Gold and silver rate

Assessment year/ valuation date	Standard Gold 24 Carats Rate for 10 grams Rs.	Silver 999 touch Rate of 1 Kg. Rs.
31/03/2022	51484	66990
31/03/2021	48720	65400
31/03/2020	48651	40500
31/03/2019	35220	40600
31/03/2018	30680	38355
31/03/2017	28950	42000
31/03/2016	28340	36990
31/03/2015	26245	26245
31/03/2014	28470	43070
31/03/2013	29610	54030
31/03/2012	28040	56290
31/03/2011	20775	56900
31/03/2010	16320	27255
31/03/2009	15105	22165
31/03/2008	12125	23625
31/03/2007	9395	19520
31/03/2006	8490	17405
31/03/2005	6180	10675
31/03/2004	6065	11770
31/03/2003	5310	7695
31/03/2002	5010	7875
31/03/2001	4190	7215
31/03/2000	4380	7900
31/03/1999	4235	7615
31/03/1998	4045	8560
31/03/1997	4725	7345
31/03/1996	5160	7346
31/03/1995	4680	4680
31/03/1994	4598	7142
31/03/1993	4140	5489
31/03/1992	4334	8040
31/03/1991	3466	6646
31/03/1990	3200	6463
31/03/1989	3140	6755
31/03/1988	3130	6066
31/03/1987	2570	4794
31/03/1986	2140	4015
31/03/1985	2130	3955
31/03/1984	1975	3570
31/03/1983	1800	3105
31/03/1982	1645	1645
01/04/1981	1670	2715

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 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%
Margin of profit of the dealer when ornaments are sold in market	2%	2%
Total reduction	14.08% to 16.58%	19.91%

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%

Soldering made of copper, silver, etc., used in 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%

Margin of profit of the dealer when ornaments are sold in market

Total reduction

14.08% to 16.58%

19.91%

10 grams	=	0.857 tola	1 tola	=	11.664 grams
1 kilogram	=	85.734 tolas	10 tola	=	116.638 grams

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 :

2. Silver wares, utensils, etc., is liable for wealth-tax.
3. Conversion table:

[As amended by Finance Act, 2022]

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 :

2. Silver wares, utensils, etc., is liable for wealth-tax.3. Conversion table:

[As amended by Finance Act, 2022]

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 :

2. Silver wares, utensils, etc., is liable for wealth-tax.
3. Conversion table: