GOLD PRICE IN JAPANESE YEN — MAY 6, 2024
💱 XAU/JPY · Monday, May 6, 2024
On Monday, May 6, 2024, the gold spot price was C$3,178.62 per troy ounce in Canadian Dollars, equivalent to ¥331,530.07 JPY per ounce or ¥10,658.93 JPY per gram. Gold rose +1.17% 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 — MAY 6, 2024
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$3,178.62 | C$102.19 | C$102,194.86 |
| JPY | ¥331,530.07 | ¥10,658.93 | ¥10,658,923.69 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$3,180.26 | ¥331,701.12 |
| High | C$3,183.96 | ¥332,087.03 |
| Low | C$3,168.49 | ¥330,473.51 |
| Close | C$3,178.62 | ¥331,530.07 |