GOLD PRICE IN INDIAN RUPEE — MAY 16, 2001

On Wednesday, May 16, 2001, the gold spot price was C$367.20 per troy ounce in Canadian Dollars, equivalent to ₹21,260.88 INR per ounce or ₹683.55 INR per gram. Gold rose +1.45% from the previous trading session.

Currency fluctuations between CAD and INR significantly impact the effective cost of gold for international investors. India is the world's second-largest consumer of gold, with deep cultural and religious significance for gold jewelry and investment. Indian gold imports significantly influence global demand patterns. Canadian-Indian diaspora investors often track gold prices in both CAD and INR for family purchases and remittances.