GOLD PRICE IN JAPANESE YEN — OCTOBER 20, 2023

On Friday, October 20, 2023, the gold spot price was C$2,719.06 per troy ounce in Canadian Dollars, equivalent to ¥283,597.96 JPY per ounce or ¥9,117.88 JPY per gram. Gold rose +0.73% 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.