{"id":1759,"date":"2021-04-05T17:46:00","date_gmt":"2021-04-05T12:16:00","guid":{"rendered":"http:\/\/www.apnaplan.com\/?p=1759"},"modified":"2021-04-06T18:01:07","modified_gmt":"2021-04-06T12:31:07","slug":"gold-price-in-india-40-years-history","status":"publish","type":"post","link":"https:\/\/www.apnaplan.com\/gold-price-in-india-40-years-history\/","title":{"rendered":"Looking at Gold Price History in India \u2605 Should you Invest in Gold?"},"content":{"rendered":"\n

Gold<\/strong> 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<\/strong> or for more than 55 years. These numbers are sourced from RBI<\/a> reports. <\/p>\n\n\n\n

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<\/span> shaded years are the ones where the prices have gone up by more than 20% as compared to previous year. The red<\/span> shaded years are where the prices have come down from last year.<\/p>\n\n\n\n

Year<\/th>Gold Price (Rs.)<\/th>Year<\/th>Gold Price (Rs.)<\/th>Year<\/th>Gold Price (Rs.)<\/th><\/tr><\/thead>
1964<\/td>63<\/td>1984<\/td>1,970<\/td>2004<\/td>5,850<\/td><\/tr>
1965<\/td>72<\/td>1985<\/td>2,130<\/td>2005<\/span><\/td>7,000<\/span><\/td><\/tr>
1966<\/td>84<\/td>1986<\/td>2,140<\/td>2006<\/span><\/td>8,400<\/span><\/td><\/tr>
1967<\/td>103<\/td>1987<\/span><\/td>2,570<\/span><\/td>2007<\/td>10,800<\/td><\/tr>
1968<\/span><\/td>162<\/span><\/td>1988<\/span><\/td>3,130<\/span><\/td>2008<\/td>12,500<\/td><\/tr>
1969<\/td>176<\/td>1989<\/td>3,140<\/td>2009<\/td>14,500<\/td><\/tr>
1970<\/td>184<\/td>1990<\/td>3,200<\/td>2010<\/span><\/td>18,500<\/span><\/td><\/tr>
1971<\/td>193<\/td>1991<\/td>3,466<\/td>2011<\/span><\/td>26,400<\/span><\/td><\/tr>
1972<\/td>202<\/td>1992<\/span><\/td>4,334<\/span><\/td>2012<\/td>31,050<\/td><\/tr>
1973<\/span><\/td>279<\/span><\/td>1993<\/span><\/td>4,140<\/span><\/td>2013<\/span><\/td>29,600<\/span><\/td><\/tr>
1974<\/span><\/td>506<\/span><\/td>1994<\/td>4,598<\/td>2014<\/span><\/td>28,007<\/span><\/td><\/tr>
1975<\/td>540<\/td>1995<\/td>4,680<\/td>2015<\/span><\/td>26,344<\/span><\/td><\/tr>
1976<\/span><\/td>432<\/span><\/td>1996<\/td>5,160<\/td>2016<\/td>28,624<\/td><\/tr>
1977<\/td>486<\/td>1997<\/span><\/td>4,725<\/span><\/td>2017<\/td>29,668<\/td><\/tr>
1978<\/span><\/td>685<\/span><\/td>1998<\/span><\/td>4,045<\/span><\/td>2018<\/td>31,438<\/td><\/tr>
1979<\/span><\/td>937<\/span><\/td>1999<\/td>4,234<\/td>2019<\/td>35,220<\/td><\/tr>
1980<\/span><\/td>1,330<\/span><\/td>2000<\/td>4,400<\/td>2020<\/span><\/td>48,651<\/span><\/td><\/tr>
1981<\/span><\/td>1,800<\/span><\/td>2001<\/span><\/td>4,300<\/span><\/td>2021<\/td>47,470<\/td><\/tr>
1982<\/span><\/td>1,645<\/span><\/td>2002<\/td>4,990<\/td>2022<\/td>x<\/td><\/tr>
1983<\/td>1,800<\/td>2003<\/td>5,600<\/td>2023<\/td>x<\/td><\/tr><\/tbody><\/table>
56 Year Gold Price History in India<\/strong><\/figcaption><\/figure>\n\n\n\n

The prices above are approximate average of gold prices for the year.<\/em><\/p>\n\n\n\n

Best way to Double your Money<\/strong><\/h4>

Who does not want more and wouldn’t you love to Double your money<\/strong>? For sure we all would – we have listed 7 authentic investments which you can use to double your money<\/a>. The post talks not only about the returns but also the risks associated with each investment.<\/p><\/div><\/div>\n\n\n\n

Gold Price History in India Trend<\/h2>\n\n\n\n

If you look at the trends in Gold Price below, the gold prices rallied in 1978 to 1981 and rose 4 times in 4 years. The second rally came after 2004 and in next 8 years it went up from Rs 6,000 to 31,000 – more than 5 times in 8 years. <\/p>\n\n\n\n

There was stagnancy with slight dip in the gold prices from 2012 to 2015. It again saw a sharp rise of ~40% in 2020 due to global pandemic. <\/p>\n\n\n\n

\"Gold
Gold Price History in India since 1964<\/strong><\/figcaption><\/figure><\/div>\n\n\n\n

25 Best Tax Free Income & Investments in India<\/strong><\/h4>

Everyone hates Taxes and go out in full force to save it \u2013 sometime legally and sometimes beyond the law. Fortunately there are still some tax Free incomes & investments<\/strong>. Learn about them here and use it to your advantage.<\/a><\/p><\/div><\/div>\n\n\n\n

Gold Price History in India – Return on Gold<\/h2>\n\n\n\n

Below is the chart showing the rolling return on Gold for 1, 3 , 5 and 10 Years period. For e.g. for 5 years rolling return its assumed that you buy Gold every year and sell it after five years.<\/p>\n\n\n\n

\"Gold
Gold Price History in India – Rolling Returns for 1 to 10 Years<\/strong><\/figcaption><\/figure><\/div>\n\n\n\n

The significant point to note here is except for 10 Years rolling return gold at some point of time has given negative returns.<\/strong> The worst period for Gold has been 1997 – 2002 and 2012 – 2015 where the Gold prices remained virtually stagnant. This graph also proves that returns in Gold is not always positive which most of us assume.<\/strong> Its depended on market factors, currency equations and economy.<\/p>\n\n\n\n

How much Taxes you Need to Pay this Year? <\/strong>Download Our Income Tax Calculator to Know your Numbers<\/h4>

Do you know how much tax you need to pay for the year? Have you taken benefit of all tax saving rules and investments? Should you use the “NEW” tax regime or continue with the old one? In case you have all these questions just Download the Free Excel Income Tax Calculator for FY 2021-22 (AY 2022-23)<\/a> and get your answers.<\/p><\/div><\/div>\n\n\n\n

\"Looking
Looking at Gold Price History in India – Should you Invest in Gold<\/strong><\/figcaption><\/figure><\/div>\n\n\n\n

Should you Invest in Gold?<\/h2>\n\n\n\n

Gold has been considered a valuable asset in India from time immemorial. There has always been a conception that Gold prices never fall. However if you look at 56 years Gold Price History in India<\/strong> in tables & charts above – you can find years with spectacular rallies and years with fall in prices. So gold is also a volatile asset. However if your investment is for long term, the chances of loosing money goes down substantially.<\/strong><\/p>\n\n\n\n

The table below shows what happens if you invest in gold for 1 Year, 3 years, 5 years and 10 Years. Based on the Gold Price History in India since 1964, we can say the volatility of gold decreases as your investment tenure goes up. Also the chance of loosing i.e. getting negative return is 0 if the investment was for 10 years or more. <\/p>\n\n\n\n

This is how we have calculated % chance of loosing money. For 1 Year rolling returns we have total of 57 instances since 1964, in this 10 years gave negative returns compared to previous year. So the ration for 1 year rolling goes to 10\/57 = 18%<\/em><\/p>\n\n\n\n

Rolling Years<\/th>Average Return<\/th>Minimum Return<\/th>Maximum Return<\/th>% Chance of Loosing Money<\/th><\/tr><\/thead>
1 Year<\/td>13.6%<\/td>-20.0%<\/td>81.7%<\/td>18%<\/td><\/tr>
3 Years<\/td>12.9%<\/td>-6.4%<\/td>39.9%<\/td>11%<\/td><\/tr>
5 Years<\/td>12.4%<\/td>-3.6%<\/td>33.0%<\/td>8%<\/td><\/tr>
10 Years<\/td>12.3%<\/td>1.4%<\/td>25.0%<\/td>0%<\/td><\/tr><\/tbody><\/table>
When can you loose money in Gold?<\/strong><\/figcaption><\/figure>\n\n\n\n

Should you invest in Gold? Based on the Gold Price History in India it seems its a good idea to invest some part of your assets in gold for long term.<\/strong><\/p>\n\n\n\n

How to Pay 0 Income Tax on Salary of Rs 20+ Lakh (FY 2020-21)?<\/strong><\/h4>

As you can see with the above income tax calculation, salary components and salary structure plays a very important role in how much income tax you pay. We have come up with some optimised salary structure using which you pay NO income tax even with CTC of more than Rs 20 Lakhs<\/a>.<\/p><\/div><\/div>\n\n\n\n

How to Invest in Gold?<\/h2>\n\n\n\n

Below are the most popular ways to invest in Gold:<\/p>\n\n\n\n

  1. Sovereign Gold Bonds<\/li>
  2. Gold ETFs<\/li>
  3. Gold Fund of Funds<\/li>
  4. eGold <\/li>
  5. 24 carat Coins & Bars<\/li>
  6. Jewellery<\/li><\/ol>\n\n\n\n

    The first 4 is like investing in “Gold on Paper” as you do not have any physical gold with you. Out of the above I personally recommend investing through Sovereign Gold Bonds<\/strong> due to following reasons:<\/p>\n\n\n\n