Gold Price Chart In India Last 10 Years
Introduction
Gold has always been an integral part of Indian culture and tradition. It is not only considered a symbol of wealth and prosperity but also holds great religious and cultural significance. Despite being a volatile investment option, gold has always attracted investors due to its stability and long-term growth potential. In this article, we will discuss the gold price chart in India over the last 10 years.
Gold Price in 2011
In 2011, the gold price in India started at around Rs. 26,400 per 10 grams and reached an all-time high of Rs. 31,500 per 10 grams in September due to the weakening of the rupee against the US dollar and the global economic uncertainty. The demand for gold also increased during the wedding season in India, further driving up the prices.
Gold Price in 2012
In 2012, the gold price in India started at around Rs. 28,500 per 10 grams and reached its peak at around Rs. 32,500 per 10 grams in November. The prices were driven up by the festive season demand, the weak rupee, and the global economic uncertainty.
Gold Price in 2013
In 2013, the gold price in India started at around Rs. 30,500 per 10 grams and reached an all-time high of Rs. 33,500 per 10 grams in August due to the weakening of the rupee and the global economic uncertainty. However, the prices started to decline towards the end of the year due to the easing of the global economic concerns.
Gold Price in 2014
In 2014, the gold price in India started at around Rs. 29,000 per 10 grams and reached its peak at around Rs. 30,500 per 10 grams in March. The prices were driven up due to the geopolitical tensions and the demand for gold during the wedding season in India. However, the prices started to decline towards the end of the year due to the easing of the global economic concerns.
Gold Price in 2015
In 2015, the gold price in India started at around Rs. 26,000 per 10 grams and reached its peak at around Rs. 27,500 per 10 grams in January. The prices were driven up due to the global economic concerns and the demand for gold during the wedding season in India. However, the prices started to decline towards the end of the year due to the easing of the global economic concerns.
Gold Price in 2016
In 2016, the gold price in India started at around Rs. 25,000 per 10 grams and reached its peak at around Rs. 31,000 per 10 grams in July. The prices were driven up due to the global economic concerns and the demand for gold during the wedding season in India. However, the prices started to decline towards the end of the year due to the easing of the global economic concerns.
Gold Price in 2017
In 2017, the gold price in India started at around Rs. 28,500 per 10 grams and reached its peak at around Rs. 30,500 per 10 grams in September. The prices were driven up due to the geopolitical tensions and the demand for gold during the wedding season in India. However, the prices started to decline towards the end of the year due to the easing of the global economic concerns.
Gold Price in 2018
In 2018, the gold price in India started at around Rs. 30,500 per 10 grams and reached its peak at around Rs. 32,000 per 10 grams in January. The prices were driven up due to the global economic concerns and the demand for gold during the wedding season in India. However, the prices started to decline towards the end of the year due to the easing of the global economic concerns and the strengthening of the rupee.
Gold Price in 2019
In 2019, the gold price in India started at around Rs. 32,000 per 10 grams and reached its peak at around Rs. 39,000 per 10 grams in September. The prices were driven up due to the geopolitical tensions and the demand for gold during the wedding season in India. However, the prices started to decline towards the end of the year due to the easing of the global economic concerns.
Gold Price in 2020
In 2020, the gold price in India started at around Rs. 39,000 per 10 grams and reached its peak at around Rs. 56,000 per 10 grams in August. The prices were driven up due to the global economic concerns and the demand for gold during the wedding season in India. However, the prices started to decline towards the end of the year due to the easing of the global economic concerns.
Conclusion
The gold price chart in India over the last 10 years shows that gold has been a volatile investment option, with prices fluctuating due to various factors such as geopolitical tensions, global economic concerns, and demand during the wedding season in India. However, despite the fluctuations, gold has always been a stable investment option in the long run. Investors should consider the trend and the current situation before investing in gold.