Gold & Silver rates as on 01.04.1981 & From 31.03.2008 to 31.03.2026
The published table provides the closing rates of gold and silver that are relevant for reinstating investments in financial statements, covering the current year, the last ten assessment years, and the benchmark valuation dates of 1 April 1981 and 31 March 2001 onwards. For Assessment Year 2026-27 (valuation date 31 March 2026), the closing rate of 24-carat (995 standard) gold is Rs. 1,46,145 per 10 grams, while silver (999.60 touch) is Rs. 2,30,135 per kilogram. The table also records historical year-end rates from Assessment Years 2008-09 to 2025-26, enabling comparison across valuation years. Notes accompanying the table prescribe reductions of approximately 14.08% to 16.58% for plain gold ornaments and 19.91% for other gold ornaments to account for purity differences, soldering, melting loss, mint charges, freight, insurance and dealer margin. It also states that silverware and utensils are liable for wealth tax and provides conversion tables for grams, kilograms and tolas. A disclaimer clarifies that the document is intended only for informational purposes, should be verified with Government Acts, Rules and Notifications, and reflects the Income-tax Act, 1961, as amended by the Finance Act, 2026.
Read more at: https://taxguru.in/income-tax/gold-silver-rates-urrent-ten-assessment-years-april-1-1981.html
