Historical Gold & Silver Prices in India
A look at how precious metal prices have performed over the last two decades.
| Year (Approx.) |
Avg. Gold Price
(per 10g, 24K) |
Avg. Silver Price
(per 1 kg) |
Approx. Return to Date |
| October 2024 |
₹68,000 |
₹85,000 |
+10% |
| October 2020 |
₹52,000 |
₹65,000 |
+44% |
| October 2015 |
₹26,000 |
₹35,000 |
+188% |
| October 2005 |
₹7,000 |
₹10,500 |
+970% |
Key Takeaways from the Data:
- Long-Term Growth: Gold and silver have shown significant appreciation over the
long term, acting as strong wealth creators.
- Hedge Against Inflation: The consistent rise in prices demonstrates their
effectiveness as a hedge against the decreasing value of currency over time.
- Market Cycles: While the long-term trend is upward, prices move in cycles.
There are periods of rapid growth as well as periods of stability.
- Informed Decisions: Understanding historical context helps investors and buyers
make more strategic decisions rather than reacting to short-term market noise.
