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INDIAN MARKET RATES FOR GOLD & SILVER- II
Given below are the gold & silver rates of 10 years from 1965-1974 required for valuation purposes and calculating tax.
Valuation Date
Standard GOLD 24 carats
SILVER 9960 touch
Rate
Per
Rate
Per
24.10.65
134.57
10 Grams
303.00
1 Kg
31.12.65
135.86
“
321.00
“
31.03.66
143.57
“
366.00
“
12.11.66
142.29
“
355.00
“
31.12.66
N.A.
“
360.00
“
31.03.67
N.A.
“
358.00
“
02.11.67
158.00
“
418.00
“
31.12.67
155.50
“
508.00
“
31.03.68
162.00
“
535.00
“
21.10.68
153.00
“
573.00
“
31.12.68
160.00
“
561.00
“
31.03.69
176.00
“
511.00
“
09.11.69
181.00
“
489.50
“
31.12.69
177.00
“
475.00
“
31.03.70
184.50
“
521.00
“
30.10.70
181.25
“
535.00
“
31.12.70
183.75
“
562.25
“
31.03.71
193.00
“
585.00
“
19.10.71
200.00
“
551.75
“
31.12.71
204.00
“
541.00
“
31.03.72
202.75
“
534.50
“
05.11.72
242.25
“
530.00
“
31.12.72
243.50
“
581.50
“
31.03.73
278.50
“
619.00
“
26.10.73
356.00
“
771.00
“
31.12.73
368.00
“
834.00
“
31.03.74
506.00
“
1260.00
“
1 Tola = 11.6639 Grams 10Grams = 0.8573 Tola
UNITED STATES HAS WORLD’S LARGEST GOLD RESERVE
USA is having world’s largest Gold Reserve with 4700 tones. In monetary terms it is of 14 trillion US dollars in the international market it is listed for official purposes. It is 1/20th of the international market price. It is a strange fact for all of us to know that the gold is valued only [...]