GOLD PRICE IN INDIAN RUPEE — AUGUST 16, 2023

On Wednesday, August 16, 2023, the gold spot price was C$2,557.86 per troy ounce in Canadian Dollars, equivalent to ₹148,100.09 INR per ounce or ₹4,761.53 INR per gram. Gold fell -0.10% 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.