Gold and Silver rates as on March 31, 2019
The rate of Gold 995 is Rs. 31,640 per 10 grams and rate of Silver 999 is Rs. 37,245 per 1 KG as on March 29, 2019. The same shall be applicable for March 31, 2019 due to closure of market on Saturday & Sunday.
The rates of Gold and Silver as on March 31 are required for valuation of the inventories
As per the ICDS-II (Inventories), inventories shall be valued at lower of cost or net realisable value whichever is lower.