🪙 Gold · India · 1947 to today
Gold Price History
From ₹88.62 / 10g in 1947 to ₹1,57,043 / 10g today — a 1772x rise over 79 years.
Current price
₹1,57,043
/ 10g
Since 1947
1772x
total increase
All-time high
₹1,57,043
2026
All-time low
₹88.62
1947
Price chart
Gold · INR · Annual
Dashed lines mark key historical events
Moments that moved prices
1947
Independence
India gains independence. Gold ₹88, Petrol 27 paise. Rupee pegged at ₹4.76 per USD.
Gold: ₹88.62 / 10g1966
Rupee Devaluation
Rupee devalued 57% under IMF pressure — from ₹4.76 to ₹7.50 per USD overnight. Import costs surged.
Gold: ₹183.5 / 10g1973
Oil Crisis
OPEC oil embargo triggered a global oil shock. Petrol prices jumped 300% in 18 months — the biggest single shock in Indian petrol history.
Gold: ₹278.5 / 10g1975
Emergency
Indira Gandhi declared Emergency. Economic controls tightened, inflation rose.
Gold: ₹540 / 10g1980
Second Oil Crisis
Iranian revolution caused a second global oil shock. Gold hit ₹1,330 — up 800% in a decade.
Gold: ₹1,330 / 10g1991
Economic Liberalisation
India pledged 67 tonnes of gold to avoid default. Rupee devalued in two steps — ₹17.90 to ₹25.83 per USD. Economy opened under Manmohan Singh.
Gold: ₹3,466 / 10g1998
Pokhran Nuclear Tests
Nuclear tests triggered international sanctions. Foreign investment fled, rupee weakened, gold dropped temporarily.
Gold: ₹4,045 / 10g2008
Global Financial Crisis
Lehman Brothers collapsed. Investors rushed to gold as a safe haven. Indian gold price crossed ₹12,500.
Gold: ₹12,500 / 10g2016
Demonetisation
₹500 and ₹1000 notes scrapped overnight. Panic buying of gold briefly spiked prices before crashing. Rupee weakened to ₹67.
Gold: ₹28,623 / 10g2020
COVID-19 Pandemic
Lockdowns crashed petrol demand. Gold surged to ₹56,000 — the biggest single-year jump ever. Rupee fell to ₹74 per USD.
Gold: ₹48,651 / 10g2022
Russia-Ukraine War
Global energy crisis pushed petrol to record ₹105/litre. Gold also spiked on safe-haven demand. Rupee crossed ₹80 for the first time.
Gold: ₹52,670 / 10g2026
US-Iran War
US strikes on Iran's nuclear sites raised fears of Strait of Hormuz closure — through which 40% of India's oil imports pass. The rupee fell sharply from ₹87 to ₹96 per dollar as India's import bill surged and global risk sentiment turned negative.
Gold: ₹1,57,043 / 10gQuick stats
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