GOLD PRICE IN JAPANESE YEN — AUGUST 4, 2023
💱 XAU/JPY · Friday, August 4, 2023
On Friday, August 4, 2023, the gold spot price was C$2,589.48 per troy ounce in Canadian Dollars, equivalent to ¥270,082.76 JPY per ounce or ¥8,683.36 JPY per gram. Gold rose +0.45% 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 4, 2023
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,589.48 | C$83.25 | C$83,253.59 |
| JPY | ¥270,082.76 | ¥8,683.36 | ¥8,683,349.92 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,583.21 | ¥269,428.80 |
| High | C$2,596.69 | ¥270,834.77 |
| Low | C$2,563.32 | ¥267,354.28 |
| Close | C$2,589.48 | ¥270,082.76 |