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 |
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, 2021]