GOLD PRICE IN INDIAN RUPEE — MAY 11, 2007

On Friday, May 11, 2007, the gold spot price was C$746.18 per troy ounce in Canadian Dollars, equivalent to ₹43,203.82 INR per ounce or ₹1,389.03 INR per gram. Gold rose +1.00% 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.