In 1977, Per Gessle met Mats Persson, a member of the band Audiovisuellt Angrepp, forming the duo Grape Rock. Later Micke Andersson, Anders Herrlin and Göran Fritzon joined and the quintet was born. The group's name was changed to Gyllene Tider.
In the following year, the band had become a group of local celebrities in Halmstad for their Christmas concerts. They took advantage of this and released their quite rare vinyl EP, Billy. They sold about 900 copies.
The second album was released in 1981 under the name Moderna Tider (Modern age) and also enjoyed huge success. It was followed up by a national tour. The next year Puls (Pulse) was released with the hits Sommartider (Summertimes) and Flickan i en Cole-Porter-sång (The girl in a Cole Porter song).
The group tried to break through to the American market in 1984 with the album Heartland (a six track mini version of the album The Heartland Café released in Sweden) under the name "Roxette". But it failed and the album flopped after selling about 8,000 copies. The name Roxette was later used by Per Gessle to name his successful collaboration with Marie Fredriksson.
In 1985 Gyllene Tider officially broke up. But in the following years a few "Greatest hits" albums were released and a few reunions took place, in particular the immensely popular Återtåget tour of 1996.
In 2004 the band celebrated its twenty-fifth anniversary with the first new album after 20 years and a big summer tour in July and August. The tour, called GT25, was a huge success, being the biggest tour in Scandinavia ever and the second largest of all time in the whole of Europe, gathering large crowds all over Sweden. When they performed at Ullevi stadium in Gothenburg on August 7 2004 during the GT25, 58 977 fans watched the concert live, and the performance was later broadcast on TV4.