GOLD PRICE IN INDIAN RUPEE — MAY 15, 2007

On Tuesday, May 15, 2007, the gold spot price was C$739.02 per troy ounce in Canadian Dollars, equivalent to ₹42,789.26 INR per ounce or ₹1,375.71 INR per gram. Gold fell -0.05% 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.