Ravinder, who had been fighting COVID-19 for two weeks, died in Lucknow.
After contracting the virus, he was admitted to the Vivekananda Hospital on April 24.
Ravinder also competed in the 1984 Los Angeles Olympics and the 1979 Junior World Cup, in addition to winning gold in 1980.
Before taking voluntary retirement, he worked at the State Bank of India in Lucknow.
Hockey India pay their condolences to Ravinder's family through twitter.
SV Sunil, an Indian hockey player, expressed his condolences to the former Olympian.He tweeted, "Deeply saddened by the passing of Ravinder Pal Singh sir, member of the 1980 Gold-winning Olympics team. It was a unit which taught generations of us the value of dream, dedication and hard work. May his soul rest in peace," Sunil tweeted.