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Gold and Silver rates for the current year, last ten assessment years and on April 1, 1981/2001

  

Assessment year/ valuation date

Gold rates1 (standard 24 carats) (per 10 gms.)

Silver rates (9,960 touch) (per 1 kg.)

Assessment year/ 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

Asst. Yr. 2011-12

   
     

31-3-2011

20,775

56,900

     

Asst. Yr. 2012-13

   
     

31-3-2012

28,040

56,290

     

Asst. Yr. 2013-14

   
     

31-3-2013

29,610

54,030

     

Asst. Yr. 2014-15

   
     

31-3-2014

28,470

43,070

     

Asst. Yr. 2015-16

   
     

31-3-2015

26,245

37,825

Asst. Yr. 2009-10

   

Asst. Yr. 2016-17

   

31-3-2009

15,105

22,165

31-3-2016

28,340

36,990

Asst. Yr. 2010-11

   

Asst. Yr. 2017-18

   

31-3-2010

16,320

27,255

31-3-2017

28,950

42,000

     

Asst. Yr. 2018-19

   
     

31-3-2018

30,680

38,355

     

Asst. Yr. 2019-20

   
     

31-3-2019

31,640

37,245

     

Asst. Yr. 2020-21

   
     

31-3-2020

43,000

39,200

     

31-3-2021

44,013

62,862

     

31-3-2022

51,278

66,990

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.

3. Conversion table:

10 grams

=

0.857 tola

1 tola

=

11.664 grams

1 kilogram

=

85.734 tolas

10 tolas

=

116.638 grams

[As amended by Finance Act, 2022]

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