GOLD PRICE IN JAPANESE YEN — MAY 31, 2023
💱 XAU/JPY · Wednesday, May 31, 2023
On Wednesday, May 31, 2023, the gold spot price was C$2,670.85 per troy ounce in Canadian Dollars, equivalent to ¥278,569.65 JPY per ounce or ¥8,956.22 JPY per gram. Gold rose +0.29% 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 31, 2023
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,670.85 | C$85.87 | C$85,869.70 |
| JPY | ¥278,569.65 | ¥8,956.22 | ¥8,956,209.41 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,663.09 | ¥277,760.29 |
| High | C$2,683.22 | ¥279,859.85 |
| Low | C$2,656.02 | ¥277,022.89 |
| Close | C$2,670.85 | ¥278,569.65 |