Gold and Silver Rates from 1981 to 2019 with Important Notes

Gold and Silver Rates Chart up to Year 2017-18

Gold Rate = Std Gold Rate 24 Carat for 10 grams i.e. 0.857 tola

Silver Rate = 999 touch for 1 Kg. i.e. 85.734 tola

Assessment YearValuation DateGold RateSilver Rate
1981-198201-04-198116702715
1982-198331-03-198216452680
1983-198431-03-198318003105
1984-198531-03-198419753570
1985-198631-03-198521303955
1986-198731-03-198621404015
1987-198831-03-198725704794
1988-198931-03-198831306066
1989-199031-03-198931406755
1990-199131-03-199032006463
1991-199231-03-199134666646
1992-199331-03-199243348040
1993-199431-03-199341405489
1994-199531-03-199445987142
1995-199631-03-199546806335
1996-199731-03-199651607346
1997-199831-03-199747257345
1998-199931-03-199840458560
1999-200031-03-199942357615
2000-200131-03-200043557675
2001-200231-03-200142507200
2002-200331-03-200250107895
2003-200431-03-200353107695
2004-200531-03-2004608111600
2005-200631-03-2005615010500
2006-200731-03-2006856016800
2007-200831-03-2007951019500
2008-200931-03-20081228023350
2009-201031-03-20091510522165
2010-201131-03-20101632027255
2011-201231-03-20112077556900
2012-201331-03-20122804056290
2013-201431-03-20132961054030
2014-201531-03-20142847043070
2015-201631-03-20152624537825
2016-201731-03-20162834036990
2017-201831-03-20172895042000
2018-201931-03-20183040838322

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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 the 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%
Total reduction14.08% to 16.58%19.91%

2. Silverwares, utensils, etc. is liable to wealth-tax. 1

3. Conversion table:

  • 10 grams = 0.857 tola
  • 1 tola = 11.664 grams
  • 1 Kilogram = 85.734 tolas
  • 10 tolas = 116.638 grams.
  1. Wealth tax is not applicable from the assessment year 2016-17.

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