⌖ Utility / Investment & Rates
Gold and Silver Rates.
Historical reference rates of gold and silver — used for valuation and indexation.
As of
Income Tax Department — historical valuation rates
⌖ Context
Historical reference rates of gold and silver as notified by the Income Tax Department for wealth tax / valuation purposes (since 1981). Used for: cost base substitution under Section 55(2) for assets acquired before 1 April 2001; capital gains computation; succession and gift valuations; Sovereign Gold Bond pricing reference. Live market rates are available from MMTC-PAMP, IBJA, and major bullion exchanges — figures here are for valuation continuity only.
Gold (24K) — rates per 10 grams as on 31 March
| Financial Year (as on 31-Mar) | Rate (₹ / 10g) |
|---|---|
| 1981 (base year for pre-2001 indexation) | 1,670 |
| 1991 | 3,466 |
| 2001 | 4,300 |
| 2005 | 6,180 |
| 2010 | 16,320 |
| 2015 | 26,245 |
| 2018 | 30,680 |
| 2019 | 31,640 |
| 2020 | 40,440 |
| 2021 | 44,290 |
| 2022 | 51,575 |
| 2023 | 59,945 |
| 2024 | 67,000 |
| 2025 | 89,400 |
Pre-2001 figures reflect Income Tax Department standard valuations. Post-2001 figures are end-of-FY closing rates from IBJA / MCX. Always cross-check with the local sub-registrar's circle rate where used for property valuations.
Silver (.999) — rates per 1 kg as on 31 March
| Financial Year (as on 31-Mar) | Rate (₹ / kg) |
|---|---|
| 1981 | 2,715 |
| 1991 | 6,463 |
| 2001 | 7,900 |
| 2010 | 27,255 |
| 2015 | 37,825 |
| 2018 | 37,580 |
| 2019 | 37,245 |
| 2020 | 39,200 |
| 2021 | 63,500 |
| 2022 | 66,800 |
| 2023 | 72,600 |
| 2024 | 75,015 |
| 2025 | 1,00,400 |
Live & published rates
For live market rates, refer to the India Bullion and Jewellers Association (IBJA) AM/PM fix, or the MCX gold and silver futures.
For wealth tax / capital gain valuation, the Income Tax Department's published rate at the relevant Sub-Registrar's office is the authoritative source.