Gold Historical Rates: Not only India, there is a lot of boom in the demand for gold. This is the reason that the price of 10 grams of gold has reached beyond 1 lakh rupees. But do you know what was the price of gold at 78 years ago i.e. at the time of independence?
Gold Historical Price: It has been 78 years since India became independent. During this time, the prices of many things have reached arson from the floor. Even the price of gold has reached beyond Rs 1 lakh per 10 grams. But do you know, what was the price of gold in independence i.e. 1947? At the same time, if a person born at that time would have 100 grams of gold and he would have kept it till date, then what will be his price now? Let’s know.
How much was the price of gold 78 years ago?
In 1947, 78 years ago, the price of gold in India was around Rs 88.60 per 10 grams. That is, at that time, the price of 100 grams of gold would have been around 880 rupees. At the same time, now gold is Rs 1,00,000. According to this, the price of that gold in today’s date is more than 10 lakh rupees. That is, the price of gold has increased 1136 times since independence. Comparing the price of gold at that time from today, 10 grams of gold could be purchased very comfortably for the price of a chocolate (dairy milk).
See also: Gold Price: Gold became more than ₹ 25,000 expensive in just 8 months, know 5 big reasons
Why gold became so expensive?
Inflation is the biggest reason for the rise in the price of gold. In the last 78 years, the prices of goods have increased due to inflation, while the price of currency has decreased in proportion. Apart from this, as the economy grows, the demand for gold also increases. One of the reasons for unexpected increase in gold prices is also geo-political tension. Whenever uncertainty in the world increases, people consider it safe to invest in gold as a safe investment. This increases both demand and price of gold.
From 1947 to 2025 … How did the price of gold rise?
Year |
Annual average price of gold (24 carat per 10 grams) |
| 1947 | 88.62 rupees |
| 1964 | 63.25 rupees |
| 1970 | 184 rupees |
| 1975 | 540 rupees |
| 1980 | 1,330 rupees |
| 1985 | 2,130 rupees |
| 1990 | Rs 3,200 |
| 1995 | 4,680 rupees |
| 2000 | 4,400 rupees |
| 2005 | 7,000 rupees |
| 2010 | 18,500 rupees |
| 2015 | 26,343 rupees |
| 2020 | 48,651 rupees |
| 2021 | .48,720 rupees |
| 2022 | 52,670 rupees |
| 2023 | 65,330 rupees |
| 2024 | 77,913 rupees |
| 2025 | 1,00,000 rupees |
No one was to ask gold for 17 years continuously
In 1947, when the country got independence, gold was less than Rs 100, ie around Rs 90 per 10 grams. After independence, stability was seen from the stock market to the global level, due to which the price of gold started declining further. Due to this, gold broke down to Rs 63 instead of getting expensive in 17 years by 1964. However, 4 years later, around 1967, gold crossed 100 rupees.
Gold became expensive double in 5 years after Kovid
Gold prices were the biggest rapid rise during the Corona period. While the price of gold was around Rs 48,650 during Kovid in 2020, by 2025, its price increased by almost doubled to around Rs 1 lakh. In 2023, the price of Gold crossed the level of Rs 65,000 per 10 grams. At the same time, in 2024 it crossed the level of Rs 77,900. By August 2025, gold has reached above Rs 1 lakh per 10 grams.
How expensive Gold became in 2025?
Talking about the year 2025, on January 1, 24 carat pure gold is priced at Rs 76,162
This year i.e. since January 1, the price of 10 grams 24 carat gold was around Rs 76,162 per 10 grams, which has now reached Rs 1,00,023. That is, in the last 7 and a half months, the price of gold has increased by Rs 23,861. Experts say that by the end of the year, gold can touch the level of Rs 1,05,000 per 10 grams.
See also: Gold and silver will be more expensive? Know where the price will reach in 6 months