GOLD PRICE IN INDIAN RUPEE — MAY 16, 2016
💱 XAU/INR · Monday, May 16, 2016
On Monday, May 16, 2016, the gold spot price was C$1,649.66 per troy ounce in Canadian Dollars, equivalent to ₹95,515.31 INR per ounce or ₹3,070.89 INR per gram. Gold rose +1.00% 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, 2016
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$1,649.66 | C$53.04 | C$53,037.72 |
| INR | ₹95,515.31 | ₹3,070.89 | ₹3,070,884.21 |
SPOT OHLC (CAD)
| Metric | CAD | INR |
|---|---|---|
| Open | C$1,648.89 | ₹95,470.73 |
| High | C$1,668.32 | ₹96,595.73 |
| Low | C$1,648.89 | ₹95,470.73 |
| Close | C$1,649.66 | ₹95,515.31 |