GOLD PRICE IN INDIAN RUPEE — OCTOBER 16, 2006

On Monday, October 16, 2006, the gold spot price was C$675.76 per troy ounce in Canadian Dollars, equivalent to ₹39,126.50 INR per ounce or ₹1,257.95 INR per gram. Gold rose +0.72% 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.