GOLD PRICE IN INDIAN RUPEE — MAY 16, 2023

On Tuesday, May 16, 2023, the gold spot price was C$2,677.38 per troy ounce in Canadian Dollars, equivalent to ₹155,020.30 INR per ounce or ₹4,984.01 INR per gram. Gold fell -2.11% 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.