Gold Rate Last 1 Year Trend (2025–2026)

One year ago (Aug 2025), 24K gold in India was around ₹1,05,170/10g and 22K (jewellery grade) was around ₹96,336/10g. Today 24K is near ₹1,49,940/10g and 22K near ₹1,37,400/10g. That works out to a change of +₹44,770/10g (+42.6%) over the year — the same percentage applies to 22K since it is 91.6% of 24K.

Over the last 12 months, 24K gold in India moved by a net +₹44,770/10g (+42.6%) — from ₹1,05,170/10g to ₹1,49,940/10g. The 22K jewellery-grade equivalent moved by the same percentage, from about ₹96,336/10g to ₹1,37,345/10g. Within the year 24K swung between a low of ₹1,05,170/10g and a high of ₹1,69,300/10g (₹96,340–₹1,55,080/10g for 22K). The shape of the move — a powerful 2025 rally, the January 2026 peak near ₹1,83,050/10g, and the sharp correction that followed — is covered in the sections above.

The highest monthly reference rate in the window was ₹1,69,300/10g for 24K gold (₹1,55,080/10g for 22K jewellery gold). The absolute intraweek peak was even higher — about ₹1,83,050/10g for 24K (₹1,67,670/10g for 22K) on 29 January 2026 — before a sharp single-week correction. That January high is the highest gold has ever traded in India in rupee terms.

The lowest monthly reference rate in the 12-month window was ₹1,05,170/10g for 24K gold (₹96,340/10g for 22K jewellery gold), recorded in Aug 2025 — before the 2025 rally really accelerated. From that base, gold climbed more than 40% over the following months. For most of the year after that, the rate stayed well above ₹1,05,170/10g.

Over the 12-month window, gold is UP by ₹44,770/10g (42.6%) for 24K, with 8 up-months and 4 down-months. Today's 24K rate is ₹1,49,940/10g and 22K is ₹1,37,400/10g. Even after the January-2026 peak and the correction that followed, gold is comfortably higher than a year ago.

The biggest single-MONTH GAIN was in Jan 2026, when 24K gold rose about ₹32,730/10g — driven largely by the January 2026 melt-up that took gold to its all-time high of ₹1,83,050/10g. The biggest single-MONTH DROP was in Feb 2026, down about ₹16,700/10g, as the post-peak correction set in. Monthly moves of several thousand rupees per 10g are common during a trending year.

A ₹10,000 investment in 24K gold 12 months ago would be worth about ₹14,257 today — a gain of roughly ₹4,257 (42.6%). A ₹1,00,000 investment would be worth about ₹1,42,569. These are paper returns on the gold price; physical jewellery returns are lower after making charges and GST, while Gold ETFs / mutual funds track the price closely minus a small expense ratio. See the investment-returns table above.

The 2025 gold rally was one of the strongest in decades. Gold climbed from about ₹85,000/10g in early 2025 to over ₹1,36,000/10g by December — roughly a 47% rise in INR terms. The drivers were: record central-bank gold buying (over 1,000 tonnes globally), US Federal Reserve interest-rate cuts that lowered the opportunity cost of holding gold, escalating geopolitical conflicts (Middle East, Russia–Ukraine), and a softer Rupee that made imported gold costlier. India imports more than 95% of its gold, so a weak Rupee amplifies every global price rise.

24K gold hit an all-time high near ₹1,83,050/10g on 29 January 2026, then fell sharply over the following weeks — dropping below ₹1,55,000/10g by February and continuing to correct into March. The triggers were: profit-taking after an extremely fast run-up, a temporary rebound in the US Dollar, easing of some geopolitical tensions, and a repricing of US rate-cut expectations. This is a classic post-parabolic-spike correction, not a fundamental reversal — gold's medium-term structural drivers (central-bank buying, fiscal deficits) remain intact.

The 1-year average shown here (₹1,40,253.1/10g for 24K) is the simple arithmetic mean of the monthly reference rates across the 13-month window — add up each month's 24K rate and divide by 13. It smooths out the monthly volatility so you can see the underlying level of the year, rather than any single spike (like January's peak) or dip. The same method is applied to 22K and 18K.

The monthly reference rates are drawn from public benchmark sources — primarily the Forbes India historical gold-rate table, IBJA (Indian Bullion & Jewellers Association) published rates, and cross-checked against Livemint / ClearTax daily snapshots. They are close approximations of each month's representative 24K/10g level, not live ticker quotes. For the most recent weeks, the page blends in our own live gold-rate feed (broadly tracking IBJA / MCX). For the exact rate you would pay a jeweller, always confirm today's BIS-hallmarked price for your city — and use our Gold Calculator to add making charges and 3% GST.

Use the 1-year trend as a strategic context tool, not a timing signal. If today's rate is well below the 1-year high, there may be relative value; if it is near the high, consider staggering purchases in tranches rather than buying a lump sum. For horizons of 5+ years, regular monthly buying (a gold SIP via ETFs or mutual funds) consistently beats trying to time a single purchase. For a decision framework that looks beyond one year, read our Gold Price Forecast 2026 guide.

Gold can deliver strong 1-year returns — as the last year shows — but it is volatile over short horizons and a single year can just as easily be flat or negative. Treat gold as a long-term portfolio hedge (typically 10–15% of your portfolio) rather than a 1-year bet. Its real job is to diversify away from equity and protect against inflation and currency weakness. For the right way to hold it, see our SGB vs Physical Gold and Gold ETF guides.

Yes. When you buy physical gold you pay 3% GST on the gold value plus 5% GST on making charges (jewellery). When you sell at a profit, capital gains tax applies: at your income-tax slab rate if held under 3 years (short-term), or 12.5% LTCG with no indexation if held over 3 years (long-term, from FY 2024-25). Sovereign Gold Bonds held to maturity are tax-free on gains. Gold ETFs and gold mutual funds are also taxed at your slab rate if held under 24 months, or 12.5% LTCG beyond that. See our Gold Price Forecast guide for the taxation summary.

The shape of the 1-year trend is the same across India — Mumbai, Delhi, Chennai, Bangalore and Kerala all rose and fell on the same global cues. What differs city-to-city is a small level shift (usually ₹200–500/10g) due to local bullion-association pricing, state taxes, freight and jeweller margins. So the percentage return is virtually identical everywhere; only the absolute rupee figure moves slightly. Check your city on our Gold Rate Today hub for the exact local rate.

24K, 22K and 18K move together because they are fixed fractions of pure gold: 22K is 91.6% and 18K is 75% of 24K by purity. Over the year, 24K ranged from ₹1,05,170/10g to ₹1,69,300/10g, while 22K ranged from ₹96,340/10g to ₹1,55,080/10g and 18K from ₹78,880/10g to ₹1,26,980/10g. The percentage move is effectively identical across all three purities — only the absolute rupee values differ. See our 22K vs 24K gold guide for the full purity logic.

Most major analysts remain broadly bullish for the medium term on central-bank buying and fiscal deficits, though they expect smaller gains than the ~47% surge seen in 2025. The World Bank projects a 2026 average near $4,700/oz, while JP Morgan sees gold heading toward $6,000–6,300/oz by end-2027. Short-term corrections (like the one after the January 2026 peak) are normal after such a fast rise. For the full target table and scenario analysis, read our Gold Price Forecast 2026 guide.

You are on it — this page shows a month-by-month 1-year table and chart for 24K/22K/18K gold in India, plus the year high/low/average, the 2025 surge story, the January 2026 peak & crash, and an investment-returns calculator. For day-by-day detail on the most recent days, see our 30-Day Gold Price History page, and for live city rates use our Gold Rate Today hub (900+ cities).