Stories
How much is gold bought for 1 lakh 10 years ago worth today?
N
News18•17-10-2026, 12:55
How much is gold bought for 1 lakh 10 years ago worth today?
- •Ten years ago around 2016, the price of gold was about 30,000 rupees per 10 grams.
- •Approximately 30 to 34 grams of gold could be purchased for 1 lakh rupees back then.
- •Based on current market rates, just the gold value of a 34-gram ornament is around 4,71,410 rupees today.
- •Purchasing a new gold bangle of the same weight today would cost more than 5 lakh rupees including making charges and GST.
- •Making charges are not refunded when selling old jewelry, and only the current gold price and purity are considered.
Key Questions Answered
Ten years ago, around 2016, the price of gold was approximately 30,000 rupees per 10 grams, allowing a buyer to obtain about 34.48 grams of gold for 1 lakh rupees.
A gold bangle bought for 1 lakh rupees 10 years ago is worth around 4,71,410 rupees today based purely on the gold value, while buying a new one of identical weight would exceed 5 lakhs.
When selling old gold jewelry, only the current market price, actual weight, gold purity, and the shop's buyback policy are factored in, whereas making charges are not refunded.
