GOLD PRICE IN JAPANESE YEN — JUNE 7, 2023
💱 XAU/JPY · Wednesday, June 7, 2023
On Wednesday, June 7, 2023, the gold spot price was C$2,602.95 per troy ounce in Canadian Dollars, equivalent to ¥271,487.69 JPY per ounce or ¥8,728.53 JPY per gram. Gold fell -1.52% 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 — JUNE 7, 2023
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,602.95 | C$83.69 | C$83,686.66 |
| JPY | ¥271,487.69 | ¥8,728.53 | ¥8,728,519.11 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,624.79 | ¥273,765.60 |
| High | C$2,637.38 | ¥275,078.73 |
| Low | C$2,600.27 | ¥271,208.16 |
| Close | C$2,602.95 | ¥271,487.69 |