Gold Rate During The Last 50 Years

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    Gold Rate During The Last 50 Years

    Gold Rates During The Last 50 YearsHistorical Data of Gold Rates in India

    Gold is an asset every one of us invests in, at some point in our life. A gold loan is the best solution for people who wish to pay for certain expenses but at lower interest rates. Gold prices have been increasing over the years. We have tried to compile data on the gold rates per gram in INR over the past 50 years in India.


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    Trend Of Gold Rate in India

    This Table Contains the Average Annual Gold Rate from 1964 - 2021
    Year Price (24 karat per 10 grams) Year Price (24 karat per 10 grams)
    1964 ₹ 63.25 1993 ₹ 4,140.00
    1965 ₹ 71.75 1994 ₹ 4,598.00
    1966 ₹ 83.75 1995 ₹ 4,680.00
    1967 ₹ 102.50 1996 ₹ 5,160.00
    1968 ₹ 162.00 1997 ₹ 4,725.00
    1969 ₹ 176.00 1998 ₹ 4,045.00
    1970 ₹ 184.00 1999 ₹ 4,234.00
    1971 ₹ 193.00 2000 ₹ 4,400.00
    1972 ₹ 202.00 2001 ₹ 4,300.00
    1973 ₹ 278.50 2002 ₹ 4,990.00
    1974 ₹ 506.00 2003 ₹ 5,600.00
    1975 ₹ 540.00 2004 ₹ 5,850.00
    1976 ₹ 432.00 2005 ₹ 7,000.00
    1977 ₹ 486.00 2006 ₹ 8,400.00
    1978 ₹ 685.00 2007 ₹ 10,800.00
    1979 ₹ 937.00 2008 ₹ 12,500.00
    1980 ₹ 1,330.00 2009 ₹ 14,500.00
    1981 ₹ 1,800.00 2010 ₹ 18,500.00
    1982 ₹ 1,645.00 2011 ₹ 26,400.00
    1983 ₹ 1,800.00 2012 ₹ 31,050.00
    1984 ₹ 1,970.00 2013 ₹ 29,600.00
    1985 ₹ 2,130.00 2014 ₹ 28,006.50
    1986 ₹ 2,140.00 2015 ₹ 26,343.50
    1987 ₹ 2,570.00 2016 ₹ 28,623.50
    1988 ₹ 3,130.00 2017 ₹ 29,667.50
    1989 ₹ 3,140.00 2018 ₹ 31,438.00
    1990 ₹ 3,200.00 2019 ₹ 35,220.00
    1991 ₹ 3,466.00 2020 ₹ 48,651.00
    1992 ₹ 4,334.00 2021 ₹ 50,045.00

    Gold prices fluctuated throughout the year 2020 because of the COVID-19 epidemic. With gold functioning as a safe haven for investors, demand for the precious metal grew, and its price followed suit. During the epidemic, the stock market weakened, but it began to recover by the end of 2020 when the price of gold fell slightly.

    It’s crucial to remember that gold prices fluctuate during the year, and the figure below represents the average price for that year.

    With the exception of a few lows shared across a few years, The table shows that the gold price trend has always been upward, supporting the claim that gold is a secure investment over extended periods of time.


    Let’s review the Gold rates during the last 50 years as follows:

    Studying the gold rate trend in India may provide insight into future swings, allowing for more informed investment decisions. The gold rate is influenced by a number of factors, including the central bank’s stability, market supply and demand, quantitative easing, government reserves, the health of the jewellery industry, and overall annual production, to mention a few.

    1. The year 1950- 1959:

    Year    Rate(In INR)
    1950    Rs.99
    1951    Rs.98
    1952    Rs.76
    1953    Rs.73
    1954    Rs.77
    1955    Rs.79
    1956    Rs.90
    1957    Rs.90
    1958    Rs.95
    1959    Rs.102

     

    2. The year 1960 – 1969:

    Year    Rate(In INR)
    1960    Rs.111
    1961    Rs.119
    1962    Rs.119
    1963    Rs.97
    1964    Rs.63
    1965    Rs.71
    1966    Rs.83     
    1967    Rs.102
    1968    Rs.162
    1969    Rs.176

     

    3. The year 1970 – 1979:

    Year    Rate(In INR)
    1970    Rs.184
    1971    Rs.193
    1972    Rs.202
    1973    Rs.243
    1974    Rs.369
    1975    Rs.520
    1976    Rs.545
    1977    Rs.486
    1978    Rs.685
    1979    Rs.890

     

    4. The year 1980 – 1989:

    Year    Rate(In INR)
    1980    Rs.1300
    1981    Rs.1800
    1982    Rs.1600
    1983    Rs.1800
    1984    Rs.1900
    1985    Rs.2000
    1986    Rs.2100
    1987    Rs.2500
    1988    Rs.3000
    1989    Rs.3100

     

    5. The year 1990 – 1999:

    Year    Rate(In INR)
    1990    Rs.3200
    1991    Rs.3400
    1992    Rs.4300
    1993    Rs.4100
    1994    Rs.4500
    1995    Rs.4650
    1996    Rs.5100
    1997    Rs.4700
    1998    Rs.4000
    1999    Rs.4200

     

    6. The year 2000 – 2012:

    Year    Rate(In INR)
    2000    Rs.4400
    2001    Rs.4300
    2002    Rs.5000
    2003    Rs.5700
    2004    Rs.5800
    2005    Rs.7000
    2006    Rs.9000
    2007    Rs.10800
    2008    Rs.12500
    2009    Rs.14500
    2010    Rs.18000
    2011    Rs.25000
    2012    Rs.32000

     

    7. The year 2013 – 2020:

    Year    Rate(In INR)
    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

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    FAQs of Gold Rate Trend in India

    ✅ What will the gold rate in India look like in 2021?

    Gold rates were good in 2021, although they fluctuated throughout February due to a variety of events in the international market. Due to the COVID-19 issue and other circumstances, average gold prices for the year climbed significantly compared to 2019.

    ✅ Will the price of gold fall in the near future?

    Gold prices may rise in the market as the US government pushes for another stimulus package to fight the COVID-19 situation. However, the metal’s value fluctuates due to a variety of factors that influence its price.

    ✅ When was the lowest gold price in India?

    If we look at the average annual gold price in India during the last ten years, from 2010 to 2020, the lowest yearly average occurred in 2010, when gold was priced at Rs.18,500 per ten gram. In India, the average gold price per ten gram was Rs.48,651 in 2020.

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