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Date : Sep 15, 2023
Table 166 : Monthly Average Price of Gold and Silver in Domestic and Foreign Markets
Year/Month Gold Silver
Mumbai London Spread in ₹ Mumbai New York Spread in ₹
₹ per 10gms. $ per troy oz. ₹ per 10gms. ₹ per kg. Cents per troy oz. ₹ per kg.
1 2 3 4 5 6 7 8 9
2019-20                
Apr 31659.26 1287.05 28720.12 2939.14 37328.16 1502.64 33540.99 3787.17
May 31737.55 1283.53 28817.96 2919.59 36589.77 1463.46 32829.19 3760.58
Jun 33121.26 1356.47 30320.65 2800.62 37186.95 1502.29 33538.68 3648.27
Jul 34522.26 1413.79 31257.89 3254.37 39098.70 1576.16 34868.48 4230.21
Aug 37356.15 1497.95 34236.31 3119.84 43746.75 1718.55 39309.79 4436.96
Sep 37926.74 1510.83 34654.92 3271.82 46681.84 1811.52 41545.96 5135.88
Oct 38213.55 1494.78 34135.96 4077.59 45578.30 1762.15 40246.91 5331.39
Nov 38122.20 1471.84 33787.91 4334.29 44937.50 1714.14 39377.66 5559.84
Dec 38091.57 1478.03 33853.42 4238.15 44575.71 1715.41 39263.93 5311.78
Jan 39983.83 1560.67 35775.42 4208.41 46498.48 1793.90 41130.45 5368.03
Feb 41195.21 1597.96 36642.22 4552.99 46567.11 1782.52 40969.56 5597.55
Mar 42285.33 1592.85 37955.62 4329.71 41382.38 1490.66 35633.07 5749.31
Average 37017.91 1462.15 33346.53 3670.54 42514.30 1652.78 37687.89 4826.41
2020-21                
Apr 45504.44 1681.73 41473.39 4031.05 42058.33 1513.74 37102.70 4955.63
May 46343.28 1716.04 41819.24 4524.04 45096.67 1633.02 39723.66 5373.01
Jun 47314.73 1733.13 42174.04 5140.69 48212.95 1774.48 43202.74 5010.21
Jul 49878.43 1842.06 44440.77 5437.66 54813.48 2060.26 49674.82 5138.66
Aug 52917.19 1969.87 47296.02 5621.17 67717.48 2699.47 64807.73 2909.75
Sep 50783.64 1922.85 45410.30 5373.34 63337.05 2582.80 61018.36 2318.69
Oct 50697.85 1901.40 44897.31 5800.54 61319.90 2420.82 57173.26 4146.64
Nov 50428.65 1866.50 44568.17 5860.48 62255.55 2405.08 57390.49 4865.06
Dec 49443.86 1856.11 43971.49 5472.37 64756.50 2506.30 59301.44 5455.06
Jan 49611.95 1868.33 43898.92 5713.03 66784.65 2589.73 60872.05 5912.60
Feb 47107.10 1811.09 42323.92 4783.18 69065.45 2727.35 63797.57 5267.88
Mar 44647.57 1719.89 40218.46 4429.12 65981.14 2560.47 59923.84 6057.30
Average 48723.22 1824.08 43541.00 5182.22 59283.26 2289.46 54499.06 4784.21
2021-22                
Apr 46517.21 1760.24 42276.37 4240.84 67528.42 2564.63 61405.89 6122.53
May 47860.25 1850.39 43623.45 4236.80 70833.35 2751.03 64803.61 6029.74
Jun 47890.86 1835.33 43376.73 4514.14 69959.95 2691.31 63648.18 6311.77
Jul 47763.52 1806.48 43305.41 4458.11 68338.19 2569.26 61561.87 6776.32
Aug 47108.95 1784.03 42568.42 4540.53 64219.48 2395.39 57132.14 7087.34
Sep 46584.14 1779.10 42012.23 4571.92 61892.29 2323.78 54960.16 6932.13
Oct 47218.79 1775.68 42799.63 4419.16 62890.42 2337.41 56298.49 6591.93
Nov 48192.85 1820.26 43597.05 4595.80 64667.15 2412.84 57790.48 6876.67
Dec 47889.83 1788.43 43354.53 4535.30 61280.43 2252.41 54582.17 6698.26
Jan 47960.25 1816.54 43461.17 4499.08 62037.85 2312.09 55336.36 6701.49
Feb 49254.00 1857.01 44818.38 4435.62 63174.60 2350.90 56689.83 6484.77
Mar 51750.29 1947.62 47793.64 3956.65 68285.62 2527.74 61962.94 6322.68
Average 47999.25 1818.43 43582.25 4417.00 65425.65 2457.40 58847.68 6577.97
2022-23                
Apr 52022.53 1934.47 47313.45 4709.08 66922.00 2456.26 60150.14 6771.86
May 50879.43 1849.92 45995.06 4884.37 61572.43 2186.17 54345.40 7227.03
Jun 50804.23 1834.43 46059.15 4745.07 60936.36 2149.01 53943.59 6992.77
Jul 50784.33 1737.61 44435.36 6348.97 55994.33 1908.85 48852.32 7142.01
Aug 51639.15 1765.64 45143.22 6495.93 56831.30 1967.98 50336.09 6495.21
Sep 49913.55 1684.18 43420.98 6492.57 55231.95 1890.56 48767.15 6464.80
Oct 50506.00 1665.03 44026.69 6479.31 57505.32 1945.04 51491.07 6014.25
Nov 51873.62 1725.92 45463.40 6410.22 60968.14 2106.56 55408.21 5559.93
Dec 53940.82 1795.49 47635.95 6304.87 66698.45 2335.63 61924.18 4774.27
Jan 56246.33 1898.17 49922.13 6324.20 68305.14 2375.91 62560.94 5744.20
Feb 56645.60 1856.32 49252.81 7392.79 66401.70 2189.76 58158.31 8243.39
Mar 57513.67 1910.66 50600.68 6912.98 66519.62 2201.28 58238.02 8281.60
Average 52730.77 1804.82 46605.74 6125.03 61990.56 2142.75 55347.95 6642.61
2023-24                
Apr 60145.24 1999.63 52709.63 7435.60 74386.24 2508.23 66142.64 8243.60
May 60582.77 1991.50 52683.49 7899.28 73014.50 2423.40 64157.19 8857.31
Jun 59056.38 1943.26 51423.43 7632.95 71190.29 2338.07 61815.55 9374.74
Average 59928.13 1978.13 52272.18 7655.94 72863.68 2423.23 64038.46 8825.22
Source : The data source are (i) Business Standard/ Business Line/ The Economic Times, Mumbai for gold and silver prices in Mumbai/IBJA Website for gold and silver prices in Mumbai and LBMA for gold price in London and (ii) Thomson Reuters for silver price in New York.

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