On Tuesday, April 22, 2025, gold touched a record high of Rs. 1,01,350 in the retail market for the first time. Niranjan Avasthi of Edelweiss Mutual Funds on X shared the key milestones shaping the gold prices.
Here Are 6 Key Milestones Behind the Surge in Gold Prices:
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₹1000
India's economic liberalisation policy aimed at opening the country's economy to the world. Post-liberalisation saw a boom, with a 60% rise in gold prices to ₹1000 in 1989-1992.
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₹10,000
Gold ETFs are essentially mutual funds tracking gold prices. Launched in 2007, it saw a 55% spike, pushing gold prices to the ₹10,000 mark.
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₹25,000
The global financial crisis, which peaked in 2008, triggered the Great Recession and impacted economies worldwide. This event contributed to a significant milestone, with gold prices rising by 44%, reaching Rs. 25,000.
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Rs. 50,000
The US and Europe-induced rupee depreciation in 2010-2013 led to another milestone in gold prices. This period saw a dramatic 92% surge, pushing gold prices to Rs. 50,000.
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Rs. 75,000
The economic uncertainty and microeconomic crisis caused by the COVID pandemic led to a significant 29% increase in gold prices, reaching Rs. 75,000.
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Rs. 1,00000
The reciprocal tariffs imposed by Donald Trump triggered a tug of trade war between the U.S. and China, impacting global economies. This played a crucial role in a 45% increase in gold prices, pushing them to a significant Rs. 1,00000.