GOLD PRICE IN JAPANESE YEN — AUGUST 7, 2024
💱 XAU/JPY · Wednesday, August 7, 2024
On Wednesday, August 7, 2024, the gold spot price was C$3,295.66 per troy ounce in Canadian Dollars, equivalent to ¥343,737.34 JPY per ounce or ¥11,051.40 JPY per gram. Gold fell -0.08% 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 — AUGUST 7, 2024
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$3,295.66 | C$105.96 | C$105,957.78 |
| JPY | ¥343,737.34 | ¥11,051.40 | ¥11,051,396.03 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$3,298.01 | ¥343,982.44 |
| High | C$3,310.14 | ¥345,247.60 |
| Low | C$3,287.39 | ¥342,874.78 |
| Close | C$3,295.66 | ¥343,737.34 |