GOLD PRICE IN INDIAN RUPEE — MAY 17, 2004

On Monday, May 17, 2004, the gold spot price was C$529.71 per troy ounce in Canadian Dollars, equivalent to ₹30,670.21 INR per ounce or ₹986.07 INR per gram. Gold rose +1.26% 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.