Gold
and silver rates for the current year, last ten assessment years and on April
1, 1981
|
Assessment
year/ valuation date
|
Gold rates1 (standard 24
carats) (per 10 gms.)
Rs.
|
Silver rates (9,960 touch) (per
1 kg.)
Rs.
|
|
01.04.1981
|
1,670
|
2,715
|
|
AY
2004-05
31.03.2004
|
6,065
|
11,770
|
|
AY
2005-06
31.03.2005
|
6,180
|
10,675
|
|
AY
2006-07
31.03.2006
|
8,490
|
17,405
|
|
AY
2007-08
31.03.2007
|
9,395
|
19,520
|
|
AY
2008-09
31.03.2008
|
12,125
|
23,625
|
|
AY
2009-10
31.03.2009
|
15,105
|
22,165
|
|
AY
2010-11
31.03.2010
|
16,320
|
27,255
|
|
AY
2011-12
31.03.2011
|
20,775
|
56,900
|
|
AY
2012-13
31.03.2012
|
28,040
|
56,290
|
|
AY
2013-14
31.03.2013
|
29,610
|
54,030
|
|
AY
2014-15
31.03.2014
|
28,470
|
43,070
|
|
AY
2015-16
31.03.2015
|
26,245
|
37,825
|
|
AY
2016-17
31.03.2016
|
28,340
|
36,990
|
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:
|
Particulars
|
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
|
2.50% to 5.00%
|
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
|
2.00%
|
2.00%
|
|
Total reduction
|
14.08% to 16.58%
|
19.91%
|
2.
Silverwares,
utensils, etc., is liable for wealth-tax.
3.
Conversion
Table:
10 grams = 0.857 tola 1
tola = 11.664 grams
1 kilogram = 85.734 tola 10 tola = 116.638 grams
Comments
Post a Comment