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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.
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