Gold has once again proved why it is considered India’s safest and smartest long-term investment. From a modest ₹63 per 10 grams in 1964 to a staggering ₹1,48,400 in 2026 (till date), the yellow metal has delivered a remarkable wealth-creation story spanning over six decades in India.
With an impressive compound annual growth rate (CAGR) of around 12.2 percent, gold has outperformed many traditional investment avenues, reinforcing its status as a hedge against inflation, economic uncertainty, and currency fluctuations.
Gold Prices in India (24K, per 10 grams): Complete Historical Data
1964–1979: The Foundation Years
- 1964 — ₹63
- 1965 — ₹71.75
- 1966 — ₹83.75
- 1967 — ₹102.50
- 1968 — ₹162.00
- 1969 — ₹176.00
- 1970 — ₹184.00
- 1971 — ₹193.00
- 1972 — ₹202.00
- 1973 — ₹278.50
- 1974 — ₹506.00
- 1975 — ₹540.00
- 1976 — ₹432.00
- 1977 — ₹486.00
- 1978 — ₹685.00
- 1979 — ₹937.00
Gold crossed the ₹1,000 mark for the first time by the end of the 1970s, driven by global inflation and currency instability.
1980–1989: Entering the Four-Digit Era
- 1980 — ₹1,330.00
- 1981 — ₹1,670.00
- 1982 — ₹1,645.00
- 1983 — ₹1,800.00
- 1984 — ₹1,970.00
- 1985 — ₹2,130.00
- 1986 — ₹2,140.00
- 1987 — ₹2,570.00
- 1988 — ₹3,130.00
- 1989 — ₹3,140.00
The 1980s saw steady growth as gold became a preferred store of value for Indian households.
1990–1999: Liberalisation and Volatility
- 1990 — ₹3,200.00
- 1991 — ₹3,466.00
- 1992 — ₹4,334.00
- 1993 — ₹4,140.00
- 1994 — ₹4,598.00
- 1995 — ₹4,680.00
- 1996 — ₹5,160.00
- 1997 — ₹4,725.00
- 1998 — ₹4,045.00
- 1999 — ₹4,234.00
Despite short-term dips, gold remained resilient during economic reforms and currency pressures.
2000–2009: The Breakout Decade
- 2000 — ₹4,400.00
- 2001 — ₹4,300.00
- 2002 — ₹4,990.00
- 2003 — ₹5,600.00
- 2004 — ₹5,850.00
- 2005 — ₹7,000.00
- 2007 — ₹10,800.00
- 2008 — ₹12,500.00
- 2009 — ₹14,500.00
Gold entered five digits, supported by global financial instability and rising investment demand.
2010–2019: The Wealth Accelerator
- 2010 — ₹18,500.00
- 2011 — ₹26,400.00
- 2012 — ₹31,050.00
- 2013 — ₹29,600.00
- 2014 — ₹28,006.50
- 2015 — ₹26,343.50
- 2016 — ₹28,623.50
- 2017 — ₹29,667.50
- 2018 — ₹31,438.00
- 2019 — ₹35,220.00
Gold consolidated its position as a long-term portfolio stabiliser.
2020–2026: The Golden Surge
- 2020 — ₹48,651.00
- 2021 — ₹48,720.00
- 2022 — ₹52,670.00
- 2023 — ₹65,330.00
- 2024 — ₹77,913.00
- 2025 — ₹1,05,000 to ₹1,30,000
- 2026 — ₹1,48,400 (till date)
Post-pandemic uncertainty, geopolitical tensions, and global economic slowdown have pushed gold to historic highs.
Gold’s Long-Term Performance at a Glance
- Period: 1964–2026
- Starting Price: ₹63
- Current Price: ₹1,48,400
- Total Growth: Over 2,350 times
- CAGR: Approximately 12.2 percent per year
Why Gold Continues to Shine
- Acts as a hedge against inflation
- Protects wealth during economic crises
- Strong cultural and investment demand in India
- Performs well during global uncertainty
The Big Takeaway
Gold’s six-decade journey clearly shows that patience beats timing the market. For Indian investors, gold has not just been a metal or ornament, but a trusted financial shield and generational wealth creator.
From ₹63 to nearly ₹1.5 lakh, gold’s story is not just about price appreciation; it is about trust, resilience, and long-term value.
