576.15 |
| Close | C$2,689.31 | ¥280,495.03 |