GOLD PRICE IN JAPANESE YEN — AUGUST 8, 2023
💱 XAU/JPY · Tuesday, August 8, 2023
On Tuesday, August 8, 2023, the gold spot price was C$2,572.75 per troy ounce in Canadian Dollars, equivalent to ¥268,337.83 JPY per ounce or ¥8,627.25 JPY per gram. Gold fell -0.50% 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 8, 2023
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,572.75 | C$82.72 | C$82,715.71 |
| JPY | ¥268,337.83 | ¥8,627.25 | ¥8,627,248.91 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,582.91 | ¥269,397.51 |
| High | C$2,584.92 | ¥269,607.16 |
| Low | C$2,571.28 | ¥268,184.50 |
| Close | C$2,572.75 | ¥268,337.83 |