Trend Of Gold Rate in India – Last 50 Years
| This Table Contains the Average Annual Gold Rate from 1965 - 2022 | |||
| Year | Price (24 karat per 10 grams) | Year | Price (24 karat per 10 grams) |
| 2023 | ₹ 54,699 | 1994 | ₹ 4,598 |
| 2022 | ₹ 52,950 | 1993 | ₹ 4,140 |
| 2021 | ₹ 50,045 | 1992 | ₹ 4,334 |
| 2020 | ₹ 48,651 | 1991 | ₹ 3,466 |
| 2019 | ₹ 35,220 | 1990 | ₹ 3,200 |
| 2018 | ₹ 31,438 | 1989 | ₹ 3,140 |
| 2017 | ₹ 29,667 | 1988 | ₹ 3,130 |
| 2016 | ₹ 28,623 | 1987 | ₹ 2,570 |
| 2015 | ₹ 26,343 | 1986 | ₹ 2,140 |
| 2014 | ₹ 28,006 | 1985 | ₹ 2,130 |
| 2013 | ₹ 29,600 | 1984 | ₹ 1,970 |
| 2012 | ₹ 31,050 | 1983 | ₹ 1,800 |
| 2011 | ₹ 26,400 | 1982 | ₹ 1,645 |
| 2010 | ₹ 18,500 | 1981 | ₹ 1,800 |
| 2009 | ₹ 14,500 | 1980 | ₹ 1,330 |
| 2008 | ₹ 12,500 | 1979 | ₹ 937 |
| 2007 | ₹ 10,800 | 1978 | ₹ 685 |
| 2006 | ₹ 8,400 | 1977 | ₹ 486 |
| 2005 | ₹ 7,000 | 1976 | ₹ 432 |
| 2004 | ₹ 5,850 | 1975 | ₹ 540 |
| 2003 | ₹ 5,600 | 1974 | ₹ 506 |
| 2002 | ₹ 4,990 | 1973 | ₹ 279 |
| 2001 | ₹ 4,300 | 1972 | ₹ 202 |
| 2000 | ₹ 4,400 | 1971 | ₹ 193 |
| 1999 | ₹ 4,234 | 1970 | ₹ 184 |
| 1998 | ₹ 4,045 | 1969 | ₹ 176 |
| 1997 | ₹ 4,725 | 1968 | ₹ 162 |
| 1996 | ₹ 5,160 | 1967 | ₹ 103 |
| 1995 | ₹ 4,680 | 1966 | ₹ 84 |
| 1994 | ₹ 4,598 | 1965 | ₹ 72 |
Gold prices fluctuated throughout the year 2020 because of the COVID-19 epidemic. With gold functioning as a safe haven for investors, demand for the precious metal grew, and its price followed suit. During the epidemic, the stock market weakened, but it began to recover by the end of 2020 when the price of gold fell slightly.
It’s crucial to remember that gold prices fluctuate during the year, and the figure below represents the average price for that year.
With the exception of a few lows shared across a few years, The table shows that the gold price trend has always been upward, supporting the claim that gold is a secure investment over extended periods of time.
Historical Data of Gold Rates in India
Gold is an asset every one of us invests in, at some point in our life. A gold loan is the best solution for people who wish to pay for certain expenses but at lower interest rates. Gold prices have been increasing over the years. We have tried to compile data on the gold rates per gram in INR over the past 50 years in India.
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Let’s review the Gold rates during the last 50 years as follows:
Studying the gold rate trend in India may provide insight into future swings, allowing for more informed investment decisions. The gold rate is influenced by a number of factors, including the central bank’s stability, market supply and demand, quantitative easing, government reserves, the health of the jewellery industry, and overall annual production, to mention a few.
1. The year 1950- 1959:
Year Rate(In INR)
1950 Rs.99
1951 Rs.98
1952 Rs.76
1953 Rs.73
1954 Rs.77
1955 Rs.79
1956 Rs.90
1957 Rs.90
1958 Rs.95
1959 Rs.102
2. The year 1960 – 1969:
Year Rate(In INR)
1960 Rs.111
1961 Rs.119
1962 Rs.119
1963 Rs.97
1964 Rs.63
1965 Rs.71
1966 Rs.83
1967 Rs.102
1968 Rs.162
1969 Rs.176
3. The year 1970 – 1979:
Year Rate(In INR)
1970 Rs.184
1971 Rs.193
1972 Rs.202
1973 Rs.243
1974 Rs.369
1975 Rs.520
1976 Rs.545
1977 Rs.486
1978 Rs.685
1979 Rs.890
4. The year 1980 – 1989:
Year Rate(In INR)
1980 Rs.1300
1981 Rs.1800
1982 Rs.1600
1983 Rs.1800
1984 Rs.1900
1985 Rs.2000
1986 Rs.2100
1987 Rs.2500
1988 Rs.3000
1989 Rs.3100
5. The year 1990 – 1999:
Year Rate(In INR)
1990 Rs.3200
1991 Rs.3400
1992 Rs.4300
1993 Rs.4100
1994 Rs.4500
1995 Rs.4650
1996 Rs.5100
1997 Rs.4700
1998 Rs.4000
1999 Rs.4200
6. The year 2000 – 2012:
Year Rate(In INR)
2000 Rs.4400
2001 Rs.4300
2002 Rs.5000
2003 Rs.5700
2004 Rs.5800
2005 Rs.7000
2006 Rs.9000
2007 Rs.10800
2008 Rs.12500
2009 Rs.14500
2010 Rs.18000
2011 Rs.25000
2012 Rs.32000
7. The year 2013 – 2020:
Year Rate(In INR)
2013 Rs.29,600.00
2014 Rs.28,006.50
2015 Rs.26,343.50
2016 Rs.28,623.50
2017 Rs.29,667.50
2018 Rs.31,438.00
2019 Rs.35,220.00
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FAQs of Gold Rate Trend in India
✅ What will the gold rate in India look like in 2021?
Gold rates were good in 2021, although they fluctuated throughout February due to a variety of events in the international market. Due to the COVID-19 issue and other circumstances, average gold prices for the year climbed significantly compared to 2019.
✅ Will the price of gold fall in the near future?
Gold prices may rise in the market as the US government pushes for another stimulus package to fight the COVID-19 situation. However, the metal’s value fluctuates due to a variety of factors that influence its price.
✅ When was the lowest gold price in India?
If we look at the average annual gold price in India during the last ten years, from 2010 to 2020, the lowest yearly average occurred in 2010, when gold was priced at Rs.18,500 per ten gram. In India, the average gold price per ten gram was Rs.48,651 in 2020.
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