Year

Gold

Silver

(April-March)

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

1,122.40

458.83

1,170.86

-48.46

1975-76

545.21

149.49

415.79

129.42

1,171.64

437.36

1,220.06

-48.42

1976-77

549.82

126.64

369.59

180.22

1,247.89

447.58

1,291.78

-43.90

1977-78

637.93

157.56

433.83

204.09

1,240.54

473.46

1,305.77

-65.24

1978-79

791.22

208.29

550.12

241.10

1,500.94

589.92

1,559.13

-58.19

1979-80

1,158.75

405.38

1,052.88

105.87

2,301.30

1,748.88

4,532.00

-2,230.70

1980-81

1,522.44

584.92

1,484.67

37.76

2,617.61

1,585.14

4,020.30

-1,402.69

1981-82

1,719.17

420.95

1,209.94

509.23

2,636.06

914.52

2,617.36

18.70

1982-83

1,722.54

401.43

1,250.38

472.16

2,798.34

906.49

2,829.46

-31.11

1983-84

1,858.47

404.15

1,342.06

516.41

3,505.80

1,060.64

3,516.66

-10.87

1984-85

1,983.92

340.01

1,293.78

690.13

3,593.59

740.98

2,810.19

783.40

1985-86

2,125.47

327.75

1,289.76

835.71

3,918.38

609.00

2,396.35

1,522.02

1986-87

2,323.49

383.33

1,577.02

746.46

4,247.10

539.87

2,220.03

2,027.08

1987-88

3,082.43

458.84

1,912.54

1,169.89

5,538.83

721.49

3,016.70

2,522.12

1988-89

3,175.22

422.01

1,960.38

1,214.84

6,366.76

639.65

2,971.52

3,395.24

1989-90

3,229.33

384.79

2,063.01

1,166.32

6,841.91

531.61

2,846.31

3,995.61

1990-91

3,451.52

374.65

2,164.26

1,287.26

6,760.79

449.86

2,579.21

4,181.58

1991-92

4,297.63

357.40

2,841.07

1,456.55

7,332.41

409.34

3,269.89

4,062.52

1992-93

4,103.66

338.35

3,332.95

770.71

7,078.39

381.97

3,749.87

3,328.52

1993-94

4,531.87

373.42

3,766.28

765.58

6,348.12

469.98

4,741.09

1,607.03

1994-95

4,667.24

382.79

3,864.15

803.09

6,692.31

513.91

5,187.33

1,504.98

1995-96

4,957.60

389.36

4,188.58

769.03

7,220.50

540.18

5,811.03

1,409.48

1996-97

5,070.71

375.52

4,283.94

786.77

7,165.07

505.21

5,762.65

1,402.42

1997-98

4,347.07

316.94

3,775.92

571.15

7,352.27

521.38

6,153.96

1,198.31

1998-99

4,268.00

292.32

3,952.00

316.00

7,855.00

529.00

7,144.00

712.00

1999-00

4,393.56

279.65

3,896.66

496.90

8,066.94

523.16

7,286.51

780.43

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.