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Date : Sep 15, 2014
Table 41 : Average Price of Gold and Silver in Domestic and Foreign Markets

Year

Gold

Silver

Mumbai

London

Spread in Rupees (2-4)

Mumbai

NewYork

Spread in Rupees (6-8)

Rupees per 10 gms.

$ per troy oz.

Rupees per 10 gms.

Rupees per kg.

Cents per troy oz.

Rupees per kg.

1

2

3

4

5

6

7

8

9

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

-43.89

1977-78

637.93

157.56

433.83

204.09

1240.54

473.46

1305.77

-65.23

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

-31.12

1983-84

1858.47

404.15

1342.06

516.41

3505.80

1060.64

3516.66

-10.86

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

1522.03

1986-87

2323.49

383.33

1577.02

746.46

4247.10

539.87

2220.03

2027.07

1987-88

3082.43

458.84

1912.54

1169.89

5538.83

721.49

3016.70

2522.13

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

3995.60

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

470.54

4741.09

1607.03

1994-95

4667.24

382.79

3864.15

803.09

6692.31

513.85

5187.33

1504.98

1995-96

4957.60

389.36

4188.58

769.03

7220.50

540.05

5809.36

1411.14

1996-97

5070.71

375.52

4285.60

786.77

7165.07

505.33

5762.65

1402.42

1997-98

4347.07

316.94

3775.92

571.14

7352.27

520.00

6153.96

1198.31

1998-99

4268.17

292.32

3952.25

316.08

7855.33

529.79

7143.92

711.42

1999-00

4393.56

279.65

3896.66

496.90

8066.94

522.68

7286.51

780.43

2000-01

4473.60

272.12

4007.79

465.54

7868.39

483.59

7110.18

758.21

2001-02

4579.12

277.74

4260.23

318.89

7447.19

437.34

6708.71

738.49

2002-03

5332.36

325.49

5062.11

270.25

7990.53

467.23

7268.46

722.07

2003-04

5718.95

377.65

5573.53

145.41

8721.90

541.55

7982.49

739.40

2004-05

6145.38

413.95

5976.14

169.24

10680.82

676.17

9766.58

914.24

2005-06

6900.56

476.58

6790.26

110.31

11828.81

801.17

11417.37

411.45

2006-07

9240.32

628.41

9137.79

102.53

19056.57

1247.74

18133.96

922.62

2007-08

9995.62

765.78

9897.12

98.50

19427.45

1448.96

18738.23

689.22

2008-09

12889.74

867.19

12816.81

72.94

21247.57

1374.98

20059.44

1188.13

2009-10

15756.09

1023.03

15569.88

186.22

25320.69

1576.30

23980.04

1340.65

2010-11

19227.08

1293.53

18937.48

289.60

37289.54

2391.16

35050.93

2238.61

2011-12

25722.42

1644.87

25394.03

328.39

57315.87

3545.64

54320.69

2995.18

2012-13

30163.93

1653.51

28919.04

1244.89

57602.30

3050.71

53329.11

4273.19

2013-14

29190.39

1326.68

25739.35

3451.04

46636.80

2145.41

41643.21

4993.59

Notes : 1. The data source for this Table for the period 1970-71 to 1999-2000 are Bombay Bullion Association and Press Trust of India. For the period 2000-01 onwards, the data sources are (i) Business Standard/ Business Line and Economic Times, Mumbai for gold and silver price in Mumbai and LBMA for gold price in London and (ii) IMF-IFS for silver price in New York.
2. Data provided in this Table for the period 1970-71 to 1999-2000 and 2000-01 to 2010-11 may not be strictly comparable due to different sources of information.


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