Average Price of Gold and Silver in Domestic and Foreign Markets

Date : 15 Sep 2011

Average Price of Gold and Silver in Domestic and Foreign Markets

Year	Gold				Silver
	Mumbai	London		Spread in Rupees (2-4)	Mumbai	NewYork		Spread in
								Rupees
	Rupees per 10 gms.	$ per troy oz.	Rupees per 10 gms.		Rupees per kg.	Cents per troy oz.	Rupees per kg.	(6-8)
1	2	3	4	5	6	7	8	9
1971-72	200.16	43.01	103.33	96.83	561.35	151.3	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	1122.4	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	-43.9
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	241.1	1500.94	589.92	1559.13	-58.19
1979-80	1158.75	405.38	1052.88	105.87	2301.3	1748.88	4532	-2230.7
1980-81	1522.44	584.92	1484.67	37.76	2617.61	1585.14	4020.3	-1402.69
1981-82	1719.17	420.95	1209.94	509.23	2636.06	914.52	2617.36	18.7
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	3505.8	1060.64	3516.66	-10.87
1984-85	1983.92	340.01	1293.78	690.13	3593.59	740.98	2810.19	783.4
1985-86	2125.47	327.75	1289.76	835.71	3918.38	609	2396.35	1522.02
1986-87	2323.49	383.33	1577.02	746.46	4247.1	539.87	2220.03	2027.08
1987-88	3082.43	458.84	1912.54	1169.89	5538.83	721.49	3016.7	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	357.4	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	4957.6	389.36	4188.58	769.03	7220.5	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	292.32	3952	316	7855	529	7144	712
1999-00	4393.56	279.65	3896.66	496.9	8066.94	523.16	7286.51	780.43
2000-01	4473.6	272.12	4007.79	465.81	7868.39	483.59	7110.18	758.21
2001-02	4579.12	277.74	4260.24	318.88	7447.19	437.34	6708.71	738.49
2002-03	5332.36	325.49	5062.11	270.25	7990.53	467.23	7268.46	722.07
2003-04	5718.95	377.65	5573.53	145.41	8721.9	541.55	7982.49	739.4
2004-05	6145.38	413.95	5976.14	169.24	10680.8	676.17	9766.58	914.24
2005-06	6900.56	476.58	6790.26	110.3	11828.8	801.17	11417.4	411.45
2006-07	9240.32	628.41	9137.79	102.53	19056.6	1247.74	18134	922.62
2007-08	9995.62	765.78	9897.12	98.5	19427.5	1448.96	18738.2	689.22
2008-09	12889.74	867.19	12816.8	72.94	21247.6	1374.98	20059.4	1188.13
2009-10	15756.09	1023.03	15569.9	186.22	25320.7	1576.3	23980	1340.65
2010-11	19227.08	1293.53	18937.5	289.6	37289.5	2391.16	35050.9	2238.61
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 2000-01 onwards, 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 2010-11 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, International Financial Statistics.
5. London Bullion Market Association.

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