Gold and silver rates from 1981 to 2019

By | March 27, 2018
(Last Updated On: April 17, 2019)

Gold and silver rates

Gold and silver rates for the current year, last ten Assessment Years  (A.Y.) and on April 1, 1981

A.Y.  /valuation

date

Gold rates1 (standard 24 carats) (per 10 gms.)Silver rates (9,960 touch) (per 1 kg.)A.Y.  / valuation dateGold rates1 (standard 24 carats) (per 10 gms.)Silver rates (9,960 touch) (per 1kg.)
Rs.Rs.Rs.Rs.
1-4-19811,6702,715 2010-11/ 31-3-201016,32027,255
 2004-05 /31-3-20046,06511,7702011-12 /31-3-201120,77556,900
 2005-06 / 31-3-20056,18010,6752012-13 / 31-3-201228,04056,290
 2006-07 /31-3-20068,49017,4052013-14 / 31-3-201329,61054,030
 2007-08 / 31-3-20079,39519,5202014-15 / 31-3-201428,47043,070
2008-09 /31-3-200812,12523,6252015-16 / 31-3-201526,24537,825
2009-10/ 31-3-200915,10522,1652016-17/ 31-3-201628,34036,990
  Asst. Yr. 2017-18
31-3-201728,95042,000
Asst. Yr. 2018-19
31-3-201830,68038,355

Assessment Year 2019-20 🙁 31.03.2019)  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.

Refer Gold and Silver rates as on March 31, 2019

Notes :

1. Value of gold contained in gold ornaments should be reduced by 14 to 20 per cent of ruling rates of standard gold, as per the practice prevalent in the bullion market and the amount of reduction has to be worked out in the following manner :

Plain gold bangles and ornaments made of solid goldOther gold ornaments
Difference in value between 24 carats of standard gold and 22 carats of gold ornaments (gold ornaments are generally made of 22 carats of gold)8.33%8.33%
Soldering made of copper, silver, etc., used in making ornaments2.5% to 5%8.33%
Shortage of gold in melting, mint charges payable to Government, expenditure on freight, insurance, etc., of sending gold ornaments to approved mint for conversion into standard gold bars1.25%1.25%
Margin of profit of the dealer when ornaments are sold in market2%2%
Total reduction14.08% to 16.58%19.91%

2. Silverwares, utensils, etc., is liable for wealth-tax till financial Year ending on 31.03.2015.

3. Conversion table:

10 grams=0.857 tola1 tola=11.664 grams
1 kilogram=85.734 tolas10 tolas=116.638 grams

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