GOLD PRICE IN JAPANESE YEN — NOVEMBER 8, 2024
💱 XAU/JPY · Friday, November 8, 2024
On Friday, November 8, 2024, the gold spot price was C$3,726.84 per troy ounce in Canadian Dollars, equivalent to ¥388,709.41 JPY per ounce or ¥12,497.29 JPY per gram. Gold fell -0.98% 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 — NOVEMBER 8, 2024
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$3,726.84 | C$119.82 | C$119,820.51 |
| JPY | ¥388,709.41 | ¥12,497.29 | ¥12,497,279.69 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$3,728.22 | ¥388,853.35 |
| High | C$3,736.68 | ¥389,735.72 |
| Low | C$3,720.46 | ¥388,043.98 |
| Close | C$3,726.84 | ¥388,709.41 |