GOLD PRICE IN JAPANESE YEN — FEBRUARY 7, 2024
💱 XAU/JPY · Wednesday, February 7, 2024
On Wednesday, February 7, 2024, the gold spot price was C$2,745.34 per troy ounce in Canadian Dollars, equivalent to ¥286,338.96 JPY per ounce or ¥9,206.00 JPY per gram. Gold fell -0.36% 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 7, 2024
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,745.34 | C$88.26 | C$88,264.60 |
| JPY | ¥286,338.96 | ¥9,206.00 | ¥9,205,998.07 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,742.10 | ¥286,001.03 |
| High | C$2,751.14 | ¥286,943.90 |
| Low | C$2,741.97 | ¥285,987.47 |
| Close | C$2,745.34 | ¥286,338.96 |