GOLD PRICE IN JAPANESE YEN — OCTOBER 16, 2024
💱 XAU/JPY · Wednesday, October 16, 2024
On Wednesday, October 16, 2024, the gold spot price was C$3,685.07 per troy ounce in Canadian Dollars, equivalent to ¥384,352.80 JPY per ounce or ¥12,357.22 JPY per gram. Gold rose +0.31% 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 — OCTOBER 16, 2024
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$3,685.07 | C$118.48 | C$118,477.58 |
| JPY | ¥384,352.80 | ¥12,357.22 | ¥12,357,211.60 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$3,685.07 | ¥384,352.80 |
| High | C$3,685.07 | ¥384,352.80 |
| Low | C$3,685.07 | ¥384,352.80 |
| Close | C$3,685.07 | ¥384,352.80 |