GOLD PRICE IN JAPANESE YEN — JANUARY 5, 2024
💱 XAU/JPY · Friday, January 5, 2024
On Friday, January 5, 2024, the gold spot price was C$2,727.63 per troy ounce in Canadian Dollars, equivalent to ¥284,491.81 JPY per ounce or ¥9,146.62 JPY per gram. Gold rose +0.06% 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 — JANUARY 5, 2024
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,727.63 | C$87.70 | C$87,695.21 |
| JPY | ¥284,491.81 | ¥9,146.62 | ¥9,146,610.80 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,730.43 | ¥284,783.85 |
| High | C$2,735.24 | ¥285,285.53 |
| Low | C$2,727.63 | ¥284,491.81 |
| Close | C$2,727.63 | ¥284,491.81 |