Gold and Silver Rates from 1981 to 2023 with Important Notes

Gold and Silver Rates Chart up to Year 2022-23

Gold Rate = Std Gold Rate 24 Carat for 10 grams i.e. 0.857 tola

Silver Rate = 999 touch for 1 Kg. i.e. 85.734 tola

Assessment Year	Valuation Date	Gold Rate	Silver Rate
1981-1982	01-04-1981	1670	2715
1982-1983	31-03-1982	1645	2680
1983-1984	31-03-1983	1800	3105
1984-1985	31-03-1984	1975	3570
1985-1986	31-03-1985	2130	3955
1986-1987	31-03-1986	2140	4015
1987-1988	31-03-1987	2570	4794
1988-1989	31-03-1988	3130	6066
1989-1990	31-03-1989	3140	6755
1990-1991	31-03-1990	3200	6463
1991-1992	31-03-1991	3466	6646
1992-1993	31-03-1992	4334	8040
1993-1994	31-03-1993	4140	5489
1994-1995	31-03-1994	4598	7142
1995-1996	31-03-1995	4680	6335
1996-1997	31-03-1996	5160	7346
1997-1998	31-03-1997	4725	7345
1998-1999	31-03-1998	4045	8560
1999-2000	31-03-1999	4235	7615
2000-2001	31-03-2000	4355	7675
2001-2002	31-03-2001	4250	7200
2002-2003	31-03-2002	5010	7895
2003-2004	31-03-2003	5310	7695
2004-2005	31-03-2004	6081	11600
2005-2006	31-03-2005	6150	10500
2006-2007	31-03-2006	8560	16800
2007-2008	31-03-2007	9510	19500
2008-2009	31-03-2008	12280	23350
2009-2010	31-03-2009	15105	22165
2010-2011	31-03-2010	16320	27255
2011-2012	31-03-2011	20775	56900
2012-2013	31-03-2012	28040	56290
2013-2014	31-03-2013	29610	54030
2014-2015	31-03-2014	28470	43070
2015-2016	31-03-2015	26245	37825
2016-2017	31-03-2016	28340	36990
2017-2018	31-03-2017	28950	42000
2018-2019	31-03-2018	30680	38355
2019-20	31-03-2019	31640	37245
2020-21	31-03-2020	43000	39200
2021-22	31-03-2021	44013	62862
2022-23	31-03-2022	51278	66990
2023-24	31-03-2023	59512	71582

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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 the 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%
Total reduction	14.08% to 16.58%	19.91%

2. Silverwares, utensils, etc. is liable to wealth-tax. ¹

3. Conversion table:

• 10 grams = 0.857 tola
• 1 tola = 11.664 grams
• 1 Kilogram = 85.734 tolas
• 10 tolas = 116.638 grams.

1. Wealth tax is not applicable from the assessment year 2016-17.