GOLD PRICE IN JAPANESE YEN — JANUARY 8, 2024
💱 XAU/JPY · Monday, January 8, 2024
On Monday, January 8, 2024, the gold spot price was C$2,707.50 per troy ounce in Canadian Dollars, equivalent to ¥282,392.25 JPY per ounce or ¥9,079.11 JPY per gram. Gold fell -0.74% 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 8, 2024
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,707.50 | C$87.05 | C$87,048.02 |
| JPY | ¥282,392.25 | ¥9,079.11 | ¥9,079,108.51 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,697.48 | ¥281,347.16 |
| High | C$2,716.98 | ¥283,381.01 |
| Low | C$2,697.48 | ¥281,347.16 |
| Close | C$2,707.50 | ¥282,392.25 |