GOLD PRICE IN JAPANESE YEN — AUGUST 1, 2023
💱 XAU/JPY · Tuesday, August 1, 2023
On Tuesday, August 1, 2023, the gold spot price was C$2,560.17 per troy ounce in Canadian Dollars, equivalent to ¥267,025.73 JPY per ounce or ¥8,585.07 JPY per gram. Gold fell -1.95% 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 — AUGUST 1, 2023
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,560.17 | C$82.31 | C$82,311.26 |
| JPY | ¥267,025.73 | ¥8,585.07 | ¥8,585,064.17 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,592.10 | ¥270,356.03 |
| High | C$2,592.76 | ¥270,424.87 |
| Low | C$2,560.17 | ¥267,025.73 |
| Close | C$2,560.17 | ¥267,025.73 |