GOLD PRICE IN JAPANESE YEN — AUGUST 16, 2023
💱 XAU/JPY · Wednesday, August 16, 2023
On Wednesday, August 16, 2023, the gold spot price was C$2,557.86 per troy ounce in Canadian Dollars, equivalent to ¥266,784.80 JPY per ounce or ¥8,577.32 JPY per gram. Gold fell -0.10% 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 16, 2023
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,557.86 | C$82.24 | C$82,236.99 |
| JPY | ¥266,784.80 | ¥8,577.32 | ¥8,577,318.01 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,569.19 | ¥267,966.52 |
| High | C$2,569.19 | ¥267,966.52 |
| Low | C$2,550.03 | ¥265,968.13 |
| Close | C$2,557.86 | ¥266,784.80 |