GOLD PRICE IN JAPANESE YEN — FEBRUARY 3, 2025

On Monday, February 3, 2025, the gold spot price was C$4,170.65 per troy ounce in Canadian Dollars, equivalent to ¥434,998.79 JPY per ounce or ¥13,985.53 JPY per gram. Gold rose +2.32% 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.