A Look at Gold Price Trends Over the Last Decade (2014–2024)

Over the past decade, gold has shown a strong and steady upward trend, proving its value as a safe-haven asset during global uncertainty. In 2014, gold prices had stabilized after the post-2008 financial crisis boom. At that time, gold was trading around $430–$450 per 10 grams (₹26,000–₹27,000). The prices remained mostly flat during 2015 as global inflation was low and the US dollar was strong.

Between 2016 and 2018, gold started climbing gradually due to geopolitical tensions like Brexit and the beginning of the US-China trade war. Prices rose to around $470–$540 per 10 grams (₹28,000–₹32,000) during this period, with steady but cautious investor interest. The real surge came in 2019 and 2020, when the world was hit by the COVID-19 pandemic. Fear and financial uncertainty drove investors toward gold, pushing prices sharply to about $680–$750 per 10 grams (₹48,000–₹55,000+), reaching historic highs in 2020 .

In 2021 and 2022, gold prices saw a minor correction as economies began recovering and interest rates started rising. However, prices still remained high in the range of $630–$700 per 10 grams (₹47,000–₹52,000). This was due to continued inflation concerns and global supply chain disruptions. By 2023 and 2024, prices surged again amid geopolitical tensions such as the Russia-Ukraine war and unrest in the Middle East. Central banks also increased gold reserves, boosting demand. As a result, gold prices reached around $780–$870 per 10 grams (₹65,000–₹72,000), depending on the market and premiums.

In conclusion, gold prices have nearly tripled over the past decade, rising from around $430 (₹26,000) to over $850 (₹70,000) per 10 grams. This steady growth highlights gold’s reliability as a long-term investment and inflation hedge. With such a strong historical performance, digital gold now presents a smart, secure, and convenient way to benefit from this trend—especially for those looking to invest without the concerns of physical storage or security.