GOLD PRICE IN JAPANESE YEN — JANUARY 31, 2024
💱 XAU/JPY · Wednesday, January 31, 2024
On Wednesday, January 31, 2024, the gold spot price was C$2,745.20 per troy ounce in Canadian Dollars, equivalent to ¥286,324.36 JPY per ounce or ¥9,205.54 JPY per gram. Gold rose +0.76% 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 31, 2024
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,745.20 | C$88.26 | C$88,260.10 |
| JPY | ¥286,324.36 | ¥9,205.54 | ¥9,205,528.60 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,727.78 | ¥284,507.45 |
| High | C$2,754.05 | ¥287,247.42 |
| Low | C$2,720.55 | ¥283,753.37 |
| Close | C$2,745.20 | ¥286,324.36 |