GOLD AND SILVER RATES Archives - Tax Heal https://www.taxheal.com/tag/gold-and-silver-rates Complete Guide for Income Tax and GST in India Wed, 17 Apr 2019 14:59:50 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.3 Gold and Silver rates as on 31.03.2018 https://www.taxheal.com/gold-and-silver-rates-as-on-31-03-2018.html https://www.taxheal.com/gold-and-silver-rates-as-on-31-03-2018.html#respond Fri, 06 Apr 2018 04:30:15 +0000 http://taxheal.com/?p=56531 Gold and Silver rates as on March 31, 2018 The Gold and Silver ratesas on March 31, 2018 are out. The rate of gold (standard 24 carats) is Rs. 30,680per 10 grams and rate of Silver (9960 touch) is Rs. 38,355per 1 Kg.

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The Gold and Silver ratesas on March 31, 2018 are out. The rate of gold (standard 24 carats) is Rs. 30,680per 10 grams and rate of Silver (9960 touch) is Rs. 38,355per 1 Kg.

]]> https://www.taxheal.com/gold-and-silver-rates-as-on-31-03-2018.html/feed 0 Gold and silver rates from 1981 to 2019 https://www.taxheal.com/gold-and-silver-rates-from-1981-to-2016.html https://www.taxheal.com/gold-and-silver-rates-from-1981-to-2016.html#comments Tue, 27 Mar 2018 14:16:47 +0000 http://taxheal.com/?p=14119 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 date Gold rates1 (standard 24 carats) (per 10 gms.) Silver rates (9,960 touch) (per 1kg.) Rs.… Read More »

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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 date Gold rates1 (standard 24 carats) (per 10 gms.) Silver rates (9,960 touch) (per 1kg.)
Rs. Rs. Rs. Rs.
1-4-1981 1,670 2,715  2010-11/ 31-3-2010 16,320 27,255
 2004-05 /31-3-2004 6,065 11,770 2011-12 /31-3-2011 20,775 56,900
 2005-06 / 31-3-2005 6,180 10,675 2012-13 / 31-3-2012 28,040 56,290
 2006-07 /31-3-2006 8,490 17,405 2013-14 / 31-3-2013 29,610 54,030
 2007-08 / 31-3-2007 9,395 19,520 2014-15 / 31-3-2014 28,470 43,070
2008-09 /31-3-2008 12,125 23,625 2015-16 / 31-3-2015 26,245 37,825
2009-10/ 31-3-2009 15,105 22,165 2016-17/ 31-3-2016 28,340 36,990
                                                   Asst. Yr. 2017-18
31-3-2017 28,950 42,000
Asst. Yr. 2018-19
31-3-2018 30,680 38,355

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 gold Other 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 ornaments 2.5% 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 bars 1.25% 1.25%
Margin of profit of the dealer when ornaments are sold in market 2% 2%
Total reduction 14.08% 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 tola 1 tola = 11.664 grams
1 kilogram = 85.734 tolas 10 tolas = 116.638 grams
]]> https://www.taxheal.com/gold-and-silver-rates-from-1981-to-2016.html/feed 2 GOLD AND SILVER RATES OF LAST TEN AY https://www.taxheal.com/gold-and-silver-rates-of-last-ten-ay.html https://www.taxheal.com/gold-and-silver-rates-of-last-ten-ay.html#respond Sun, 16 Aug 2015 02:40:20 +0000 http://taxheal.com/?p=881 GOLD AND SILVER RATES OF LAST TEN ASSESSMENT YEARS AND ON APRIL 1, 1981     [table id=7 /] 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… Read More »

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[table id=7 /]

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 :

[table id=9 /]

2.Conversion table:

[table id=11 /]

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