Table 41 : Average price of gold and silver in domestic and foreign markets
Year |
Gold |
Silver |
||||||
|
Mumbai |
London |
Spread in |
Mumbai |
New York |
Spread in |
||
|
Rupees per |
$ per |
Rupees per |
Rupees |
Rupees per |
Cents per |
Rupees per |
Rupees |
|
10 gms. |
troy oz. |
10 gms. |
(2-4) |
kg. |
troy oz. |
kg. |
(6-8) |
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 : 1. Information on bullion prices after 2000-01 is not reported in this table as the Bombay Bullion Association Ltd. discontinued the release of this data. |
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