GOLD PRICE IN JAPANESE YEN — MAY 31, 2024
💱 XAU/JPY · Friday, May 31, 2024
On Friday, May 31, 2024, the gold spot price was C$3,178.49 per troy ounce in Canadian Dollars, equivalent to ¥331,516.51 JPY per ounce or ¥10,658.50 JPY per gram. Gold fell -1.10% 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 31, 2024
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$3,178.49 | C$102.19 | C$102,190.68 |
| JPY | ¥331,516.51 | ¥10,658.50 | ¥10,658,487.76 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$3,207.50 | ¥334,542.25 |
| High | C$3,221.05 | ¥335,955.52 |
| Low | C$3,173.16 | ¥330,960.59 |
| Close | C$3,178.49 | ¥331,516.51 |