GOLD PRICE IN INDIAN RUPEE — MAY 7, 2004

On Friday, May 7, 2004, the gold spot price was C$523.97 per troy ounce in Canadian Dollars, equivalent to ₹30,337.86 INR per ounce or ₹975.38 INR per gram. Gold fell -1.92% 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.