GOLD PRICE IN JAPANESE YEN — MARCH 8, 2024
💱 XAU/JPY · Friday, March 8, 2024
On Friday, March 8, 2024, the gold spot price was C$2,930.65 per troy ounce in Canadian Dollars, equivalent to ¥305,666.80 JPY per ounce or ¥9,827.41 JPY per gram. Gold rose +0.50% 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 8, 2024
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,930.65 | C$94.22 | C$94,222.45 |
| JPY | ¥305,666.80 | ¥9,827.41 | ¥9,827,401.43 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,915.45 | ¥304,081.44 |
| High | C$2,952.58 | ¥307,954.09 |
| Low | C$2,914.11 | ¥303,941.67 |
| Close | C$2,930.65 | ¥305,666.80 |