Gold Rates Historical Data of last 20 yearsJuly 24, 2020
The below chart represents the historical movement of gold prices in India for the last 20 years:
|Sr. No.||Year||Price (24 karat per 10 grams)|
The yellow metal is considered as a financial instrument that does not erode in valuation during periods of economic uncertainty. Many global investors are looking for safer investment options in it, as fears over a recession continue to grow.
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In India, prices have already breached the key ₹50,000 per 10 gram level amid a record-breaking rally. So far this year 2020, prices in India are up 30% in the future market.
Over the years it has been a perfect hedge against inflation. Investors are increasingly looking at it as an important investment. Good returns is providing gold price in India.