Gold Historic Prices: Every Indian likes to invest in gold because it is the safest investment. Gold has given tremendous returns year after year. In the last 2 decades, gold has reached the level of Rs 78000 per tola from Rs 5000 per tola. But, do you know that once upon a time the price of gold used to be Rs 99 per tola. This rate was during the time of your grandfather and great-grandfather. Let us systematically tell you what was the price of 10 grams of gold during the time of grandfather, great-grandfather, and father.

How much has the price of gold increased in 70 years

Since independence in 1947, gold prices in India have been rising continuously. Surprisingly, it has never seen a decline year after year. However, gold prices did fall in 1952, 53 and 54. In 1953, the price of gold was Rs 73 per ten grams. In 70 years, gold has given more than 750 times return.

When was gold sold for 99 rupees per tola?

According to the report of Financial Express, the price of gold per ten grams was Rs 99 in the year 1950, which has now increased to over Rs 76000 in 2024. If your great-grandfather had invested Rs 1,000 in gold in 1950, then today its value would have been more than Rs 7.5 lakh.

Gold Rate in 7 Decades

Better returns year after year

From 1950-2023, gold has given a return of 9.18% at the compound annual growth rate (CAGR). At the same time, according to the calculation from 1960 to 2023, the return was 10.51%. Currently, the price of gold is trading at the level of Rs 77,000. There has been a tremendous increase in the gold price since the Corona period. Its price has increased to the level of Rs 78000 from Rs 48000.