GOLD PRICE IN INDIAN RUPEE — MAY 31, 2006

On Wednesday, May 31, 2006, the gold spot price was C$707.33 per troy ounce in Canadian Dollars, equivalent to ₹40,954.41 INR per ounce or ₹1,316.71 INR per gram. Gold fell -1.59% 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.