GOLD PRICE IN INDIAN RUPEE — AUGUST 5, 2004

On Thursday, August 5, 2004, the gold spot price was C$517.09 per troy ounce in Canadian Dollars, equivalent to ₹29,939.51 INR per ounce or ₹962.58 INR per gram. Gold rose +0.22% 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.