Gold Rate in India Year Wise Since 1970
At the international price converted to rupees, 10 grams of 24K gold averaged ₹97,285 in 2025, against ₹4,032 in 2000 and ₹86.69 in 1970. Over the 20 years to 2025 gold rose 14.7% a year in rupees while Indian consumer prices rose 6.5% a year, so gold beat inflation. In 2024-25 10 grams cost about 178 days of a rural agricultural labourer's wage, against 109 days in 2014-15.
Did Gold Beat Inflation in India?
Yearly average gold price in rupees against India's consumer price index, compound rate a year.
| Period | Gold (₹, per year) | Inflation (per year) | Gold after inflation, whole period |
|---|---|---|---|
| 10 years · 2015–2025 | 15.1% | 4.7% | +157% |
| 20 years · 2005–2025 | 14.7% | 6.5% | +338% |
| 30 years · 1995–2025 | 11.2% | 6.3% | +293% |
| 40 years · 1985–2025 | 11.5% | 7.1% | +403% |
| 50 years · 1975–2025 | 11.4% | 7.0% | +673% |
Gold's yearly average rose less than consumer prices in 23 of 55 years since 1971, so long stretches without a real gain are normal (for example the 1980s and 1990s). Before about 1992 the international price understates what Indians paid.
Days of rural wages for 10 grams of gold, 2014-15 to 2024-25
agricultural labourers (men), all-India average daily wageGold Rate in India by Year
24K gold per 10 grams at the international price in rupees. "2025 rupees" adjusts each year's average for Indian consumer-price inflation.
| Year | Average | Year-end | Change | Inflation | In 2025 rupees | Days of rural wages year from April |
|---|---|---|---|---|---|---|
| 2026to date | ₹136,923 | ₹122,258 | +40.7% | — | — | — |
| 2025 | ₹97,285 | ₹125,291 | +50.3% | 2.4% | ₹97,285 | — |
| 2024 | ₹64,725 | ₹72,842 | +24.7% | 5.0% | ₹66,278 | 178 |
| 2023 | ₹51,897 | ₹54,821 | +13.9% | 5.6% | ₹55,774 | 143 |
| 2022 | ₹45,557 | ₹48,636 | +6.5% | 6.7% | ₹51,726 | 135 |
| 2021 | ₹42,768 | ₹43,759 | +0.8% | 5.1% | ₹51,812 | 135 |
| 2020 | ₹42,431 | ₹44,560 | +34.3% | 6.6% | ₹54,042 | 141 |
| 2019 | ₹31,587 | ₹34,838 | +13.3% | 3.7% | ₹42,896 | 116 |
| 2018 | ₹27,869 | ₹28,737 | +5.9% | 3.9% | ₹39,257 | 102 |
| 2017 | ₹26,323 | ₹26,905 | −2.5% | 3.3% | ₹38,541 | 100 |
| 2016 | ₹26,996 | ₹25,137 | +13.1% | 4.9% | ₹40,842 | 107 |
| 2015 | ₹23,870 | ₹22,665 | −3.8% | 4.9% | ₹37,899 | 102 |
| 2014 | ₹24,819 | ₹24,128 | −6.0% | 6.7% | ₹41,339 | 109 |
| 2013 | ₹26,409 | ₹23,881 | −7.7% | 10.0% | ₹46,920 | — |
| 2012 | ₹28,625 | ₹29,178 | +21.4% | 9.5% | ₹55,952 | — |
| 2011 | ₹23,574 | ₹26,088 | +31.2% | 8.9% | ₹50,447 | — |
| 2010 | ₹17,973 | ₹20,249 | +19.2% | 12.0% | ₹41,888 | — |
| 2009 | ₹15,078 | ₹16,223 | +24.6% | 10.9% | ₹39,354 | — |
| 2008 | ₹12,105 | ₹13,440 | +31.6% | 8.3% | ₹35,034 | — |
| 2007 | ₹9,198 | ₹10,520 | +4.7% | 6.4% | ₹28,841 | — |
| 2006 | ₹8,783 | ₹8,949 | +39.4% | 5.8% | ₹29,298 | — |
| 2005 | ₹6,301 | ₹7,417 | +5.9% | 4.2% | ₹22,236 | — |
| 2004 | ₹5,950 | ₹6,065 | +9.5% | 3.8% | ₹21,889 | — |
| 2003 | ₹5,432 | ₹6,093 | +12.0% | 3.8% | ₹20,737 | — |
| 2002 | ₹4,848 | ₹5,426 | +17.9% | 4.3% | ₹19,212 | — |
| 2001 | ₹4,113 | ₹4,195 | +2.0% | 3.8% | ₹16,997 | — |
| 2000 | ₹4,032 | ₹3,966 | +4.5% | 4.0% | ₹17,293 | — |
| 1999 | ₹3,857 | ₹4,018 | −1.1% | 4.7% | ₹17,206 | — |
| 1998 | ₹3,900 | ₹3,818 | +0.9% | 13.2% | ₹18,212 | — |
| 1997 | ₹3,864 | ₹3,388 | −12.5% | 7.2% | ₹20,431 | — |
| 1996 | ₹4,417 | ₹4,207 | +10.3% | 9.0% | ₹25,026 | — |
| 1995 | ₹4,005 | ₹4,035 | +3.3% | 10.2% | ₹24,727 | — |
| 1994 | ₹3,875 | ₹3,866 | +9.8% | 10.2% | ₹26,372 | — |
| 1993 | ₹3,529 | ₹3,841 | +23.2% | 6.3% | ₹26,478 | — |
| 1992 | ₹2,865 | ₹2,774 | +8.2% | 11.8% | ₹22,860 | — |
| 1991 | ₹2,648 | ₹2,582 | +22.7% | 13.9% | ₹23,620 | — |
| 1990 | ₹2,159 | ₹2,173 | +8.6% | 9.0% | ₹21,922 | — |
| 1989 | ₹1,988 | ₹2,079 | +1.7% | 7.1% | ₹21,997 | — |
| 1988 | ₹1,954 | ₹1,836 | +5.0% | 9.4% | ₹23,153 | — |
| 1987 | ₹1,861 | ₹2,017 | +24.7% | 8.8% | ₹24,118 | — |
| 1986 | ₹1,492 | ₹1,576 | +18.2% | 8.7% | ₹21,043 | — |
| 1985 | ₹1,262 | ₹1,300 | −4.2% | 5.6% | ₹19,350 | — |
| 1984 | ₹1,317 | ₹1,126 | −4.2% | 8.3% | ₹21,309 | — |
| 1983 | ₹1,374 | ₹1,242 | +20.5% | 11.9% | ₹24,097 | — |
| 1982 | ₹1,141 | ₹1,389 | −10.9% | 7.9% | ₹22,376 | — |
| 1981 | ₹1,280 | ₹1,107 | −17.6% | 13.1% | ₹27,095 | — |
| 1980 | ₹1,553 | ₹1,491 | +95.2% | 11.3% | ₹37,182 | — |
| 1979 | ₹796 | ₹1,338 | +56.2% | 6.3% | ₹21,214 | — |
| 1978 | ₹510 | ₹595 | +22.7% | 2.5% | ₹14,432 | — |
| 1977 | ₹415 | ₹463 | +15.5% | 8.3% | ₹12,057 | — |
| 1976 | ₹359 | ₹387 | −17.0% | -7.6% | ₹11,303 | — |
| 1975 | ₹433 | ₹378 | +4.6% | 5.7% | ₹12,584 | — |
| 1974 | ₹414 | ₹486 | +70.0% | 28.6% | ₹12,717 | — |
| 1973 | ₹244 | ₹279 | +71.3% | 16.9% | ₹9,620 | — |
| 1972 | ₹142 | ₹158 | +44.6% | 6.4% | ₹6,568 | — |
| 1971 | ₹98.33 | ₹105 | +13.4% | 3.1% | ₹4,835 | — |
| 1970 | ₹86.69 | ₹90.13 | — | 5.1% | ₹4,394 | — |
Change: yearly average against the year before. Before 2000 the rupee conversion uses the World Bank's yearly average exchange rate, so averages are approximate; from 2000 each day's price is converted at that day's rate.
FAQ
What was the gold rate in India year wise?
At the international price converted to rupees, 10 grams of 24K gold averaged ₹97,285 in 2025, against ₹4,032 in 2000 and ₹86.69 in 1970. Over the 20 years to 2025 gold rose 14.7% a year in rupees while Indian consumer prices rose 6.5% a year, so gold beat inflation. In 2024-25 10 grams cost about 178 days of a rural agricultural labourer's wage, against 109 days in 2014-15.
What was the gold rate in India in 1970?
About ₹86.69 per 10 grams of 24K gold on average, with a year-end price of ₹90.13, at the international price converted to rupees (about ₹4,394 in 2025 rupees). Indian market prices were well above this then, because gold imports were tightly restricted until the early 1990s (the Gold Control Act was repealed in 1990).
What was the gold rate in India in 1980?
About ₹1,553 per 10 grams of 24K gold on average, with a year-end price of ₹1,491, at the international price converted to rupees (about ₹37,182 in 2025 rupees). Indian market prices were well above this then, because gold imports were tightly restricted until the early 1990s (the Gold Control Act was repealed in 1990).
What was the gold rate in India in 1990?
About ₹2,159 per 10 grams of 24K gold on average, with a year-end price of ₹2,173, at the international price converted to rupees (about ₹21,922 in 2025 rupees). Indian market prices were well above this then, because gold imports were tightly restricted until the early 1990s (the Gold Control Act was repealed in 1990).
What was the gold rate in India in 2000?
About ₹4,032 per 10 grams of 24K gold on average, with a year-end price of ₹3,966, at the international price converted to rupees (about ₹17,293 in 2025 rupees). Indian market prices add import duty and, for jewellery, making charges and GST.
What was the gold rate in India in 2010?
About ₹17,973 per 10 grams of 24K gold on average, with a year-end price of ₹20,249, at the international price converted to rupees (about ₹41,888 in 2025 rupees). Indian market prices add import duty and, for jewellery, making charges and GST.
What was the gold rate in India in 2020?
About ₹42,431 per 10 grams of 24K gold on average, with a year-end price of ₹44,560, at the international price converted to rupees (about ₹54,042 in 2025 rupees). Indian market prices add import duty and, for jewellery, making charges and GST.
Did gold beat inflation in India?
Over 10 years (2015–2025): gold 15.1% a year vs inflation 4.7% a year. Over 20 years (2005–2025): gold 14.7% a year vs inflation 6.5% a year. Over 30 years (1995–2025): gold 11.2% a year vs inflation 6.3% a year. Over 40 years (1985–2025): gold 11.5% a year vs inflation 7.1% a year. Over 50 years (1975–2025): gold 11.4% a year vs inflation 7.0% a year. Gold did not beat inflation every year: its yearly average rose less than consumer prices in 23 of 55 years since 1971.
How many days of wages does 10 grams of gold cost in India?
In 2024-25, about 178 days for a rural agricultural labourer (men) and 178 days for a rural non-agricultural labourer, using the Labour Bureau's all-India average daily wage for the financial year and the average international gold price in rupees over the same months. In 2014-15 it was about 109 days for an agricultural labourer.
Why are these prices lower than Indian market rates?
They are the international (London and New York) price converted at the rupee exchange rate. The Indian market price adds customs duty (15% since May 2026), a local premium or discount, and for jewellery 3% GST and making charges. Before the early 1990s, when imports were restricted, the Indian price was far above the world price. Official Mumbai market prices are published by the Reserve Bank of India.
Historical figures, not a forecast or financial advice. See also: gold rate in India today · gold returns in rupees calculator · what happens to gold after Fed decisions.