GOLD PRICE IN INDIAN RUPEE — OCTOBER 12, 2006

On Thursday, October 12, 2006, the gold spot price was C$653.52 per troy ounce in Canadian Dollars, equivalent to ₹37,838.81 INR per ounce or ₹1,216.55 INR per gram. Gold rose +0.41% 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.