GOLD PRICE IN JAPANESE YEN — MAY 16, 2024
💱 XAU/JPY · Thursday, May 16, 2024
On Thursday, May 16, 2024, the gold spot price was C$3,236.09 per troy ounce in Canadian Dollars, equivalent to ¥337,524.19 JPY per ounce or ¥10,851.65 JPY per gram. Gold fell -0.77% 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 16, 2024
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$3,236.09 | C$104.04 | C$104,042.56 |
| JPY | ¥337,524.19 | ¥10,851.65 | ¥10,851,638.88 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$3,249.00 | ¥338,870.70 |
| High | C$3,252.67 | ¥339,253.48 |
| Low | C$3,236.09 | ¥337,524.19 |
| Close | C$3,236.09 | ¥337,524.19 |