Year

Gold

Silver

Mumbai

London

Spread in Rupees
(2-4)

Mumbai

NewYork

Spread in Rupees
(6-8)

Rupees per 10gms.

$ per troy oz.

Rupees per 10gms.

Rupees per kg.

Cents per
troy oz.

Rupees
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

483.59

7098.16

773.70

2001-02  

4579.12

277.74

4260.24

318.88

7447.19

437.34

6708.00

739.19

2002-03  

5332.36

325.49

5062.11

270.25

7990.53

467.23

7271.82

718.71

2003-04  

5718.95

377.65

5573.53

145.41

8721.90

541.55

7986.95

734.71

2004-05  

6145.38

413.95

5976.14

169.24

10680.82

676.17

9761.79

919.03

2005-06  

6900.56

476.58

6790.26

110.30

11828.81

801.17

11418.76

410.06

2006-07  

9240.32

628.41

9137.79

102.53

19056.57

1247.74

18133.15

923.42

2007-08  

9995.62

765.78

9897.12

98.50

19427.45

1448.96

18742.58

684.87

2008-09  

12889.74

867.19

12876.68

13.06

21247.57

1374.98

20080.33

1167.24

Note : 1) The data source for this Table for the period 1970-71 to 1999-2000 are  Bombay Bullion Association and  Press Trust of India. For the period 2000-01onwards, the data sources are  (i) Economic Times, Mumbai for gold and silver prices in Mumbai and LBMA for gold price in London and (ii) IMF IFS for silver price
in New York.
2) Data provided in this Table for the period 1970-71 to 1999-2000 and 2000-01 to 2008-09 may not be strictly comparable due to different sources of information.
Source : 1) Bombay Bullion Association Ltd.
2) Economic Times, Mumbai.
3) Press Trust of India.
4) IMF IFS.
5) London Bullion Market Association.