Fluctuations in gold rate from 1930s to 2015!
Posted on: 24/Jul/2015 3:36:52 PM
Gold rate is fluctuating to different levels. On one day, it reaches very high levels and touches very low on the other. This being the case, it has become a metal that is far away from the reach of poor people. It is likely that poor people will not even be able to think of buying gold.
By knowing the fluctuation in rates of gold in the past 85 years, we will be able to guess the possible fluctuation in the yellow metal in the next 80 years. It is in fact important for us to know the value of 8 grams of 22 carat gold during 1930s and now in order to know how far the rates are raised now.
- 1930 Rs 14
- 1935 Rs 24
- 1940 Rs 28
- 1945 Rs 49
- 1950 Rs 79
- 1955 Rs 63
- 1960 Rs 88
- 1965 Rs 56
- 1970 Rs 147
- 1975 Rs 432
- 1980 Rs 1064
- 1985 Rs 1544
- 1990 Rs 2520
- 1995 Rs 3600
- 2000 Rs 3480
- 2005 Rs 4640
- 2006 Rs 7680
- 2007 Rs 7600
- 2008 Rs 9200
- 2009 Rs 10,944
- 2010 Rs 12,500
- 2011 Rs 21,120
- 2012 Rs 22,896
- 2013 Rs 23568
During last year, the price of gold reached peak of up to Rs 3000. Now, the price has come down to Rs 2352. This counts to Rs 700 lesser price now compared to that of 2014.
The price of gold has been coming down since past few days. On 15th of this month, a sovereign of gold was priced Rs 19,664. Later, on 21st of this month, it further reached 19080.
On the very next day, the 22nd of this month, the price further got reduced by Rs 216 and reached Rs 18,864 which means the rate came down below Rs 19,000. On 23rd. the priced raised by Rs 176 and was Rs 19,040. Today, the price has again come down by Rs 288 and is now Rs 18,752 with which the price has again fallen below 19,000. The price of one gram of gold is Rs 2344. This reduction in rate has brought happiness among the poor.
