GOLD PRICE IN INDIAN RUPEE — MAY 18, 2006

On Thursday, May 18, 2006, the gold spot price was C$760.88 per troy ounce in Canadian Dollars, equivalent to ₹44,054.95 INR per ounce or ₹1,416.40 INR per gram. Gold fell -1.18% 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.