GOLD PRICE IN JAPANESE YEN — NOVEMBER 8, 2023
💱 XAU/JPY · Wednesday, November 8, 2023
On Wednesday, November 8, 2023, the gold spot price was C$2,686.92 per troy ounce in Canadian Dollars, equivalent to ¥280,245.76 JPY per ounce or ¥9,010.10 JPY per gram. Gold fell -0.26% 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 8, 2023
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,686.92 | C$86.39 | C$86,386.36 |
| JPY | ¥280,245.76 | ¥9,010.10 | ¥9,010,097.23 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,709.37 | ¥282,587.29 |
| High | C$2,709.37 | ¥282,587.29 |
| Low | C$2,681.69 | ¥279,700.27 |
| Close | C$2,686.92 | ¥280,245.76 |