Indian Gold Book:Indian Gold Book - Gold Bars Worldwide
Indian Gold Book:Indian Gold Book - Gold Bars Worldwide
Indian Gold Book:Indian Gold Book - Gold Bars Worldwide
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
INDICATIVE DIFFERENCE BETWEEN MUMBAI AND LONDON GOLD PRICES<br />
MONTHLY 1997 – 1999<br />
1997 MUMBAI LONDON OFFICIAL LONDON MUMBAI DIFFERENTIAL<br />
EXCHANGE<br />
Rs per 10 g US$ per oz Rs per US$ Rs per 10 g Rs % + or -<br />
January 4,897 354.90 35.87 4,093 804 + 20<br />
February 4,826 346.78 35.89 4,002 824 + 21<br />
March 4,790 351.80 35.87 4,058 732 + 18<br />
April 4,788 344.33 35.80 3,964 824 + 21<br />
May 4,782 343.84 35.82 3,960 822 + 21<br />
June 4,637 340.94 35.81 3,926 711 + 18<br />
July 4,469 324.06 35.75 3,725 744 + 20<br />
August 4,512 323.93 35.96 3,746 766 + 20<br />
September 4,442 322.90 36.44 3,659 783 + 21<br />
October 4,400 324.70 36.23 3,783 617 + 16<br />
November 4,135 306.00 37.26 3,666 469 + 13<br />
December 3,995 288.74 39.22 3,641 354 + 10<br />
Average 4,556 331.08 36.33 3,852 704 +18<br />
1998 MUMBAI LONDON OFFICIAL LONDON MUMBAI DIFFERENTIAL<br />
EXCHANGE<br />
Rs per 10 g US$ per oz Rs per US$ Rs per 10 g Rs % + or -<br />
January 4,009 288.80 39.37 3,656 353 + 10<br />
February 3,995 297.33 38.90 3,719 276 + 7<br />
March 3,994 295.70 39.52 3,757 237 + 6<br />
April 4,210 307.80 39.66 3,925 285 + 7<br />
May 4,143 299.10 40.51 3,896 247 + 6<br />
June ** 4,215 292.30 42.24 3,970 245 + 6<br />
July 4,271 292.90 42.52 4,005 266 + 7<br />
August 4,186 284.10 42.77 3,907 279 + 7<br />
September 4,234 289.00 42.52 3,951 283 + 7<br />
October 4,336 295.90 42.32 4,027 309 + 8<br />
November 4,306 294.15 42.39 4,009 297 + 7<br />
December 4,280 291.60 42.55 3,990 290 + 7<br />
Average 4,182 294.06 41.27 3,901 281 + 7<br />
** Import duty increased in June 1998 from Rs 220 to Rs 250 per 10 g.<br />
1999 MUMBAI LONDON OFFICIAL LONDON MUMBAI DIFFERENTIAL<br />
EXCHANGE<br />
Rs per 10 g US$ per oz Rs per US$ Rs per 10 g Rs % + or -<br />
January ** 4,347 287.10 42.51 3,924 423 + 11<br />
February 4,357 287.30 42.47 3,923 434 + 11<br />
March 4,330 286.00 42.45 3,904 426 + 11<br />
April 4,390 282.60 42.74 3,884 506 + 13<br />
May 4,314 276.70 42.78 3,806 508 + 13<br />
June 4,109 261.30 43.15 3,625 484 + 13<br />
July 4,051 256.10 43.28 3,564 487 + 14<br />
August 4,086 256.85 43.46 3,589 497 + 14<br />
September 4,179 264.75 43.54 3,707 472 + 13<br />
October 4,749 310.70 44.44 4,440 309 + 7<br />
November 4,615 293.20 43.40 4,092 523 + 13<br />
December 4,473 283.00 43.48 3,957 516 + 13<br />
Average 4,333 278.80 43.14 3,868 465 +12<br />
** Import duty increased in January 1999 to Rs 400 per 10 g.<br />
150<br />
MUMBAI GOLD PRICES<br />
AN INTRODUCTION TO THE INDIAN GOLD MARKET