GOLD PRICE IN JAPANESE YEN — FEBRUARY 1, 2024
💱 XAU/JPY · Thursday, February 1, 2024
On Thursday, February 1, 2024, the gold spot price was C$2,758.31 per troy ounce in Canadian Dollars, equivalent to ¥287,691.73 JPY per ounce or ¥9,249.50 JPY per gram. Gold rose +0.48% 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 — FEBRUARY 1, 2024
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,758.31 | C$88.68 | C$88,681.60 |
| JPY | ¥287,691.73 | ¥9,249.50 | ¥9,249,490.60 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,741.11 | ¥285,897.77 |
| High | C$2,773.76 | ¥289,303.17 |
| Low | C$2,726.06 | ¥284,328.06 |
| Close | C$2,758.31 | ¥287,691.73 |