GOLD PRICE IN JAPANESE YEN — MARCH 1, 2024
💱 XAU/JPY · Friday, March 1, 2024
On Friday, March 1, 2024, the gold spot price was C$2,832.70 per troy ounce in Canadian Dollars, equivalent to ¥295,450.61 JPY per ounce or ¥9,498.95 JPY per gram. Gold rose +1.99% 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 — MARCH 1, 2024
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,832.70 | C$91.07 | C$91,073.29 |
| JPY | ¥295,450.61 | ¥9,498.95 | ¥9,498,943.93 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,773.24 | ¥289,248.93 |
| High | C$2,832.70 | ¥295,450.61 |
| Low | C$2,771.48 | ¥289,065.36 |
| Close | C$2,832.70 | ¥295,450.61 |