Publications

Year

Gold

Silver

Mumbai

London

Spread in
Rupees
(2-4)

Mumbai
Rupees per
kg.

New York

Spread in

Rupees per
10 gms.

$ per
troy oz.

Rupees per
10 gms.

Cents per
troy oz.

Rupees per
kg.

Rupees
(6-8)

1

2

3

4

5

6

7

8

9

1970-71

184.96

36.81

89.44

95.52

536.08

170.80

415.02

121.06

1971-72

200.16

43.01

103.33

96.83

561.35

151.30

363.51

197.84

1972-73

242.57

64.86

160.31

82.26

554.24

185.54

458.89

95.35

1973-74

369.33

115.77

291.17

78.16

799.01

320.08

809.59

-10.58

1974-75

519.19

166.37

424.73

94.46

1122.40

458.83

1170.86

-48.46

1975-76

545.21

149.49

415.79

129.42

1171.64

437.36

1220.06

-48.42

1976-77

549.82

126.64

369.59

180.22

1247.89

447.58

1291.78

-43.90

1977-78

637.93

157.56

433.83

204.09

1240.54

473.46

1305.77

-65.24

1978-79

791.22

208.29

550.12

241.10

1500.94

589.92

1559.13

-58.19

1979-80

1158.75

405.38

1052.88

105.87

2301.30

1748.88

4532.00

-2230.70

1980-81

1522.44

584.92

1484.67

37.76

2617.61

1585.14

4020.30

-1402.69

1981-82

1719.17

420.95

1209.94

509.23

2636.06

914.52

2617.36

18.70

1982-83

1722.54

401.43

1250.38

472.16

2798.34

906.49

2829.46

-31.11

1983-84

1858.47

404.15

1342.06

516.41

3505.80

1060.64

3516.66

-10.87

1984-85

1983.92

340.01

1293.78

690.13

3593.59

740.98

2810.19

783.40

1985-86

2125.47

327.75

1289.76

835.71

3918.38

609.00

2396.35

1522.02

1986-87

2323.49

383.33

1577.02

746.46

4247.10

539.87

2220.03

2027.08

1987-88

3082.43

458.84

1912.54

1169.89

5538.83

721.49

3016.70

2522.12

1988-89

3175.22

422.01

1960.38

1214.84

6366.76

639.65

2971.52

3395.24

1989-90

3229.33

384.79

2063.01

1166.32

6841.91

531.61

2846.31

3995.61

1990-91

3451.52

374.65

2164.26

1287.26

6760.79

449.86

2579.21

4181.58

1991-92

4297.63

357.40

2841.07

1456.55

7332.41

409.34

3269.89

4062.52

1992-93

4103.66

338.35

3332.95

770.71

7078.39

381.97

3749.87

3328.52

1993-94

4531.87

373.42

3766.28

765.58

6348.12

469.98

4741.09

1607.03

1994-95

4667.24

382.79

3864.15

803.09

6692.31

513.91

5187.33

1504.98

1995-96

4957.60

389.36

4188.58

769.03

7220.50

540.18

5811.03

1409.48

1996-97

5070.71

375.52

4283.94

786.77

7165.07

505.21

5762.65

1402.42

1997-98

4347.07

316.94

3775.92

571.15

7352.27

521.38

6153.96

1198.31

1998-99

4268.00

292.32

3952.00

316.00

7855.00

529.00

7144.00

712.00

1999-00

4393.56

279.65

3896.66

496.90

8066.94

523.16

7286.51

780.43

2000-01

4473.60

272.12

4007.79

465.81

7868.39

483.16

7110.18

758.20

2001-02

4579.12

277.74

4260.24

318.88

7447.19

437.47

6708.71

738.49

2002-03

5332.36

325.49

5062.11

270.25

7990.53

467.11

7268.46

722.07

2003-04

5718.95

377.65

5573.53

145.41

8721.90

541.35

7982.49

739.40

2004-05

6145.38

413.95

5976.14

169.24

10680.82

676.64

9766.58

914.24

2005-06

6900.56

476.58

6790.26

110.30

11828.81

801.23

11417.37

411.45

2006-07

9240.32

628.41

9137.79

102.53

19056.57

1248.02

18133.96

922.61

Note :
1.The data source for this Table for the period 1970-71 to 2000-01 are Bombay Bullion Association and Press Trust of
India. For the period 2001-02 onwards, the data sources are (i) Economic Times, Mumbai for gold price in Mumbai
and London and silver price in Mumbai and (ii) Thomson datastream for silver price in New York.
2.Data provided in this Table for the period 1970-71 to 2000-01 and 2001-02 to 2006-07 may not be strictly comparable
due to different sources of information.
Source :
1.Bombay Bullion Association Ltd.
2.Economic Times, Mumbai.
3.Press Trust of India.
4.Thomson Financial Ltd.