Ahmedabad Wealth Management：A complete history of gold prices in India since the 1950s
This article provides a reference list of gold prices in India every year since 1950.
Disclaimer: The historical gold prices in this article are collated from multiple sources over the Internet. The prices since 2007 are yearly averages. The latest prices are from IBJA website.
How have gold prices have moved in India since the 1950s?
Does gold always go up in valueAhmedabad Wealth Management?
Does gold always beat inflation?
Decade-wise gold price
Gold price in the 2020s
Gold price in the 2010s
Gold price in the 2000s
Gold price in the 1990s
Gold price in the 1980s
Gold price in the 1970s
Gold price in the 1960s
Gold price in the 1950s
Gold has risen 594 times in 73 years with a CAGR of 9.14%
We show the gold price (per 10 grams) in two ways. The blue line is the price using a normal scale on the chart. But the actual price movement is seen in the red line which shows the time it took for the price to double. This CAGR shows that gold, on an average, has doubled in price every 8 years as per rule of 72.Pune Investment
Never cross a river that is on average 4 feet deep – Nicholas Taleb.
A very common misconception about gold is that gold always goes up in value. The table below shows the returns for various time periods for gold which shows that gold does not always go up in value. Planning to buy gold, based on average returns, might give nasty surprises as per the quote above.
An interesting point to note is that the average return is extremely stable although the maximum and minimum values have fluctuated a lot.
But as the Taleb quote above shows, you might be surprised once you see the actual returns and the fluctuations around the 10% average.
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Note: The data in this section has inflation and gold price data from 1960 onwards. Inflation data is from worlddata.info website
10-Y rolling inflation
10-Y rolling gold price
As the data shows quite clearly above, gold has mostly beat inflation.
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We now show how the price has changed every year since 1950.
All the tables below show the price of ₹10 grams of gold.
₹75,000 (highest yet)
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