Gold continues to hold a central place in Indian households, not only as jewellery but also as a long-term financial asset. India remains one of the world’s largest consumers of gold, reflecting steady cultural and investment demand over decades.
A review of the past 100 years shows a sharp rise in gold prices, moving from double-digit figures to record highs. The long-term trend reflects changing economic conditions, global market shifts, and rising investment interest.
Early Decades Show Modest Price Movement
Around 1925, the price of 10 grams of gold was about ₹18–20. Lower global demand, limited market participation, and prevailing economic conditions kept prices relatively stable during that period.
Between 1940 and 1960, prices saw a gradual movement without major spikes. By the 1950s, gold traded in the range of ₹90–100, reflecting a slow but steady upward trend over time.
Post-1970 Global Changes Push Prices Higher
The 1970s marked a turning point, as global economic changes and inflationary pressures began influencing gold markets. By 1980, the price of 10 grams crossed ₹1,300, signaling a significant milestone in the metal’s value.
During the 1990s and early 2000s, gold strengthened its position as a preferred investment asset. Around 1995, prices were close to ₹4,500, while by 2000 they ranged between ₹4,400 and ₹4,700.
Rapid Growth in the Last Two Decades
After 2000, international economic developments, currency fluctuations, and rising investor demand pushed gold prices upward. By 2010, the price reached around ₹18,500, marking a strong upward shift.
The growth became more pronounced in the following decade. From ₹18,500 in 2010, gold crossed ₹48,000 by 2020, reflecting sustained global and domestic demand.
Recent Surge Takes Gold to Record Levels
In recent years, gold prices have continued to rise sharply. By 2024, the price reached around ₹78,000 for 10 grams. The upward trend continued through 2025 and 2026, with prices climbing further.
Currently, the price of 10 grams of gold stands at approximately ₹1,57,000. Over a century, the value of gold has multiplied many times, reinforcing its status as a long-term store of value and a preferred financial asset in India.
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