Gold has always held immense value in Indian culture, symbolizing wealth and serving as a popular investment option. As the second-largest consumer of gold globally, India’s relationship with this precious metal is significant.
In this blog, we’ll discuss gold price today, gold price history in India, factors affecting gold market price, and investment opportunities.
Gold Price Today & Last 10 Days History in India
Tracking the gold rate last 10 days can help you understand the gold price trend:
Day | 22ct Gold Price Today | 24ct Gold Price Today |
---|---|---|
18 Feb 2025 | ₹79,583 | ₹86,803 |
17 Feb 2025 | ₹79,063 | ₹86,233 |
16 Feb 2025 | ₹79,073 | ₹86,243 |
15 Feb 2025 | ₹80,083 | ₹87,343 |
14 Feb 2025 | ₹79,983 | ₹87,233 |
13 Feb 2025 | ₹79,563 | ₹86,833 |
12 Feb 2025 | ₹ 80283 | ₹ 87563 |
11 Feb 2025 | ₹ 79983 | ₹ 87243 |
10 Feb 2025 | ₹ 79613 | ₹ 86833 |
9 Feb 2025 | ₹ 79623 | ₹ 86843 |
Turn Your Money into Gold!
Gold Price History in India (1964-2024)
Understanding gold price history in India helps investors predict trends. Here is a quick snapshot:
Year | Price (24 karat per 10 grams) |
---|---|
2024 | ₹77,913 |
2023 | ₹65,330 |
2022 | ₹52,670 |
2021 | ₹48,720 |
2020 | ₹48,651 |
2019 | ₹35,220 |
2018 | ₹31,438 |
2017 | ₹29,667.50 |
2016 | ₹28,623.50 |
2015 | ₹26,343.50 |
2014 | ₹28,006.50 |
2013 | ₹29,600 |
2012 | ₹31,050 |
2011 | ₹26,400 |
2010 | ₹18,500 |
2009 | ₹14,500 |
2008 | ₹12,500 |
2007 | ₹10,800 |
2005 | ₹7,000 |
2004 | ₹5,850 |
2003 | ₹5,600 |
2002 | ₹4,990 |
2001 | ₹4,300 |
2000 | ₹4,400 |
1999 | ₹4,234 |
1998 | ₹4,045 |
1997 | ₹4,725 |
1996 | ₹5,160 |
1995 | ₹4,680 |
1994 | ₹4,598 |
1993 | ₹4,140 |
1992 | ₹4,334 |
1991 | ₹3,466 |
1990 | ₹3,200 |
1989 | ₹3,140 |
1988 | ₹3,130 |
1987 | ₹2,570 |
1986 | ₹2,140 |
1985 | ₹2,130 |
1984 | ₹1,970 |
1983 | ₹1,800 |
1982 | ₹1,645 |
1981 | ₹1670 |
1980 | ₹1,330 |
1979 | ₹937 |
1978 | ₹685 |
1977 | ₹486 |
1976 | ₹432 |
1975 | ₹540 |
1974 | ₹506 |
1973 | ₹278.50 |
1972 | ₹202 |
1971 | ₹193 |
1970 | ₹184 |
1969 | ₹176 |
1968 | ₹162 |
1967 | ₹102.50 |
1966 | ₹83.75 |
1965 | ₹71.75 |
1964 | ₹63.25 |
Why Invest in Gold in India?
Gold has always been a popular investment choice in India. It is not just a metal but a symbol of wealth, security, and tradition. Whether for festivals, weddings, or savings, Indians have a deep emotional and financial connection with gold. Here’s why investing in gold can be a smart choice:
1. Safe Investment in Uncertain Times
Gold is considered a safe-haven asset. During economic crises, inflation, or stock market crashes, gold prices generally rise, making it a reliable investment.
2. Hedge Against Inflation
Gold retains its value over time. Unlike cash, which loses purchasing power due to inflation, gold acts as a store of value, protecting your wealth.
3. High Liquidity
Gold is easy to buy and sell. Whether in the form of jewelry, coins, bars, or digital gold, you can quickly convert it into cash when needed.
4. Portfolio Diversification
Adding gold to your investment portfolio reduces risks. Since gold’s value does not directly depend on stock market trends, it helps balance your investments.
5. Cultural and Traditional Importance
In India, gold is associated with auspicious occasions, weddings, and festivals like Dhanteras and Akshaya Tritiya. It is not just an investment but a part of Indian heritage.
6. Multiple Investment Options
You can invest in gold in different ways:
- Physical Gold: Jewelry, coins, and bars
- Digital Gold: Bought online through apps
- Gold ETFs & Mutual Funds: Market-linked investments
- Sovereign Gold Bonds (SGBs): Issued by the government with interest benefits
Invest in Gold, The Digital Way!
Factors That Influence Gold Price in India
- International gold prices: Changes in global gold prices directly affect the price of gold in India due to factors like trade, investment flows, and market sentiment.
- Indian Rupee exchange rate: The exchange rate between the Indian Rupee and the US Dollar impacts the gold price in India. A stronger Rupee lowers the price, while a weaker Rupee raises it.
- Inflation and economic conditions: Gold is considered a safe investment during periods of inflation and economic uncertainty, leading to increased demand and higher prices.
- Interest rates: Lower interest rates make gold more attractive to investors, while higher rates reduce demand and potentially lower prices.
- Government policies and regulations: Policies related to gold imports, customs duties, taxation, and trading regulations can affect the gold price in India by influencing supply and demand.
- Seasonal demand: Festive and wedding seasons in India see higher gold buying, resulting in increased demand and potentially higher prices. Cultural traditions and specific occasions drive this seasonal demand.
Popular Digital Gold Investment Options in India
In India, there are a few popular digital gold investment options available. These platforms allow investors to buy and sell gold online, providing a convenient and accessible way to invest in gold. Here are some prominent digital gold investment options in India:
- Gold ETFs (Exchange-Traded Funds): Gold ETFs are open-ended mutual fund schemes that invest in physical gold. They are traded on stock exchanges like regular stocks. Investors can buy and sell units of gold ETFs, which represent a certain quantity of gold, through a demat account.
- Gold Savings Funds: Gold savings funds are mutual fund schemes that invest in gold ETFs. Instead of directly buying and selling gold ETF units, investors can invest in gold savings funds through their mutual fund investment accounts.
- Paytm Gold: Paytm Gold is a platform that offers Indians a convenient and transparent way to buy, sell, gift, and receive 24-karat gold. To ensure the highest quality of gold for its customers, Paytm has partnered with MMTC-PAMP, which operates the largest BIS authorized and internationally accredited gold refinery in India. When a customer purchases gold through Paytm, MMTC-PAMP securely stores an equivalent quantity of 24 karat 99.99% pure gold in 100% insured vaults at their protected premises. Customers can easily check their gold balance on the Paytm App and have the flexibility to sell, gift, or opt for delivery of their gold at any time and from anywhere.
- Sovereign Gold Bonds (SGBs): Sovereign Gold Bonds are issued by the Government of India. They are denominated in grams of gold and offer an opportunity to invest in gold withoutphysically owning it. SGBs have a fixed tenor and provide an additional interest rate on the invested amount.
- Gold Trading Platforms: Some online platforms enable users to trade gold digitally, similar to stock trading. These platforms provide a marketplace for buying and selling gold digitally, allowing investors to take advantage of price fluctuations and trade gold as a financial instrument.
Note: Each investment option comes with its own set of features, benefits, and risks. It is crucial to carefully research and understand the terms, charges, taxation, and liquidity associated with each option before making an investment decision.
Who Should Invest in Gold in India?
Type of Investor | Reasons to Invest in Gold |
---|---|
Individual investors | Hedge against inflation, diversify investment portfolio, store of value, long-term investment, cultural significance |
Risk-averse investors | Safe haven asset during market volatility or economic uncertainty |
Retirement planners | Portfolio diversification, protection against inflation, long-term wealth preservation |
Savvy investors | Take advantage of potential price appreciation, liquidity, global demand |
Individuals with a cultural affinity for gold | Cultural significance, gifting, personal adornment |
Individuals seeking liquidity | Easily convertible into cash, well-established market infrastructure |
Investors looking for portfolio insurance | Protection against unforeseen events, stability during economic downturns |
Long-term wealth builders | Historical appreciation of gold prices, long-term store of value |
Conclusion: Gold remains a valuable asset for investment and cultural purposes. Whether tracking gold rate last 10 days, investing in 10 gram gold price, or analyzing gold price history in India, understanding market trends can help you make informed decisions.
Disclaimer: This blog does not provide financial advice. Consult experts before making investment decisions.