GOLD PRICE IN INDIAN RUPEE — AUGUST 18, 2003

On Monday, August 18, 2003, the gold spot price was C$483.84 per troy ounce in Canadian Dollars, equivalent to ₹28,014.34 INR per ounce or ₹900.68 INR per gram. Gold fell -1.32% 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.