Gold Price Trends in India: Investment Returns Over 3, 5, and 10 Years

Mumbai: Gold Prices in India Over the Years – Investment Returns Analyzed

Gold prices in India have been consistently rising over the past few years, reaching new all-time highs due to various economic and geopolitical factors. As a result, gold sales have reportedly declined. Given the current peak in gold prices, let's analyze how much profit an investor would have made if they had invested in gold three, five, or ten years ago.

Gold – A Preferred Investment in India

Gold has always been a popular investment choice for Indians. In recent years, gold prices have skyrocketed like a rocket.

Current Gold Prices:

• 22K Gold: ₹7,945 per gram in Chennai
• 24K Gold: ₹8,667 per gram in Chennai

With prices soaring, many wonder whether buying gold now would still be profitable. To understand the potential returns, let's look at historical gold prices and investment gains.

Gold Investment Returns Over the Years

3 Years Ago (2022)

• In 2022, the price of 24K gold was ₹5,267 per gram (₹52,670 for 10 grams).
• As of today, 10 grams of 24K gold is priced at ₹86,670.
• Profit: ₹34,000 per 10 grams
• Annual Return: Approximately 21%

5 Years Ago (2019 - Pre-COVID Era)

• In 2019, 24K gold was priced at ₹3,522 per gram (₹35,220 for 10 grams).
• The current price for 10 grams of gold is ₹86,670.
• Profit: ₹51,450 per 10 grams
• Annual Return: Around 29%
• 

10 Years Ago (2014)

• In 2014, 24K gold was available at ₹2,800 per gram (₹28,000 for 10 grams).
• The current price for 10 grams of gold is ₹86,670.
• Profit: ₹58,670 per 10 grams
• Annual Return: Around 20%

Why Are Gold Prices Rising?

Gold has always been a preferred investment during uncertain times. During the COVID-19 pandemic, gold prices surged due to global economic instability. Even though the pandemic has ended, ongoing geopolitical tensions, such as political events involving Donald Trump and global wars, continue to push gold prices higher. Experts predict further price increases.

Disclaimer: This article is for informational purposes only and should not be considered investment advice. Before making any investment decisions, consult with a financial advisor.