Japan's retail gold prices top 10,000 yen per gram for 1st time

Steep depreciation of yen pushes up domestic prices for precious metal

20230829 Japan Gold

The retail price of gold in Japan continues to reach new highs, hitting $68.31 per gram on Tuesday in Tokyo.

Nikkei staff writers

TOKYO -- Retail prices of gold in Japan exceeded 10,000 yen ($68.31) per gram for the first time on Tuesday, according to precious metal trader Tanaka Kikinzoku Kogyo.

The metal sold for 10,001 yen per gram on the day -- up 28 yen from the previous day -- setting a new high, the trader said.

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