GOLD PRICE IN JAPANESE YEN — FEBRUARY 8, 2024
💱 XAU/JPY · Thursday, February 8, 2024
On Thursday, February 8, 2024, the gold spot price was C$2,736.15 per troy ounce in Canadian Dollars, equivalent to ¥285,380.45 JPY per ounce or ¥9,175.19 JPY per gram. Gold fell -0.33% 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 8, 2024
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,736.15 | C$87.97 | C$87,969.14 |
| JPY | ¥285,380.45 | ¥9,175.19 | ¥9,175,181.07 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,730.50 | ¥284,791.15 |
| High | C$2,742.21 | ¥286,012.50 |
| Low | C$2,720.13 | ¥283,709.56 |
| Close | C$2,736.15 | ¥285,380.45 |