GOLD PRICE IN JAPANESE YEN — AUGUST 16, 2024
💱 XAU/JPY · Friday, August 16, 2024
On Friday, August 16, 2024, the gold spot price was C$3,431.48 per troy ounce in Canadian Dollars, equivalent to ¥357,903.36 JPY per ounce or ¥11,506.85 JPY per gram. Gold rose +1.99% 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 16, 2024
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$3,431.48 | C$110.32 | C$110,324.48 |
| JPY | ¥357,903.36 | ¥11,506.85 | ¥11,506,843.68 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$3,369.54 | ¥351,443.02 |
| High | C$3,444.39 | ¥359,249.88 |
| Low | C$3,366.65 | ¥351,141.60 |
| Close | C$3,431.48 | ¥357,903.36 |