What would ₹1,000 invested in gold in 1947 be worth today?

Gold cost around ₹88.62 per 10 grams in India in 1947, meaning ₹1,000 could have bought about 112.84 grams. At the Indian Bullion and Jewellers Association's August 14, 2026 indicative rate of ₹15,236 per gram for 999-purity gold, that quantity would be worth roughly ₹17.19 lakh today. The calculation excludes taxes, making charges and other transaction costs on physical gold.