GOLD PRICE IN INDIAN RUPEE — MAY 16, 2012
💱 XAU/INR · Wednesday, May 16, 2012
On Wednesday, May 16, 2012, the gold spot price was C$1,546.80 per troy ounce in Canadian Dollars, equivalent to ₹89,559.72 INR per ounce or ₹2,879.41 INR per gram. Gold fell -0.86% 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.
PRICE COMPARISON — MAY 16, 2012
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,546.80 | C$49.73 | C$49,730.70 |
| INR | ₹89,559.72 | ₹2,879.41 | ₹2,879,407.69 |
SPOT OHLC (CAD)
| Metric | CAD | INR |
|---|---|---|
| Open | C$1,552.04 | ₹89,863.12 |
| High | C$1,552.04 | ₹89,863.12 |
| Low | C$1,539.05 | ₹89,111.00 |
| Close | C$1,546.80 | ₹89,559.72 |