Gold prices have surprised investors this year after they have delivered more than 35% returns in just nine months of 2025. Moreover, the yellow metal has outperformed the Nifty and the Sensex in the past
10 years, with the yellow metal surging from nearly Rs 25,000 a decade ago to above Rs 1,05,000 now.
Gold & Silver Historical Returns
Gold prices had stood at Rs 25,000 per 10 grams a decade ago in 2015. It has surged 320% since then to currently trade at Rs 1,05,000 per 10 grams in India.
| Year | Gold Price (per 10 gm) |
|---|---|
| 2005 | Rs 7,700 |
| 2010 | Rs 20,700 |
| 2015 | Rs 25,000 |
| 2020 | Rs 50,000 |
| 2025 (So Far) | Rs 1,05,000 |
Silver prices have also given an impressive return of 270% between 2015 and 2025, as its prices have increased from Rs 33,300 a decade ago to Rs 1,23,000 now.
Sensex, Nifty Historical Returns
The Sensex had stood at 25,700 in September 2015. It has risen by 210% till now, as the BSE benchmark currently trades near the 80,000 level.
Also Read: Gold, Silver Prices Hit All-Time Highs On MCX: Why Is Bullion Shining, Is It Right Time To Invest?
Similarly, the Nifty had stood at nearly 7,800 a decade ago, which has increased to 24,500 currently, registering a growth of about 215% during the period.
Gold & Silver Vs Sensex & Nifty: Returns Comparison
The bullion market, which was earlier believed to be a slow mover when it comes to the return on investment, has surprised investors in the past decade by outperforming the equity market. Gold’s 320% and silver’s 270% returns turn out to be way higher than the Sensex’s 210% and the Nifty’s 215% returns over the past decade.
Why Has Gold Outperformed Sensex Over The Decade?
The precious metal prices have surged amid geopolitical and global economic uncertainties, especially the COVID-19 pandemic, the Russia-Ukraine war, the Middle East tussles, and the global economic slowdown amid supply chain disruptions. However, these factors have dragged the equity market returns over the period amid weak economic outlooks.
Analysts also cite a weakening rupee as a key factor behind the continued rise in precious metal prices in India.
Are Gold Prices Expected To Rise Further?
Experts say gold is expected to rise further during the upcoming festive and wedding seasons.
“Gold prices remain near record highs amid ongoing uncertainty surrounding US President Trump’s reciprocal tariffs following a recent court ruling, as well as concerns about the central bank’s independence. With US markets closed for a holiday, global cues are limited, shifting the focus to the Indian rupee. Its continued depreciation has led to elevated domestic gold prices. Meanwhile, domestic buying is expected to pick up ahead of the Shraddh period, which begins on September 7,” said Darshan Desai, chief executive officer of Aspect Bullion & Refinery.
Gold: A Technical View
“Gold has support at $3420-3395, while resistance at $3465-3480. Silver has support at $39.35-39.10, while resistance is at $40.05-40.35. In rupee terms, gold has support at Rs 1,03,340-1,02,940 while resistance at Rs 1,04,450-1,04,750. Silver has support at Rs 1,19,450-1,18,850, while resistance at Rs 1,20,950-1,21,650,” Rahul Kalantri, vice-president (commodities) of Mehta Equities.
