As you all know that, as per the observation of economists, according to the current trend, it seems that the yellow metal is performing better as an investment option in comparison to mutual funds, equities, real estate, and fixed deposits. The weak global economic outlook for the entire year is might be the reason why gold prices are surging. The yellow metal is considered as a financial instrument that does not erode in valuation during periods of economic turbulence. Many global investors are looking for safer investment options including gold as fears over a recession continue to grow.
Therefore, today I am discussing year wise Price of Gold in India in last 56 year. So that we can observe the growth in gold market since 1964 till date.
| Year | Price (24 karat per 10 grams) | Year | Price (24 karat per 10 grams) |
| 1964 | Rs.63.25 | 1992 | Rs.4,334.00 |
| 1965 | Rs.71.75 | 1993 | Rs.4,140.00 |
| 1966 | Rs.83.75 | 1994 | Rs.4,598.00 |
| 1967 | Rs.102.50 | 1995 | Rs.4,680.00 |
| 1968 | Rs.162.00 | 1996 | Rs.5,160.00 |
| 1969 | Rs.176.00 | 1997 | Rs.4,725.00 |
| 1970 | Rs.184.00 | 1998 | Rs.4,045.00 |
| 1971 | Rs.193.00 | 1999 | Rs.4,234.00 |
| 1972 | Rs.202.00 | 2000 | Rs.4,400.00 |
| 1973 | Rs.278.50 | 2001 | Rs.4,300.00 |
| 1974 | Rs.506.00 | 2002 | Rs.4,990.00 |
| 1975 | Rs.540.00 | 2003 | Rs.5,600.00 |
| 1976 | Rs.432.00 | 2004 | Rs.5,850.00 |
| 1977 | Rs.486.00 | 2005 | Rs.7,000.00 |
| 1978 | Rs.685.00 | 2006 | Rs.8,400.00 |
| 1979 | Rs.937.00 | 2007 | Rs.10,800.00 |
| 1980 | Rs.1,330.00 | 2008 | Rs.12,500.00 |
| 1981 | Rs.1,800.00 | 2009 | Rs.14,500.00 |
| 1982 | Rs.1,645.00 | 2010 | Rs.18,500.00 |
| 1983 | Rs.1,800.00 | 2011 | Rs.26,400.00 |
| 1984 | Rs.1,970.00 | 2012 | Rs.31,050.00 |
| 1985 | Rs.2,130.00 | 2013 | Rs.29,600.00 |
| 1986 | Rs.2,140.00 | 2014 | Rs.28,006.50 |
| 1987 | Rs.2,570.00 | 2015 | Rs.26,343.50 |
| 1988 | Rs.3,130.00 | 2016 | Rs.28,623.50 |
| 1989 | Rs.3,140.00 | 2017 | Rs.29,667.50 |
| 1990 | Rs.3,200.00 | 2018 | Rs.31,438.00 |
| 1991 | Rs.3,466.00 | 2019 | Rs.35,220.00 |
Therefore, to conclude, it will be advisable that Investing in gold can most probably will not disappoint you.
Must Read- Wealth Tax – Rates of Gold & Silver with valuation rules
Republished with Amendments
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Is the price of gold given as monthly average or daily average in the table above ?
Good information,Get the latest gold price and also check out the trending chart for gold price in india
thanks for sharing.
HI,
GOOD DAY. I WANT TO KNOW LAST 20 YEARS GOLD PRICE MONTH WISE.
THANKS N. REGARDS
DIVYA
Can you post an updated chart that includes prices till 2017 or 2018
PLEASE UPDATE.. THE CHART SHOWS UPTO 2011 ONLY..
plz send a monthly chart of gold price from 1990 to 2017
please form61a process
EXCELLENT VERY GOOD INFORMATION
THANK YOU
please update gold price on daily basis, please suggest how to buying gold in bank
Will gold rate will come down to Rs.18.75 in near future..?
I want to know the gold price in india for last 20 years month wise.
need platinum price for last 25years
Very very useful information. I saw it first in the Times of India dt.18.4.2013
The same 18.75 if had invested with a mere return of 10% annually would have yield Rs.68,041.23624 and a good investment of 15% returns annually would yield Rs.31,11,827.701.
So, gold is not a good idea when it comes to investment. But it is good idea for emergency money(like insurance) as it a very good liquid asset.
nice work sir
plz send me silver rate list of 10 year
returns from Gold needs to be compared against returns from FDs. I don’t think that the picture will be great. based on the above Gold prices, returns are approximately 9% which is at par with existing interest rates on FDs. I feel that there were years when interest on FDs were in double digit. So, investment in gold may disappoint you unless you invested some 5-10 years back.
Very useful information is provided. People apprears are crazy to hold the metal and a right time to curb the possession. Prescribing a limit to hold jewellery and banning the primary gold without a declartion may solve the problem of inflation in price and such an imposition may also curb black money investment and curb corruption and crimes.