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
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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
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