GOLD PRICE IN JAPANESE YEN — DECEMBER 8, 2023
💱 XAU/JPY · Friday, December 8, 2023
On Friday, December 8, 2023, the gold spot price was C$2,717.41 per troy ounce in Canadian Dollars, equivalent to ¥283,425.86 JPY per ounce or ¥9,112.35 JPY per gram. Gold fell -1.51% 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 — DECEMBER 8, 2023
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,717.41 | C$87.37 | C$87,366.63 |
| JPY | ¥283,425.86 | ¥9,112.35 | ¥9,112,339.89 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,762.83 | ¥288,163.17 |
| High | C$2,764.73 | ¥288,361.34 |
| Low | C$2,712.92 | ¥282,957.56 |
| Close | C$2,717.41 | ¥283,425.86 |