GOLD PRICE IN INDIAN RUPEE — AUGUST 17, 2020

On Monday, August 17, 2020, the gold spot price was C$2,630.60 per troy ounce in Canadian Dollars, equivalent to ₹152,311.74 INR per ounce or ₹4,896.93 INR per gram. Gold rose +2.73% 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.