GOLD PRICE IN INDIAN RUPEE — DECEMBER 16, 2002

On Monday, December 16, 2002, the gold spot price was C$454.95 per troy ounce in Canadian Dollars, equivalent to ₹26,341.61 INR per ounce or ₹846.90 INR per gram. Gold rose +1.14% 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.