GOLD PRICE IN INDIAN RUPEE — DECEMBER 16, 2020

On Wednesday, December 16, 2020, the gold spot price was C$2,357.17 per troy ounce in Canadian Dollars, equivalent to ₹136,480.14 INR per ounce or ₹4,387.94 INR per gram. Gold fell -0.27% 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.