Skip to content
Subscriber Only

Gold in Tokyo Advances to Record; Platinum Reaches Two-Year High

Gold futures climbed to a record in Tokyo as a weaker Japanese currency boosted the appeal of yen-based contracts and platinum jumped to the highest level in more than two years on gains in vehicle sales in the U.S.

Bullion for delivery in December rose as much as 1.2 percent to 5,000 yen per gram ($1,678 an ounce) on the Tokyo Commodity Exchange before trading at 4,995 yen by 2:21 p.m. local time. Platinum for the same month increased 2.7 percent to 5,130 yen per gram, the highest level for the most-active contract since May 17, 2010.