Gold Price History : 25 Years Historical Data Of Gold
Gold is one of the precious metal found on earth. The price of gold has experienced significant fluctuations over time, influenced by various economic, geopolitical, and market factors. Gold prices were influenced by ongoing global events, monetary policy decisions, and economic indicators. It’s important to note that gold prices can be highly volatile and subject to rapid changes based on global economic conditions and geopolitical events.
When planning to invest in gold you might want to look at how gold has performed in the past years. So, here we have listed the price history of gold in Nepal for past 25 years:
Gold Price History in Nepal: Since 2000
The table below shows the historical price of gold in Nepal since 2000.
| S.N. | Year | Price of Gold |
|---|---|---|
1 | 2024 | 1,18,500 |
2 | 2022 | 1,02,500 |
3 | 2020 | 94,100 |
4 | 2018 | 60,600 |
5 | 2016 | 54,000 |
6 | 2014 | 50,500 |
7 | 2012 | 48,601 |
8 | 2010 | 30,446 |
9 | 2008 | 24,500 |
10 | 2006 | 15,282 |
11 | 2004 | 10,245 |
12 | 2002 | 8,757 |
13 | 2000 | 7,120 |
Analysis of Gold Price History
In the late 20th century, from the 1970s onwards, gold prices saw a remarkable surge. The decision to abandon the gold standard in 1971 by the United States, coupled with economic uncertainties and inflation concerns, contributed to a surge in demand for gold as a hedge against inflation and currency devaluation.
In the early 21st century, a global surge in gold prices occurred due to the 2008 financial crisis, driving investors toward safe-haven assets. Gold’s intrinsic value and limited supply made it particularly attractive. Between 2008 and 2012, gold prices doubled, reaching new highs. By mid-2012, gold was trading at Rs. 48,600 per tola in Nepal.
The year 2020 saw another significant rise in gold price, primarily driven by the economic impact of the COVID-19 pandemic. Investors sought refuge in gold amid market uncertainties, pushing prices to new records, with gold briefly exceeding Rs. 90, 000 per tola.
Conclusion
Gold has always been considered as the safest investment by Nepalese. Nepalese tend to buy gold for dual purpose as it act as jewelry as well as protector of wealth. Profitability of any investment depends on the time investment was made. So the right time to invest in gold is when there is decline in price of precious metal or has negative sentiment in the market.
Before investing in any asset you should do some research and calculate your risk. And we hope that above price history of gold can be helpful for you.
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