Interactive gold price chart: India

  • Date
    Event
  • Q1, 2015
  • 1
    15th Jan 201515th January 2015
    RBI cuts interest rates by 25 bps to 7.75%
  • 2
    28th Feb 201528th February 2015
    Indian announces three gold policy measures (Gold Monetisation Scheme, Sovereign Gold Bond and an Indian Gold Coin) in the 2015 budget
  • 3
    4th Mar 20154th March 2015
    RBI cuts interest rates by 25 bps to 7.5%
  • Q2, 2015
  • 4
    21st Apr 201521st April 2015
    Akshaya Tritiya festival
  • 5
    2nd Jun 20152nd June 2015
    RBI cuts interest rate by 25 bps to 7.25%
  • Q3, 2015
  • 6
    20th Jul 201520th July 2015
    Local Indian spot price fell below Rs.25000/10gm level due to sell off of 4.7 tonnes on COMEX and SGE
  • 7
    24th Aug 201524th August 2015
    Local Indian spot price fell below Rs.24000/10 gm as BSE (Bombay Stock Exchange) Sensex lost more than 1600 points following selloff in Chinese equity market
  • 8
    17th Sep 201517th September 2015
    Ganesh Chaturthi festival
  • 9
    29th Sep 201529th September 2015
    RBI cuts interest rate by 50 bps to 6.75%
  • Q4, 2015
  • 10
    22nd Oct 201522nd October 2015
    Dussehra festival
  • 11
    22nd Oct 201522nd October 2015
    RBI issues direction on implementation of Gold Monetisation Scheme (GMS), 2015
  • 12
    30th Oct 201530th October 2015
    RBI issues notification on issue of Sovereign Gold Bonds (SGB)
  • 13
    5th Nov 20155th November 2015
    Prime Minister Narendra Modi launches ‘Indian Gold Coin’ and ‘Indian Gold Bullion’
  • 14
    9th Nov 20159th November 2015
    Dhanteras first day of the five-day Diwali Festival
  • Q1, 2016
  • 15
    1st Jan 20161st January 2016
    PAN card made mandatory on jewellery purchases above Rs.2 lakh
  • 16
    21st Jan 201621st January 2016
    Designated banks – as defined in Gold Monetisation Scheme – are allowed to sell Indian Gold Coin (IGC)
  • 17
    29th Feb 201629th February 2016
    Excise duty of 1% imposed on jewellery manufacturers leading to strike action. Countervailing duty and excise duty on gold doré increased to 8.75% and 9.5% in the 2016 budget
  • 18
    4th Mar 20164th March 2016
    Third tranche of sovereign gold bond (SGB) launched at an issue price of Rs. 2916 per gram
  • 19
    8th Mar 20168th March 2016
    BIS Bill 2016 for mandatory hallmarking of jewellery passed in upper house of India
  • 20
    31st Mar 201631st March 2016
    RBI confirm medium and long term gold deposits can be redeemed in rupees or gold at maturity
  • Q2, 2016
  • 21
    5th Apr 20165th April 2016
    RBI cuts interest rate by 25 bps to 6.5%
  • 22
    18th May 201618th May 2016
    Excise duty on gold doré lowered to 9.35% and an entry tax of 0.2% imposed in Uttarakhand
  • 23
    1st Jun 20161st June 2016
    TCS (tax collection at source) limit for cash purchase on gold jewellery increased to Rs 5 lakh from an earlier level of Rs.2 lakh
  • Q3, 2016
  • 24
    18th Jul 201618th July 2016
    Fourth tranche of sovereign gold bond (SGB) launched at an issue price of Rs. 3119 per gram