Gold moves from Rs 89 in 1947 to Rs 157,145 now: Know how it has changed down the years

At the stroke of Independence, 10 gms of gold used to sell for Rs 89. It has jumped to Rs 157,145 now. This translates to a surge of about 176,467% in 79 years. In the past 10 years, the price of gold has accelerated from Rs 28,623 to Rs 157,145.

Kolkata: With India celebrating the weekend with Independence, it is worthwhile to have a look at what the price of gold was in 1947. The price of the yellow metal stood at Rs 89 for 10 gms when the Union Jack came down on Indian soil. It stands at about 157,145 per 10 grams now. That’s a really long journey in absolute numbers. Let’s have a look at how the price of gold has moved in the past eight decades. The appreciation has been about 176,467% in 79 years. This means that investors who have invested in gold since independence have received tremendous returns during this period.

Price of gold down the decades

The following data gives a snapshot of how the price of gold has changed in the past eight decades.

1947: Rs 89/10 gms 1956: Rs 91/10 gms 1966: Rs 83.75/10 gms 1976: Rs 432/10 gms 1986: Rs 2,140/10 gms........

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