GOLD PRICE IN INDIAN RUPEE — JULY 12, 2011

On Tuesday, July 12, 2011, the gold spot price was C$1,512.23 per troy ounce in Canadian Dollars, equivalent to ₹87,558.12 INR per ounce or ₹2,815.06 INR per gram. Gold rose +1.43% 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.