Historical Trends of Gold Rates in India
Written by Mariyam Sara
3 min read | Updated on October 17, 2025, 13:26 IST
Historical Trends in Gold Rates in India
Gold Price in India (24K per 10 grams)
Significant Rise In the Gold Price Post 2021
Factors Influencing Gold Prices
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While the West is infatuated with diamonds, Indians are obsessed with Gold. Gold has been a significant precious metal in Indian history, symbolising wealth and prosperity. To the point that buying and gifting gold on auspicious occasions has become an Indian tradition.
For Indians, Gold not only holds monetary but also sentimental value. Hence, often gold is given as a memorable present to show their love and appreciation.
Historical Trends in Gold Rates in India
The following is the chart representing gold’s historical price trends in India.
Gold Price in India (24K per 10 grams)
| Year | Price (₹) |
|---|---|
| 2025 | ₹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 |
Significant Rise In the Gold Price Post 2021
You can observe from the chart that after the year 2021, Gold prices started rising significantly. This could be due to the effects of the COVID-19 pandemic, which caused economic disruptions around the world.
In times of economic uncertainty and downturns, gold acts as a hedge against future inflation and currency devaluation. Thus, increasing the gold rates.
Factors Influencing Gold Prices
Here are the factors that affect the gold price in India,
Global Gold Market Trends
Gold prices in India are highly influenced by changes in international gold rates. During economic uncertainty, countries and individuals invest in gold, which increases its demand, leading to a rise in the gold price in international markets.
Exchange Rate
As the Indian Rupee weakens against the US Dollar, gold becomes more expensive. A strong rupee can make gold affordable for Indians.
Government Policies
Government policies like import duty and GST tax increase the gold price.
For example, Gold prices in Dubai are comparatively lower than those in India due to no import duty and taxes on gold imports. As a result, the retail gold prices and jeweler’s making charges are lower than those in India.
Changes in Interest Rate
When a country has an interest rate, it lowers the appeal of investing in gold if interest rates are higher than the returns on gold. Similarly, when interest rates are low, more investors invest in gold as it provides higher returns, thereby raising its price.
Seasonal Buying Trends
Indians usually buy gold during festivals and wedding seasons, which increases the demand for gold, resulting in an increase in gold prices.
From the time India gained its independence, to liberalization and the pandemic it experienced, Gold rates have evolved with India. As gold prices become unaffordable for the general public, young investors are investing in gold-related securities like Sovereign Gold bonds, Gold ETFs, and Gold Mutual funds.
About Author
Mariyam Sara
Sub-Editor
holds an MBA in Finance and is a true Finance Fanatic. She writes extensively on all things finance whether it’s stock trading, personal finance, or insurance, chances are she’s covered it. When she’s not writing, she’s busy pursuing NISM certifications, experimenting with new baking recipes.
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