Sometime back, six decades back to be precise, India was buying gold at Rs 63. Flash forward to 2025, the yellow metal has witnessed a mind-boggling rally since August that has broken all records, with Friday's levels showing the steepest increase in international bullion rates since 2008.
Several factors, such as geopolitical tensions, currency movement, and safe-haven bets, have influenced investor sentiment. In the last one year, the prices of gold have appreciated to sky-high levels, with experts predicting even higher rates in 2026.
If one looks at last year's data, on October 17, 2024, 10 grams of 24K gold could be bought for Rs 76,250. The prices of 22K and 18K gold were around Rs 71,583 and Rs 58,555.
For the same 10 grams, today on October 17, 2025, a buyer would have to shell out Rs 1,32,770. The rates for 22K and 18K have shot up to Rs 1,21,700 and Rs 99,580 respectively.
Why this gold rally is so crucial?
What is striking is that gold's latest $1,000 surge occurred in just 207 days. By comparison, it took nearly 15 years for gold to rise from $1,000 to $2,000. The next $1,000 gain, which pushed prices to $3,000, came much faster-within only 14 months by mid-March 2025. Since then, gold has climbed another $1,000, highlighting the accelerating pace of its recent rally.
Gold rates in India over the years
History tells us that nothing in the global economy works in isolation. So, when we see the historic data from the last six decades, we have to bear in mind that several factors, such as inflation, global trade, crude supply, commodity cycles, and geopolitical events impact gold rates. Having said that, there was a time when India was buying 24K 10 gm gold for Rs 63.24. Here's the data through the years:
| Year | Price (24 Karat per 10 grams) |
|---|---|
| 2025 (Till Today) | Rs 1,32,770 |
| 2024 | Rs 76,250 |
| 2023 | Rs 65,330.00 |
| 2022 | Rs 52,670.00 |
| 2021 | Rs 48,720.00 |
| 2020 | Rs 48,651.00 |
| 2019 | Rs 35,220.00 |
| 2018 | Rs 31,438.00 |
| 2017 | Rs 29,667.50 |
| 2016 | Rs 28,623.50 |
| 2015 | Rs 26,343.50 |
| 2014 | Rs 28,006.50 |
| 2013 | Rs 29,600.00 |
| 2012 | Rs 31,050.00 |
| 2011 | Rs 26,400.00 |
| 2010 | Rs 18,500.00 |
| 2009 | Rs 14,500.00 |
| 2008 | Rs 12,500.00 |
| 2007 | Rs 10,800.00 |
| 2005 | Rs 7,000.00 |
| 2004 | Rs 5,850.00 |
| 2003 | Rs 5,600.00 |
| 2002 | Rs 4,990.00 |
| 2001 | Rs 4,300.00 |
| 2000 | Rs 4,400.00 |
| 1999 | Rs 4,234.00 |
| 1998 | Rs 4,045.00 |
| 1997 | Rs 4,725.00 |
| 1996 | Rs 5,160.00 |
| 1995 | Rs 4,680.00 |
| 1994 | Rs 4,598.00 |
| 1993 | Rs 4,140.00 |
| 1992 | Rs 4,334.00 |
| 1991 | Rs 3,466.00 |
| 1990 | Rs 3,200.00 |
| 1989 | Rs 3,140.00 |
| 1988 | Rs 3,130.00 |
| 1987 | Rs 2,570.00 |
| 1986 | Rs 2,140.00 |
| 1985 | Rs 2,130.00 |
| 1984 | Rs 1,970.00 |
| 1983 | Rs 1,800.00 |
| 1982 | Rs 1,645.00 |
| 1981 | Rs 1,670.00 |
Why gold has become top choice for investors?
From the time of the COVID-19 pandemic in 2020, the world economy has been facing several incidents that have impacted the global supply chain and beyond. Add to this, from 2022 onwards, many military conflicts that have snowballed into full-blown wars - from Russia's invasion of Ukraine to rising China-Taiwan and US-China trade tensions, and boiling West Asia - Israel-Hamas war and Israel-Iran war, these events have shaken financial stability around the globe. With people growing more and more skeptical about equities and other investment options, gold has once again gained traction and become the preferred safe haven for investors worldwide.
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