GOLD PRICE IN INDIAN RUPEE — OCTOBER 31, 2011

On Monday, October 31, 2011, the gold spot price was C$1,713.34 per troy ounce in Canadian Dollars, equivalent to ₹99,202.39 INR per ounce or ₹3,189.43 INR per gram. Gold fell -1.10% 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.