GOLD PRICE IN JAPANESE YEN — JUNE 8, 2023
💱 XAU/JPY · Thursday, June 8, 2023
On Thursday, June 8, 2023, the gold spot price was C$2,625.65 per troy ounce in Canadian Dollars, equivalent to ¥273,855.30 JPY per ounce or ¥8,804.65 JPY per gram. Gold rose +0.87% 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 8, 2023
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,625.65 | C$84.42 | C$84,416.49 |
| JPY | ¥273,855.30 | ¥8,804.65 | ¥8,804,639.43 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,598.37 | ¥271,009.99 |
| High | C$2,632.87 | ¥274,608.34 |
| Low | C$2,598.24 | ¥270,996.43 |
| Close | C$2,625.65 | ¥273,855.30 |