GOLD PRICE IN JAPANESE YEN — OCTOBER 18, 2023
💱 XAU/JPY · Wednesday, October 18, 2023
On Wednesday, October 18, 2023, the gold spot price was C$2,669.57 per troy ounce in Canadian Dollars, equivalent to ¥278,436.15 JPY per ounce or ¥8,951.92 JPY per gram. Gold rose +1.98% 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 — OCTOBER 18, 2023
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,669.57 | C$85.83 | C$85,828.54 |
| JPY | ¥278,436.15 | ¥8,951.92 | ¥8,951,917.16 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,641.86 | ¥275,546.00 |
| High | C$2,673.12 | ¥278,806.42 |
| Low | C$2,641.86 | ¥275,546.00 |
| Close | C$2,669.57 | ¥278,436.15 |