GOLD PRICE IN JAPANESE YEN — AUGUST 23, 2023
💱 XAU/JPY · Wednesday, August 23, 2023
On Wednesday, August 23, 2023, the gold spot price was C$2,599.59 per troy ounce in Canadian Dollars, equivalent to ¥271,137.24 JPY per ounce or ¥8,717.26 JPY per gram. Gold rose +1.22% 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 23, 2023
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,599.59 | C$83.58 | C$83,578.64 |
| JPY | ¥271,137.24 | ¥8,717.26 | ¥8,717,251.97 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,587.53 | ¥269,879.38 |
| High | C$2,599.59 | ¥271,137.24 |
| Low | C$2,587.53 | ¥269,879.38 |
| Close | C$2,599.59 | ¥271,137.24 |