GOLD PRICE IN INDIAN RUPEE — OCTOBER 16, 2008

On Thursday, October 16, 2008, the gold spot price was C$945.93 per troy ounce in Canadian Dollars, equivalent to ₹54,769.35 INR per ounce or ₹1,760.87 INR per gram. Gold fell -5.02% 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.