Gold in India is not just a metal, but is a symbol of culture, tradition and investment.
Gold price during independence in 1947
1950-60 decades: mild fluctuations
1970s: First major jump in gold
1980-1990: New round of investment
2000s: fast lead in high speed
2008-2015: Economic crisis and gold shine
2020: Record speed in Corona period
2025: 10 grams of gold crosses 1 lakh rupees
Gold in India is not just a metal, but is a symbol of culture, tradition and investment. Since independence, from 2025, there has been a tremendous change in the price of gold. Gold, once sold for Rs 88, has crossed the level of Rs 1 lakh.
Gold price during independence in 1947
When India became independent, the price of 10 grams of gold was only Rs 88.62. It used to be a part of every common marriage.
1950-60 decades: mild fluctuations
In 1950, the price ranged from Rs 90 to 112.
In 1964, it fell to Rs 63.25, but increased to Rs 176 in the end of the decade.
1970s: First major jump in gold
Price 184 rupees in 1970,
540 rupees in 1975,
In 1979, it reached Rs 937 per 10 grams.
Economic turmoil around the world affected it.
1980-1990: New round of investment
1,333 rupees in 1980,
Rs 2,130 in 1985 and
3,200 rupees per 10 grams in 1990.
Now gold had become a popular means of investment.
2000s: fast lead in high speed
Rs 4,400 in 2000,
7,000 rupees in 2005 and
18,500 rupees per 10 grams by 2010.
Gold became expensive due to inflation and desire for investment.
2008-2015: Economic crisis and gold shine
In the global crisis of 2008, gold was considered a “safe haven”.
There was a huge jump in prices.
2020: Record speed in Corona period
During Kovid-19, people expressed confidence in gold.
Prices crossed 50,000 to 60,000 rupees.