Gold has always fascinated us Indians but you may not realise that it is a very volatile asset. We look at Gold Price History in India since 1964 or for more than 55 years. These numbers are sourced from RBI reports.
If you look at the numbers in the table below, you would realise there has been a lot of fluctuations in the price. The green shaded years are the ones where the prices have gone up by more than 20% as compared to previous year. The red shaded years are where the prices have come down from last year.
| Year | Gold Price (Rs.) | Year | Gold Price (Rs.) | Year | Gold Price (Rs.) |
|---|---|---|---|---|---|
| 1964 | 63 | 1984 | 1,970 | 2004 | 5,850 |
| 1965 | 72 | 1985 | 2,130 | 2005 | 7,000 |
| 1966 | 84 | 1986 | 2,140 | 2006 | 8,400 |
| 1967 | 103 | 1987 | 2,570 | 2007 | 10,800 |
| 1968 | 162 | 1988 | 3,130 | 2008 | 12,500 |
| 1969 | 176 | 1989 | 3,140 | 2009 | 14,500 |
| 1970 | 184 | 1990 | 3,200 | 2010 | 18,500 |
| 1971 | 193 | 1991 | 3,466 | 2011 | 26,400 |
| 1972 | 202 | 1992 | 4,334 | 2012 | 31,050 |
| 1973 | 279 | 1993 | 4,140 | 2013 | 29,600 |
| 1974 | 506 | 1994 | 4,598 | 2014 | 28,007 |
| 1975 | 540 | 1995 | 4,680 | 2015 | 26,344 |
| 1976 | 432 | 1996 | 5,160 | 2016 | 28,624 |
| 1977 | 486 | 1997 | 4,725 | 2017 | 29,668 |
| 1978 | 685 | 1998 | 4,045 | 2018 | 31,438 |
| 1979 | 937 | 1999 | 4,234 | 2019 | 35,220 |