GOLD PRICE IN INDIAN RUPEE — AUGUST 12, 2024

On Monday, August 12, 2024, the gold spot price was C$3,382.33 per troy ounce in Canadian Dollars, equivalent to ₹195,836.91 INR per ounce or ₹6,296.30 INR per gram. Gold rose +1.25% 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.