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.
The below chart represents the historical movement of gold prices in India:
To know the historical gold rates in India, please refer the table given below. It contains the average annual price of gold (24 karat per 10 grams) from the year 1964 to the current year. This will help you analyze the trends in gold prices in India over the years. This can help in understanding future trends which will be useful when making investment plans as well.
Year | Price (24 Karat per 10 grams) |
2025 (Till Today) | ₹1,22,290.00 |
2024 | ₹77,913.00 |
2023 | ₹65,330.00 |
2022 | ₹52,670.00 |
2021 | ₹48,720.00 |
2020 | ₹48,651.00 |
2019 | ₹35,220.00 |
2018 | ₹31,438.00 |
2017 | ₹29,667.50 |
2016 | ₹28,623.50 |
2015 | ₹26,343.50 |
2014 | ₹28,006.50 |
2013 | ₹29,600.00 |
2012 | ₹31,050.00 |
2011 | ₹26,400.00 |
2010 | ₹18,500.00 |
2009 | ₹14,500.00 |
2008 | ₹12,500.00 |
2007 | ₹10,800.00 |
2005 | ₹7,000.00 |
2004 | ₹5,850.00 |
2003 | ₹5,600.00 |
2002 | ₹4,990.00 |
2001 | ₹4,300.00 |
2000 | ₹4,400.00 |
1999 | ₹4,234.00 |
1998 | ₹4,045.00 |
1997 | ₹4,725.00 |
1996 | ₹5,160.00 |
1995 | ₹4,680.00 |
1994 | ₹4,598.00 |
1993 | ₹4,140.00 |
1992 | ₹4,334.00 |
1991 | ₹3,466.00 |
1990 | ₹3,200.00 |
1989 | ₹3,140.00 |
1988 | ₹3,130.00 |
1987 | ₹2,570.00 |
1986 | ₹2,140.00 |
1985 | ₹2,130.00 |
1984 | ₹1,970.00 |
1983 | ₹1,800.00 |
1982 | ₹1,645.00 |
1981 | ₹1,670.00 |
1980 | ₹1,330.00 |
1979 | ₹937.00 |
1978 | ₹685.00 |
1977 | ₹486.00 |
1976 | ₹432.00 |
1975 | ₹540.00 |
1974 | ₹506.00 |
1973 | ₹278.50 |
1972 | ₹202.00 |
1971 | ₹193.00 |
1970 | ₹184.00 |
1969 | ₹176.00 |
1968 | ₹162.00 |
1967 | ₹102.50 |
1966 | ₹83.75 |
1965 | ₹71.75 |
1964 | ₹63.25 |
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.
Also, Check - Silver Rate Trend in India
There are certain factors that determine the increase in the price of Gold. We will have a look at them:
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.
There is no distinction between normal and hallmarked gold rates. Nobody charges you more to get a hallmarked gold rate. It is the same price at which regular gold is sold. The only difference is that when you buy regular gold, you are guaranteed purity. Things to know about normal and hallmarked gold:
During troubled times, gold, the precious metal, is one of the most sought-after investments. Year after year, global investment in precious metals has increased.
Since 2001, the metal has grown at a rate of about 15% per year. Since the financial crisis rocked the markets in 2008-2009, the unique quality of the haven jewelry metal has renewed focus on effective risk management.
The shifting rate of economic growth has compelled even institutional investors to engage in this asset, which provides long-term profits. It also serves as a diversifier, mitigating losses during stock market volatility.
The precious metal is a notable liquid asset that comes in useful during stormy times. The yellow metal protects against inflation and currency depreciation. Aside from that, the metal shines when equities and debt fall in stock markets.
India, the gold-loving country, has a stronger fondness for the metal and currently ranks second in global consumption. It serves as both an investment opportunity and a luxury item. Metal's value has increased dramatically throughout the years, making it one of the safest assets to invest in.
Some of the reasons why you must invest in Gold in India are:
There are certain points you will have to keep in mind while looking to purchase Gold in India. These points are given below:
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 2025, 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.
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.
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.
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.
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%.
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.
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.
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