GOLD PRICE IN JAPANESE YEN — NOVEMBER 7, 2023
💱 XAU/JPY · Tuesday, November 7, 2023
On Tuesday, November 7, 2023, the gold spot price was C$2,693.99 per troy ounce in Canadian Dollars, equivalent to ¥280,983.16 JPY per ounce or ¥9,033.81 JPY per gram. Gold fell -0.48% 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 — NOVEMBER 7, 2023
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,693.99 | C$86.61 | C$86,613.66 |
| JPY | ¥280,983.16 | ¥9,033.81 | ¥9,033,805.19 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,693.57 | ¥280,939.35 |
| High | C$2,693.99 | ¥280,983.16 |
| Low | C$2,685.63 | ¥280,111.21 |
| Close | C$2,693.99 | ¥280,983.16 |