GOLD PRICE IN INDIAN RUPEE — MAY 16, 2003

On Friday, May 16, 2003, the gold spot price was C$478.85 per troy ounce in Canadian Dollars, equivalent to ₹27,725.42 INR per ounce or ₹891.39 INR per gram. Gold rose +0.60% 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.