Gold prices in Japan renew historical high

Gold prices in Japan have once again renewed their historical high against the backdrop of growing investor interest in this asset, Report informs referring to the data of traders and trades.

Tanaka Kikinzoku, one of the country’s largest producers and sellers of precious metals, has set a retail price for 1 gram of gold at 9,680 yen ($70.45). The last time the historical maximum was renewed on April 13.

The cost of gold futures on the Tokyo Mercantile Exchange on Tuesday is about 8,756 yen ($63.71).

Meanwhile, trading on the Tokyo Stock Exchange opened higher indices against the backdrop of continued depreciation of the yen against the dollar, which is beneficial for Japanese export manufacturers.

The NikkeiCto index, which measures the fluctuations in the stock prices of 225 of the country’s leading companies, rose 0.2% to 29,181 points. The dollar strengthened by 0.49% against the yen, reaching 137.40-137.42 yen per dollar.