GOLD PRICE IN INDIAN RUPEE — MAY 16, 2006

On Tuesday, May 16, 2006, the gold spot price was C$765.49 per troy ounce in Canadian Dollars, equivalent to ₹44,321.87 INR per ounce or ₹1,424.98 INR per gram. Gold rose +0.56% 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.