GOLD PRICE IN INDIAN RUPEE — MAY 23, 2005

On Monday, May 23, 2005, the gold spot price was C$524.17 per troy ounce in Canadian Dollars, equivalent to ₹30,349.44 INR per ounce or ₹975.76 INR per gram. Gold fell -0.69% 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.