Year

Gold

Silver

Mumbai

London

Spread

Mumbai

New York

Spread in

Rupees

$ per

Rupees

in

Rupees

Cents per

Rupees

Rupees

per 10 gms.

troy oz.

per 10 gms.

Rupees

per kg.

troy oz.

per kg.

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

Note

: The exchange rate used for conversion refers to the average of the RBI’s rupee-dollar rate.

Source

: 1. Press Trust of India.

2. Bombay Bullion Association.