Indian Gold Book:Indian Gold Book - Gold Bars Worldwide

MONTHLY 2000 – 2001
2000 MUMBAI LONDON OFFICIAL LONDON MUMBAI DIFFERENTIAL
EXCHANGE
Rs per 10 g US$ per oz Rs per US$ Rs per 10 g Rs per 10 g % + or -
January 4,511 284.31 43.55 3,981 530 + 13
February 4,707 299.86 43.61 4,205 502 + 12
March 4,543 286.39 43.59 4,014 529 + 13
April 4,460 279.69 43.64 3,925 535 + 14
May 4,368 275.18 43.99 3,892 476 + 12
June 4,522 285.73 44.68 4,105 417 + 10
July 4,529 281.60 44.77 4,054 475 + 12
August 4,516 274.00 45.69 4,025 491 + 12
September 4,518 273.60 45.90 4,038 480 + 12
October 4,538 270.00 46.34 4,023 515 + 13
November 4,481 266.00 46.77 4,000 481 + 12
December 4,542 271.40 46.75 4,080 462 + 11
Average 4,520 278.98 44.94 4,029 491 +12
2001 MUMBAI LONDON OFFICIAL LONDON MUMBAI DIFFERENTIAL
EXCHANGE
Rs per 10 g US$ per oz Rs per US$ Rs per 10 g Rs % + or -
January 4,465 264.50 46.54 3,958 507 + 13
February 4,369 261.85 46.52 3,917 452 + 12
March ** 4,269 263.00 46.62 3,942 327 + 8
April 4,267 260.50 46.79 3,919 348 + 9
May 4,437 272.65 46.93 4,114 323 + 8
June 4,400 270.20 46.99 4,083 317 + 8
July 4,381 267.55 47.14 4,055 326 + 8
August 4,453 272.40 47.12 4,127 326 + 8
September 4,628 283.05 47.64 4,336 292 + 7
October 4,692 283.11 48.02 4,371 321 + 7
November 4,602 276.16 47.99 4,261 341 + 8
December 4,580 275.86 47.92 4,251 329 + 8
Average 4,462 270.90 47.19 4,111 351 + 9
** Import duty reduced in March 2001 to Rs 250 per 10 g.
MUMBAI GOLD PRICES
INDICATIVE DIFFERENCE BETWEEN MUMBAI AND LONDON GOLD PRICES
The current 7 – 8% premium of the Mumbai price above the London price largely reflects the impact of
Customs duty at Rs 250 per 10 g.
AN INTRODUCTION TO THE INDIAN GOLD MARKET 151