GOLD PRICE IN JAPANESE YEN — AUGUST 7, 2023
💱 XAU/JPY · Monday, August 7, 2023
On Monday, August 7, 2023, the gold spot price was C$2,585.67 per troy ounce in Canadian Dollars, equivalent to ¥269,685.38 JPY per ounce or ¥8,670.58 JPY per gram. Gold fell -0.15% 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 7, 2023
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,585.67 | C$83.13 | C$83,131.10 |
| JPY | ¥269,685.38 | ¥8,670.58 | ¥8,670,573.78 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,595.70 | ¥270,731.51 |
| High | C$2,595.70 | ¥270,731.51 |
| Low | C$2,580.72 | ¥269,169.10 |
| Close | C$2,585.67 | ¥269,685.38 |