Gold Rates Historical Data for India

Indians are among the world’s leading consumers of gold, with the precious metal constituting a significant portion of our total imports.

Indians tend to buy gold since it is considered a ‘safe’ investment. Investors study the markets for fluctuations in prices, which dictate demand.

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Historical gold rate trend in India

The below chart represents the historical movement of gold prices in India:

This chart contains the average annual price for gold from 1964 – present.
Year Price (24 karat per 10 grams)
1964 Rs.63.25
1965 Rs.71.75
1966 Rs.83.75
1967 Rs.102.50
1968 Rs.162.00
1969 Rs.176.00
1970 Rs.184.00
1971 Rs.193.00
1972 Rs.202.00
1973 Rs.278.50
1974 Rs.506.00
1975 Rs.540.00
1976 Rs.432.00
1977 Rs.486.00
1978 Rs.685.00
1979 Rs.937.00
1980 Rs.1,330.00
1981 Rs.1,800.00
1982 Rs.1,645.00
1983 Rs.1,800.00
1984 Rs.1,970.00
1985 Rs.2,130.00
1986 Rs.2,140.00
1987 Rs.2,570.00
1988 Rs.3,130.00
1989 Rs.3,140.00
1990 Rs.3,200.00
1991 Rs.3,466.00
1992 Rs.4,334.00
1993 Rs.4,140.00
1994 Rs.4,598.00
1995 Rs.4,680.00
1996 Rs.5,160.00
1997 Rs.4,725.00
1998 Rs.4,045.00
1999 Rs.4,234.00
2000 Rs.4,400.00
2001 Rs.4,300.00
2002 Rs.4,990.00
2003 Rs.5,600.00
2004 Rs.5,850.00
2005 Rs.7,000.00
2007 Rs.10,800.00
2008 Rs.12,500.00
2009 Rs.14,500.00
2010 Rs.18,500.00
2011 Rs.26,400.00
2012 Rs.31,050.00
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
2020 Rs.48,651.00
2021 Rs.48,720.00
2022 (Till Today) Rs.52,670.00

Gold prices in India in 2022 have fluctuated. When compared to 2021, the prices of gold have jumped significantly. Over the first six months of the year, the prices of the yellow metal have increased by around Rs.3,000, seeing a gain of almost 6.5%. The Russia-Ukraine war, US Fed rate increase, and inflation have played a role in gold rates increasing. The increase in the demand for gold has seen the equities market fall since the beginning of the year.

*The price of gold showed a fluctuating trend through the year of 2020 after opening the year on a positive note due to the COVID-19 pandemic. With the precious metal serving as a safe-haven for investors, the demand for gold increased and so did its price. The equities market suffered during the pandemic but showed signs of recovery at the end of 2020 when the price of gold declined marginally.

It’s important to note that the gold prices would fluctuate during the year and the amount mentioned below is a representation of the average price for that year.

With the exception of a few lows between some years. the table indicates that the gold price trend has historically been on the rise, lending credit to the argument that gold is a safe investment over long periods of time.

Studying the gold rate trend in India

Studying the gold rate trend in India could offer an insight into future fluctuations and investment plans can be made accordingly. The gold rate depends on a number of factors like the stability of the central bank, the supply and demand of gold in the market, quantitative easing, government reserves, the health of the jewellery industry and overall yearly production to name a few.

Which factors influence the gold price in India:

There are certain factors that determine the increase in the price of Gold. We will have a look at them:

  • The demand for gold plays a role in the price of gold. Gold is purchased for auspicious reasons. People tend to buy gold whenever there is a wedding, festival, or any similar festive event. Thus, the higher the demand for gold, the greater its value will be.
  • The movement in global markets also determines the value of gold. The precious metal is considered to be a safe haven for investors and is less volatile. This means that oil and the dollar considered being riskier assets and certainly more volatile experience a drop in their price, then the value of gold grows simultaneously.
  • Political factors, and government policy also affect the domestic price of gold in India. Similarly, any political event, or major economic change which may have global impact also plays a role in the price of Gold increasing or even decreasing.

When is the right time to buy Gold in India

You will have to keep an eye on the value of gold before deciding to buy the yellow metal for yourself. Various political events, changes in economic conditions, government policies can impact the price of Gold in India. For example, due to the outbreak of Covid-19, and the war between Ukraine and Russia may result in the price of gold rising. You can purchase gold when the price is down and sell it when its value goes up.

Gold is generally purchased so that you can take care of yourself in case you are facing a severe financial crunch.

Ways to Invest in Gold in India

In Manipur, gold is traditionally invested in the form of jewellery, coins, and bars. However, new channels of investment in gold have recently opened up and this has provided investors with new ways to trade gold. Here are some of the most popular options if you want to invest in gold for a long term:

  1. Gold mutual funds - You can invest in mutual funds, such as a fund of funds (FOF) that holds units in other gold-related funds. Alternatively, you can invest in a fund that owns stocks of gold firms that are listed on worldwide stock markets.
  2. Gold coins, bars, and biscuits - You can invest in gold in the form of gold coins, bars, and biscuits. Gold coins can be purchased from a bank or a certified jewellery dealer in various weights.
  3. Gold ETFs - You can invest in gold by purchasing Exchange Traded Funds (ETFs). Gold ETFs are easy to purchase and sell since they are traded on the stock exchange. The risk of theft is eliminated because these are held in electronic form.

Things to keep in mind while purchasing Gold in India

There are certain points you will have to keep in mind while looking to purchase Gold in India. These points are given below:

  • Look to purchase hallmark gold - You must ensure you purchase hallmarked gold only. There are various jewelers in Bhubaneswar who sell gold to their customers and are authentic and pure in nature. Make sure the gold you are purchasing is pure.
  • Check the market movement - You must be aware of the market movement before you invest in gold. In case the market is down, it can be a good time for you to buy gold. Once the price of gold goes up, you can sell your gold for profit. And also check today's silver price in India

FAQs on Gold Rate Trend in India

  1. What is the gold rate trend in India in 2022?

    Global gold markets are heavily influenced by the monetary policy and interest rates set by the US Federal reserve. Interest rates are predicted to increase in 2022, which may result in falling gold prices. There was only a marginal increase in gold prices throughout the first half of the year although it was still higher than during the Covid-19 crisis in 2020.

  2. What is the trend of gold rate in India in 2021?

    In 2021, gold rates were trading positive but have been fluctuating throughout the month of February due to various factors in the international market. Compared to 2019, the average gold prices for the year had increased substantially due to the COVID-19 crisis and other factors.

  3. Will the price of gold decrease in the coming days?

    Ans: With the U.S. government pushing to release another stimulus package to combat the crisis of COVID-19, gold prices may increase in the market. However, the value of the metal keeps fluctuating as there are many factors which determine its price.

  4. When was the gold price the lowest in India?

    If we take the average annual gold price in India in the past 10 years, from 2010 to 2020, the lowest yearly average was in 2010 when the price of gold was Rs.18,500 per 10 grams. In 2020, the average gold price in India was Rs.48,651 per 10 grams.

  5. When was the highest incline seen in gold prices in India?

    Taking into consideration the annual average price of gold in India, the highest increase in gold prices was from 2010 to 2011 when the annual average gold price had increased from Rs.18,500 per 10 grams to Rs.26,400 per 10 grams.

  6. What is 916 gold?

    22 karat gold 916 gold is also known as 916 gold. 916 stands for the amount of purity of gold. In this case it denotes the percentage of pure gold in 100 gms of gold, that is, 91.6%.

  7. What is the difference between 22 karat gold and 24 karat gold?

    The difference between 22 karat gold and 24 karat gold is the amount of pure gold that is present in it. 24 karat gold is 100% pure gold, that is, it is composed of 100% pure gold. 22 karat gold, on the other hand, is composed of 91.67% pure gold. The 22 karat gold has impurities mixed with it in the form of alloy of metals like silver and copper.

  8. How can I check the purity of gold?

    You can check the purity of gold by simply taking it to a jeweller or by examining the BIS standard mark which is present in all ornaments.

    Also check Today's Gold Rate in the most popular Indian cities

    Read More on Gold

    Also Check Petrol Price and Diesel Price in India

News On Gold Rates

  • Gold rates declined on 30 November

    The prices of the precious yellow metal dipped by Rs.100 at Mumbai, Kolkata, Chennai, and Delhi on 30 November 2022. The price of 22 karat gold in Chennai is Rs.49,160 per ten grams, whereas the price of 24 karat gold is Rs.53,630 per ten grams. In Delhi the price of ten grams of 22 karat and 24 karat gold is Rs.48,610 and Rs.53,040, respectively.

    1 December 2022

  • Ten grams of gold costs Rs.52,980

    Ten grams of gold in India stands at Rs.52,980 on 28 November. In Kolkata and Mumbai, the precious yellow metal is priced at Rs.48,560 per ten grams. On the other hand, in Chennai, the same is being acquired at Rs.49,260. Gold is purchased at Rs.48,710 per ten grams in New Delhi.

    29 November 2022

  • Increase in Gold Rate in India on 25 November 2022

    The price of 24 karat gold and 22 karat gold has increased in India by Rs.290 on 25 November 2022. The cost of 24 karat gold now is Rs.52,710 and 22 karat gold is Rs.48,820.

    26 November 2022

  • 24 karat gold trading at Rs.52,920 today

    In Kolkata and Mumbai, the price of 10 gram of 22 karat and 24 karat gold is Rs.48,500 and Rs.52,920, respectively. The price of the precious yellow metal stands at Rs.48,700 per 10 gram of 22 karat gold and Rs.53,070 per 10 gram of 24 karat gold in New Delhi. In Chennai, 22 karat gold costs Rs.49,200 per 10 gram while 24 karat gold is priced at Rs.53,670 per 10 gram. In Ahmedabad, 10 gram of 22 karat gold is sold at Rs.48,550 whereas 24 karat gold costs Rs.52,970 per 10 gram.

    23 November 2022

  • Price of 22-carat and 24-carat gold increased today on 21 November

    The price of yellow metal rose by Rs.60 for both 22-carat and 24-carat gold today, 21 November, across all Indian cities. The cost of 24-carat gold in the nation’s capital, Delhi, is Rs.53,350 per 10 grams. The cost of the same variety and quantity of gold is Rs.52,285 in Chennai, while in Bhubaneswar, Kolkata, and Mumbai, the price is Rs.53,180.

    22 November 2022

  • Gold prices across major cities in India Mumbai, Delhi, Kolkata, and Chennai

    The price of 10 gram of 22 karat gold in Mumbai is Rs.47,800, in Delhi it is Rs.47,950, in Chennai it is Rs.49,400 and in Kolkata, it is Rs.47,800. You can purchase 24 karat gold (10 gram) in Delhi for Rs.52,300, in Mumbai for Rs.52,150, in Kolkata for Rs.52,150, and in Chennai for Rs.53,890.

    17 November 2022

  • Gold prices today

    On 15 November 2022, gold futures increased by 0.5% to Rs.52,601 per 10 gram on MCX. Gold prices in international markets fell marginally to $1,760 per ounce after reaching three-month highs. Last week, the precious yellow metal reached its highest weekly rise since March 2020.

    16 November 2022

  • Gold rates remains stable today on 11 November in most of the Indian cities

    In Delhi and Chennai, the purest form of 10 grams of gold cost Rs. 51,770 and Rs.52,530, respectively. For the same quantity of 24-carat gold the price stands at Rs. 51,670 and Rs.51,670 in Kolkata and Mumbai, respectively. The prices remain stable for both 22-carat and 24-carat gold in some of the major Indian cities.

    12 November 2022

  • Gold and Silver rates in Kerala, Visakhapatnam, Bangalore, and Hyderabad today

    The cost of 22 karat gold (10 gram) is Rs.46,800 and 24 karat gold (10 gram) is Rs.51,050 across Bangalore, Hyderabad, Visakhapatnam, and Kerala. In Hyderabad and Bangalore, 22 karat gold rates have dropped by Rs.100. The holding rate of 10 gram of 24 karat is at Rs.51,050 with a fall of Rs.10 and Rs.110 in Bangalore and Hyderabad respectively. You can purchase 1 kg of silver for Rs.66,700.

    10 November 2022

  • Gold prices went up today on 7 November

    Gold recorded higher prices on 7 November due to the drop in the US Dollar. After trading flat last week, the yellow metal went up by 0.11% on the Multi Commodity Exchange and stands at Rs.50,920 for one gram.

    08 November 2022

  • Gold Prices on 4 November 2022

    The price of gold for 10 grams increased by 0.31%, or Rs.156, on the MCX NSE -0.30% exchange on 4 November 2022. The purest gold was sold at Rs.50,114 per 10 grams on the spot market.

    05 November 2022

  • Gold prices decline to Rs.46,700

    On Wednesday, gold prices decline slightly in the domestic markets. The price of 24 karat gold is Rs.50,390 per 10 gram while 10 gram of 22 karat gold is priced at Rs.46,700. In Mumbai, Hyderabad, and Kolkata, 24 karat gold costs Rs.50,770 per 10 gram and the price of 22 karat gold is Rs.46,540 per 10 gram. The prices of 10 gram of 22 karat and 24 karat gold are Rs.47,290 and Rs.51,590, respectively in Chennai.

    03 November 2022

  • Gold price retails at Rs.51,000

    The price of gold in India remained unchanged as 10 grams of 24-karat gold was retailing at Rs.51,000 in cities like Mumbai and Kolkata, while it was being sold at Rs.51,160 in New Delhi, and Rs.51,330 in Chennai.

    01 November 2022

  • No change in gold rates today on 28 October

    In the nation’s capital, Delhi, gold prices remain stable after a hike of Rs.100 for 10 grams of both 22-carat and 24-carat gold. The cost of 22- carat and 24-carat gold in Delhi stands at Rs. 47,250 and Rs.51,530 per 10 grams, respectively. The price for the same varieties and quantity of gold in Chennai after a hike of Rs.200 is Rs.47,450 and Rs.51,780. In Mumbai and Kolkata, 22-carat and 24-carat gold is selling at Rs.47,100 and Rs.51,280, respectively.

    29 October 2022

  • Gold prices increase on 27 October

    Gold prices have gone up across major cities like Bengaluru, Hyderabad, and Visakhapatnam on Thursday. In Bengaluru, the price of 10 gram of 22 karat gold has increased by Rs.150 while the price of 10 gram of 24 karat gold has gone up by Rs.170. The price of 10 gram of 22 karat gold rose by Rs.100 and the price of 10 gram of 24 karat gold jumped by Rs.120 in Delhi, Chennai, and Mumbai. In Visakhapatnam, 22 karat gold is trading at Rs.47,000 per 10 gram and 24 karat gold is priced at Rs.51,280 per 10 gram.

    28 October 2022

  • Gold prices stabilises today on 25 October after Diwali

    The price of gold records no change today, 25 October, and stands at Rs.51,450 for 10 grams of 24-carat gold. In some of the major Indian cities, such as Delhi and Chennai, 24-carat gold is selling at Rs.51,310 and Rs.51,720, respectively. The same variety of gold is trading at Rs.51,110 per 10 grams in Mumbai, Hyderabad, and Kolkata.

    26 October 2022

  • Gold prices are stable on 24 October

    On Monday, the price of 24 karat gold is unchanged at Rs.51,290 per 10 gram. In Kolkata and Mumbai, 10 gram of 22 karat gold is priced at Rs.47,010. The price of the precious yellow metal stands at Rs.47,410 per 10 gram of 22 karat gold in Chennai. In Delhi, Lucknow, and Jaipur, 22 karat gold is trading at Rs.47,150 per 10 gram.

    25 October 2022

  • The price of gold surged today on 20 October

    The price of 24-carat gold surged by Rs.140 in some of the major South Indian cities. The cost of 10 grams of 24-carat gold in Bangalore, Hyderabad, Visakhapatnam, and Kerala stands at Rs.50,780. The cost of 22-carat of gold in these cities stands at Rs.46,550 per 10 grams after a fluctuation of Rs.130.

    21 September 2022

  • Gold prices increase on Monday

    On Monday, the price of gold price in India witnessed an increase. Gold futures on the MCX were trading higher, up 0.31% or Rs.156 to Rs.50,416 per 10 gram. According to the Indian Bullion and Jewellers Association, the highest purity gold was trading at Rs.50,438 per 10 gram on Friday. Spot gold went up by 0.5% to $1,650.49 per ounce.

    18 September 2022

  • Gold rates witnessed a decline on 13 October

    Gold prices witnessed a drop on 13 October in Bengaluru, Visakhapatnam, Kerala, and Hyderabad. The price of 22 karat gold is Rs.46,900 and 10 gram of 24 karat gold costs Rs.51,160 in Bengaluru. In Hyderabad, 10 gram of 22 karat and 24 karat gold are priced at Rs.46,900 and Rs.51,160, respectively. The precious yellow metal is priced at Rs.46,900 per 10 gram of 22 karat gold and Rs.51,160 per 10 gram of 24 karat gold in Kerala and Visakhapatnam.

    13 September 2022

  • Gold rates went down on 10 October

    Today in India, gold is trading at a lower rate as the prices of yellow metal dipped in the international market. On the Multi Commodity Exchange, gold rates dropped by more than 1.00%, and spot gold stands at $1,693.19 per ounce after a dip of 0.1%.

    10 October 2022

  • Gold rates in major South Indian cities today on 7 October

    In Bangalore, Hyderabad, Kerala, and Visakhapatnam, the price of 10 grams of both variants of gold went up by Rs.110 today 7 October. The price of yellow metal opened at Rs.47,860 and Rs.52,210 for 22 and 24-carat gold, respectively.

    8 October 2022

Gold Rate In Metro Cities
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