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English: This chart shows the nominal price of gold along with the price in 1971 and 2011 dollars (adjusted based on the consumer price index). The historical gold price was obtained from www.igolder.com; CPI was obtained from www.rateinflation.com. The data is in section Chart Data.
The final price listed is the total price paid by the buyer converted to US dollars, according to the currency exchange rate at the time of auction. This price is the aggregate of the hammer price (i.e., the winning bid or sale price at the auction) plus any buyer's premium paid to the auction houses (where levied, and in accordance with the ...
All three Presidencies issued gold mohurs and fractions of mohurs including 1 ⁄ 16, 1 ⁄ 2, 1 ⁄ 4 in Bengal, 1 ⁄ 15 (a gold rupee) and 1 ⁄ 3 (pancia) in Bombay and 1 ⁄ 4, 1 ⁄ 3 and 1 ⁄ 2 in Madras. In 1835, a single coinage for the EIC was introduced. It consisted of copper 1 ⁄ 12, 1 ⁄ 4 and 1 ⁄ 2 anna, silver 1 ⁄ 4, 1 ...
The New York spot price of gold closed Tuesday at just over $2,657 per Troy ounce — the standard for measuring precious metals, which is equivalent to 31 grams — the highest recorded to date ...
Data from 1971 to 1991–92 are based on official exchange rates. Data from 1992 to 1993 onward are based on FEDAI (Foreign Exchange Dealers' Association of India) indicative rates. Data from 1971 to 1972–73 for the Deutsche Mark and the Japanese Yen are cross rates with the US Dollar. The Euro replaced the Deutsche Mark w.e.f. January 1, 1999.
In 1892, the Government of India announced its intent to "close Indian mints to silver" and, in 1893, it brought this policy into force. [2] The committee recommended that the official Indian rupee be based on the gold standard and the official exchange rate of the rupee be established at 15 rupees per British sovereign , or 1 shilling and 4 ...
The most valuable was the star pagoda, 100 of them were worth 350 rupees, issued by the English East India Company at Chennai. [3] [4] A star pagoda weighed 3g (of gold). [5] The second was the Porto Novo pagoda, issued by the Dutch at Thoothukudi and also by the Nawabs of Arcot, and worth about 25% less than the star pagoda. [6]
White gold is an alloy of gold and at least one white metal (usually nickel, silver, platinum or palladium). [5] Like yellow gold, the purity of white gold is given in karats. White gold's properties vary depending on the metals used and their proportions. A common white gold formulation consists of 90% wt. gold and 10% wt. nickel. [4] Copper ...