GOLD PRICE IN JAPANESE YEN — MARCH 7, 2024
💱 XAU/JPY · Thursday, March 7, 2024
On Thursday, March 7, 2024, the gold spot price was C$2,916.04 per troy ounce in Canadian Dollars, equivalent to ¥304,142.97 JPY per ounce or ¥9,778.42 JPY per gram. Gold fell -0.21% 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 7, 2024
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,916.04 | C$93.75 | C$93,752.73 |
| JPY | ¥304,142.97 | ¥9,778.42 | ¥9,778,409.45 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,901.18 | ¥302,593.07 |
| High | C$2,922.80 | ¥304,848.04 |
| Low | C$2,901.18 | ¥302,593.07 |
| Close | C$2,916.04 | ¥304,142.97 |