GOLD PRICE IN INDIAN RUPEE — AUGUST 31, 2016

On Wednesday, August 31, 2016, the gold spot price was C$1,710.30 per troy ounce in Canadian Dollars, equivalent to ₹99,026.37 INR per ounce or ₹3,183.77 INR per gram. Gold rose +0.22% 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.