Gold Rate During The Last 50 Years

Trend Of Gold Rate in India – Last 50 Years

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.

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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