Fresher: Historical Gold price in Indian Rupee from 1975 to 2011

Tuesday, February 5, 2013

Year	Price of 24 carat 1 ounce Gold / gm as on April 1 (in $) 1 Troy ounce = 31. 1034768 gm	INR vs Dollar rates (average yearly price)	Gold price (Rs)	Reason for the increase or decrease / in the price of Gold
1975	161.02	8.35	43.22
1976	124.84	8.95	35.92
1977	147.71	8.73	41.45
1978	193.22	8.18	50.81
1979	306.68	8.12	80.06
1980	612.56	7.86	154.79	(Conflict among countries)
1981	460.03	8.63	127.64
1982	375.03	9.45	113.94	Interest rate hike in USA
1983	424.35	10.03	136.84	Interest rate hike in USA
1984	360.48	11.34	131.42	Interest rate hike in USA
1985	317.26	12.35	125.97	Interest rate hike in USA
1986	367.66	12.61	149.05
1987	446.46	12.95	185.88
1988	436.94	13.87	194.84
1989	381.44	16.19	198.54
1990	383.55	17.49	215.67
1991	362.11	22.29	259.50
1992	343.82	25.90	286.30
1993	359.77	30.35	351.05
1994	384	31.37	387.29
1995	384.17	32.36	399.68
1996	387.77	35.41	441.45
1997	330.98	36.28	386.06
1998	294.28	41.20	389.80
1999	278.88	43.05	385.99
2000	279.11	44.90	402.91
2001	271.04	47.18	411.13
2002	309.73	48.62	484.16
2003	363.38	46.56	543.95
2004	409.72	45.30	596.72
2005	444.74	44.08	630.28
2006	603.46	45.29	878.70
2007	695.39	41.27	922.68	Financial turmoil in World markets
2008	871.96	43.23	1211.91
2009	972.35	48.28	1509.31
2010	1224.53	45.49	1790.92
2011	1518.37	44.96	2194.800	Financial unrest in World markets
2011 aug.31	1813.50	46.06	2685.54

Source; World Gold Council, IMF, World Bank, Kitco

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