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We’ve dedicated this article to understanding occurrence of gold. However, we’ve intentionally confined the attributes of it to discussing the Live Gold Rate in Karnataka Today (Dec 09, 2022) particularly.

So, we’ll discuss about the gold rate in Karnataka today. We’ll discuss the parameters that impact the gold rate and all about 916 gold.

With all the post pandemic impacts, the world as we knew has gone upside down. However, there is one very fascinating thing going around the world. The gold rate continues to increase everyday and, that brings us to this particular article.

For your convenience, we even charted a graph depicting the gold rate variation in Karnataka in some time. In short, we’ll dig deep to understand the stand points for both 22 and 24 carat gold rates in Karnataka. But most importantly, we will lay some definitive insights on gold rate in Karnataka live.

Compare Live Gold Rate in Karnataka with other Cities in India

22 Carat Gold Rate in Karnataka – Gold Price in Karnataka Today (Dec 09, 2022)

Also, Check out the Silver Rate in Karnataka Today

India’s been known as the ‘golden bird’ in ancient times. Our nation gained that stature due to its diversity in spices.

However, times have changed and, we believe the ancient name resonates more with modern day India. We specifically say that as one of the largest gold importing countries.

In fact, we’re even one of the largest hoarders of house hold gold. This is otherwise known as the 22 carat gold. This is not the purest of gold available to us.

However, it is known to be the most potent for jewellery making purposes. Anyway, this section talks all about the 22 carat gold rate in Karnataka, you need to read out carefully!

Gold Rate Forecast for Tomorrow

24 Carat Gold Rate in Karnataka Today (Dec 09, 2022) – Gold Price in Karnataka

Unlike the 22 or 18 carat gold, 24 carat has no impurities. In fact, it is the purest form of gold we get post mining and cleaning procedures.

This is more fragile than its counterparts, and cannot be used for ornamental purposes. However, 24 carat Gold Rate in Karnataka is high as this category is costliest form of gold available.

It’s primarily used for hoarding purposes to elevate the economic stature. This enables the individual and institutional investors to subdue the effects of economic depreciation.

Anyway, we’ve put this section to help you understand pure gold price in Karnataka.

Tomorrow Gold Rate Prediction or Forecast in Karnataka

Check out Karnataka Gold Prediction for Tomorrow here –

Check out some amazing Gold Calculators

Gold Price in Karnataka for Last 15 Days

Gold price in Karnataka over the last 15 days has been really interesting. In fact, the price chart for both 22 and 24 carat gold are almost identical for the last 15 days. That’s why we’ve created this section.

It’ll give you more information about the minute fluctuations and major elevations in gold rate. Moreover, it’s all focused on the state Karnataka. So, you’ll be able to get a better understanding of the situation within the state.

Find Gold Rates of other Indian Cities & States

Graph of Gold Rate Today in Karnataka – Also Past Gold Price in Karnataka

We’ve already mentioned the gold rate in Karnataka as on today. However, you must understand that gold rate is a dynamic figure. In fact, the gold rate on a specific day is determined on the basis of multiple factors.

That’s why we’ve created this very section. It includes a detailed historical data on gold rate in Karnataka and, it’ll help you understand the current stature of the yellow metal!

  • Gold 22 CT :
  • Gold 24 CT :

Gold Price in Karnataka – Past 12 Months Price

As an investor, you must understand the root of any price fluctuation. That’s why we recommend using at least 6 months’ worth of historical data to go with. This way, you get to track down any major changes in the past.

At the same time, you can even figure out a pattern for the rate changes. Here’s some relevant data for the gold rate in Karnataka in the last 12 months!

Gold Rate Movement in Karnataka for November 2022

Gold Rates in November 202222 Ct Gold Rate (Rs)24 Ct Gold Rate (Rs)
1st November 202246605083
8th November 202246855110
15th November 202247855220
22nd November 202248355275
30th November 202248605302
Highest Rate in November 202248805323
Lowest Rate in November 202246155034

Gold is one of the favourite metals for the people of Karnataka. Karnataka people are very fond of investing especially in gold. So here is a full market price research of gold for November 2022.

  • There were various fluctuations in price in November month, where the performance of 22 carats and 24-carat gold was at the slight same level of 4.29% and 4.31% respectively.
  • The month began with a good pace but then there seems to be a fall in price. Lowest marking for the month were at Rs.4615 and Rs.5034 for 22 and 24 carats respectively.
  • It seems not to be the month of investment where steep rise was witnessed after a long time.
  • In the second week, the prices rose up to the highest of Rs.4880 for 22 carat gold
  • 24-carat gold reached its highest prices in the second week at Rs.5323.

Gold Rate Movement in Karnataka for October 2022

Gold Rates in October 202222 Carat24 Carat
1st October 202246555078
8th October 202247905225
15th October 202246255045
22nd October 202247055133
31st October 202246655091
Highest Rate in October 202247905225
Lowest Rate in October 202246255045

You might have seen the present rates of the metal from the previous sections, and we wish to further help you plan your investment. So, with the hold of the past data of Gold Rate in Karnataka, you can come up with strategies and this section particularly has the October data.

  • You can check the highest price point, the lowest one, the opening and also the closing price levels from the month.
  • Particularly, the percentage change was 0.21% for 22 carat gold and was 0.26% for 24 carat gold.
  • On the other note, the Opening price or the first price of the month was Rs.4655 and Rs.5078
  • Highest price for the month was Rs.4790 and Rs.5225 for 22 and the 24 carat gold category.
  • As we have seen all the stats, we can see that the price change was not pretty high, but was rather pretty low.

Gold rate analysis in Karnataka for September 2022

Gold Rates in September 202222 Carat24 Carat
1st September 202246555078
8th September 202246705095
15th September 202246255045
22nd September 202246055024
30th September 202246705095
Highest Rate in September 202246955120
Lowest Rate in September 202245855002

Here is how the price of the metal went through a change for the month of September. We have the necessary data regarding the Gold Rate in Karnataka sorted for your convenience. You can choose to refer to the table or the explanations provided below and refer to the part which is essential for you.

  • We need to keep a check on the table, as its lays down the essential data pertaining to 22 as well as 24 carat gold.
  • Keep going with the changes which happened in the month, which was recorded as 0.32% and 0.33%.
  • This change percentage shows us that the price of the metal for month only fell.
  • Also, we need to refer to the highest price point of the month, which was recorded to be Rs.4695 and Rs.5120.
  • The lowest point is as well provided, and it can be seen in the table as Rs.4585 and Rs.5002.

Gold rate analysis in Karnataka for August 2022

Gold Rates in August 202222 Carat24 Carat
1st August 202247155143
8th August 202247605193
15th August 202248205258
22nd August 202247655198
31st August 202247055132
Highest Rate in August 202248205258
Lowest Rate in August 202247055132

Karnataka is one of the biggest South-India states and is highly developed in every aspect. A huge portion of the Indian population migrates to this state in search of a living. Its capital city Bengaluru is known for the largest IT hub in the country that houses millions of IT professionals.

People in this state love flaunting gold and this metal is an integral part of their style statement. A large number of gold traders reside in Karnataka who deals with a huge amount of this commodity every day.

Below the rates attained by this precious yellow metal are mentioned for August 2022 and readers should not miss out on them. This data will help them immensely if they are investing in any form of gold shortly.

  • The opening price of one gram of 22 Ct Gold was Rs.4715 and the closing rate was Rs.4705 per gram
  • 24 Ct Gold rates were Rs.5143 per gram at the beginning of August 2022 and Rs.5132 per gram at the end of the month
  • The highest and the lowest values attained by one gram of 22 Ct Gold were Rs.4820 and Rs.4705 respectively
  • The maximum price of 24 Ct Gold in this month was Rs.5258 per gram and the minimum was Rs.5132 for a gram
  • The performance of 22 Ct Gold and 24 Ct Gold is -0.21%.

July 2022, Gold Rate Movement in Karnataka

Gold Rates in July 202222 Ct Gold Rate (Rs)24 Ct Gold Rate (Rs)
1st July 202247855220
8th July 202246855111
15th July 202246585082
22nd July 202246455067
31st July 202247255154
Highest Rate in July 202248105247
Lowest Rate in July 202246075010

We have documented the table to let you know about the gold price for both the 22 carat and 24 carat gold. In this regard, note that we made the evaluation for the month of July 2022 about the gold rate in Karnataka.

Our concern is to help you make an informed purchase so that you can invest without any ambiguity in mind. Therefore follow the below pointers to have an idea on the gold price.

  • The highest gold rate for 22 carat gold was recorded as Rs 4810.
  • The lowest gold price for 22 carat gold was Rs 4607.
  • Highest price for 24 gold was witnessed for the month of July 2022 was Rs 5247.
  • The lowest gold price for 24 gold was recorded as Rs. 5010.
  • The percentage performance of 22 carat gold was noticed as -1.25%.
  • On the other hand, we evaluated the percentage performance of 24 carat gold as -1.26%.

June 2022, Gold Rate Movement in Karnataka

Gold Rates in June 202222 Ct Gold Rate (Rs)24 Ct Gold Rate (Rs)
1st June 202247505182
8th June 202247705204
15th June 202247155144
22nd June 202247455176
30th June 202246655089
Highest Rate in June 202248365276
Lowest Rate in June 202246655089

People of Karnataka are extremely enthusiastic about buying gold jewelry and this portion of the article will help them invariably. It addresses the highest and lowest rates of 22 Ct and 24 Ct Gold and the performance of this commodity in this state for June 2022.

Readers should follow the details and analyze them properly before they invest in this metal.

  • 22 Ct Gold rate was the highest at Rs.4836 per gram and the lowest at Rs.4665 per gram in Karnataka for this month
  • The highest price of 1 gram of 24 Ct Gold was Rs.5276 which was quite higher than many other states
  • The lowest price of 24 Ct Gold was Rs.5089
  • Gold rates started declining after second week of this month
  • The percentage change in gold rates were -1.79% for 22 Ct Gold and -1.79% for 24 Ct Gold

May 2022, Gold Rate Movement in Karnataka

Gold Rates in May 202222 Ct Gold Rate (Rs)24 Ct Gold Rate (Rs)
1st May 202248395279
8th May 202247405171
15th May 202246255045
22nd May 202247055133
31st May 202247755210
Highest Rate in May 202248395279
Lowest Rate in May 202246105029

As lockdown ended, a lot of things began to change. This, however, was not the case with the gold rate in Karnataka. You see, despite many expert opinions, the gold rate in Karnataka did not drop even a notch.

In fact, it went quite the other way round in Karnataka. We’ve already put in a table concerning this right above. However, the next few points draw the major aspects from the table, in case you found it difficult to read. So, here they are:

  • The highest rate for 22 carat gold in May 2022 in Karnataka was Rs.4839.
  • The lowest rate for 22 carat gold in May 2022 in Karnataka was Rs.4610.
  • The highest rate for 24 carat gold in May 2022 in Karnataka was Rs.5279.
  • The lowest rate for 24 carat gold in May 2022 in Karnataka was Rs.5029.
  • The overall rate performances in 22 and 24 carat gold were the same. 22 carat and 24 carat gold performed at -1.32% and -1.31%.
  • The table merely enlists the gold rate in Karnataka per gram across five weeks. The listings are made in a difference of 7 days each.

April 2022, Gold Rate Movement in Karnataka

Gold Rates in April 202222 Ct Gold Rate (Rs)24 Ct Gold Rate (Rs)
1st April 202248105247
8th April 202248255263
15th April 202249555406
22nd April 202249305378
30th April 202248405280
Highest Rate in April 202249855438
Lowest Rate in April 202247805214

We’ve already mentioned that gold rate is a dynamic quantity. This means, it changes almost everyday as per certain parameters.

Therefore, we’ve drafted a separate table for gold rate movement in Karnataka during April 2022. Now, you might have some problems deciphering the table.

That’s why we’ve even figured out the major take away from the table. Here’s a list of them all:

  • Rate of 22 carat gold on 1st April 2022 was registered at Rs.4810. Rs 4780 was even the lowest Gold Rate in Karnataka per Gram of this segment throughout the month.
  • However, 24 carat gold initiated with a rate of Rs.5247. Rs 5214 was the lowest price of this segment throughout the month too.
  • 22 carat gold went as high as Rs.4985 during April 2022. This was the highest registered price for the metal then.
  • On the contrary, 24 carat gold rate went even higher. It marked a slab worth Rs.5438.
  • April 2022 was pretty much the month of high performances. Even the gold rates across all segments proved this to be true. In fact, 22 carat gold rate performed at 0.62%. However, the 24 carat gold rate performed a bit low comparatively. It’s performance made a record of 0.63%.

March 2022, Gold Rate Movement in Karnataka

Gold Rates in March 202222 Ct Gold Rate (Rs)24 Ct Gold Rate (Rs)
1st March 202246705095
8th March 202249405389
15th March 202247605193
22nd March 202247755210
31st March 202247655198
Highest Rate in March 202249805433
Lowest Rate in March 202246705095

The table above justifies gold price in Karnataka per gram. In fact, it depicts the gold price changes across 22 and 24 carat segments discretely. However, we acknowledge that dismantling the table into simpler formats can be tiresome. That’s why we’ve organized all the major takeaways of the table underneath. So, here’s what the table says in total:

  • Gold price movement in Karnataka is frequent. That’s why we can see sudden rise in the 2nd then started fluctuation up and down for the rest of the month. This is true for both 22 and 24 carat segments.
  • The highest 22 carat in Karnataka per gram was Rs.4980. This was during March 2022.
  • However, the highest price reached by 24 carat gold in this period was Rs.5433.
  • The lowest price for 22 carat gold was however, Rs.4670, and, that of the 24 carat gold segment was recorded at Rs.5095.
  • March wasn’t the best month for gold investors. However, it did fairly well. This can especially be said by the 22 and 24 carat gold performances. The former went for 2.03% performance. However, the later performed equally well at 2.02%.

February 2022, Gold Price Movement in Karnataka

Gold Rates in February 202222 Ct Gold Rate (Rs)24 Ct Gold Rate (Rs)
1st February 202244904898
8th February 202245404953
15th February 202246405062
22nd February 202246255046
28th February 202247005128
Highest Rate in February 202247255155
Lowest Rate in February 202244904898

We’ve included a table for gold rate in Karnataka per gram during Feb 2022. It shows 5 discrete stats for 22 and 24 carat gold segments. Here’s the detailed output you can get from the table above:

  • Highest 22 carat gold rate in Karnataka during Feb 2022 was considerably higher than Jan 2022. In fact, it was recorded for Rs.4725.
  • The lowest price for this segment was however recorded at Rs.4490 per gram.
  • Fluctuations in the rate of 24 carat gold had entirely different story. The highest price for this segment reached at Rs.5155 per gram.
  • However, the lowest price for this segment was recorded at Rs.4898 per gram.
  • Both the segments performed equivalently. Their respective performances were recorded at 4.68% and 4.70% each.

January 2022, Gold Price Movement in Karnataka

Gold Rates in January 202222 Ct Gold Rate (Rs)24 Ct Gold Rate (Rs)
1st January 202245454959
8th January 202244604865
15th January 202245004910
22nd January 202245504964
31st January 202244904899
Highest Rate in January 202245905010
Lowest Rate in January 202244504855

This is the part where you get to discover about gold price in Karnataka during Jan 2022. It consists of a detailed table with all the intricate data.

However, in case you do not understand the table completely, there’s nothing to worry. That’s because we have compiled a list of all takeaways from the table right below:

  • 22 carat gold price in Karnataka went as high as Rs.4590 during this period.
  • However, 24 carat gold went even higher. It recorded a substantial high of Rs.5010.
  • The lowest point for the 22 carat gold was however at Rs.4450.
  • On the other hand, the 24 carat hold fell down to merely Rs.4855.
  • Another important takeaway from the table above is the overall performance of both of these segments. There wasn’t much difference in the performance of either of them. While the 22 carat gold performed at -1.22%. The 24 carat gold rate performance slightly differed at -1.22%.

Gold Rate Movement in Karnataka for December 2021

Gold Rates in December 202122 Ct Gold Rate (Rs)24 Ct Gold Rate (Rs)
1st December 202144604865
8th December 202144954904
15th December 202145004910
22nd December 202145154926
31st December 202145104920
Highest Rate in December 202145904985
Lowest Rate in December 202144454570

While December has been the month for numerous opportunities, the commerce sector has been anything but dull. With relentless changes throughout the market on various assets, we curated the best of context for you to keep a tab on the gold rates for the month December.

  • The gold rates for both categories walked hand in hand with each other, as much difference wasn’t seen in the rates of the 22 carat and 24 carat category.
  • The 22 carat reportedly been more open to investments, as it hit its price as low as Rs 4445.
  • 24 carat reportedly has been heavier on pocket, as its rates went up to as much as Rs 4985 for December.
  • Throughout the month a change of 1.12%has been noticed in the22 carat category.
  • Mapping from the first week to the last week, the 24 carat category has been having a complex graph, therefore, mapping the entire change value down to 1.13%

Gold Rate in Karnataka – Trend in 2020

Gold Rate in Karnataka

Today gold rate in Karnataka hass already been mentioned. This keeps on changing and is basically unlike previous days. In fact, the entire gold rate trend in Karnataka for 2020 has been up.

Both 22 carat and 24 carat gold categories have shown positive inclination throughout the year so far. Although, the graphs for the price change in 22 and 24 carat gold are different.

The first one plots 5 major upwards trends. However, the second one has only four.

Moreover, the second one shows a steep downfall around 9th June, which is not the case for the first graph. In fact, the first one shows an uptrend on the same day. Having that said, we must acknowledge that both graphs are almost identical till 6th April 2020. So, the gold rate for both categories have been on an uptrend overall.

Check out Gold Rates of more cities & states

Gold Rate in Karnataka – Trend in 2019

Gold trend in 2019 in Karnataka was not much different than that in 2020. The rate for both the segments moved up with a mild set back around 4th and 5th week of the month.

For this very part, we’ll consider the rate of the 24 carat segment. So, you may observe that the highest rate for this segment in Jan 2019 was observed at Rs. 3,364.

It went up to Rs. 3,486 by Mar 2020. Although the rate went down by a significant factor in April 2019. We recorded the highest rate in April 2019 at Rs. 3,232.

Nevertheless, the upward trend in the price was again regained by May 2019. It went to as high as Rs. 3,251 in May 2019 and, by the end of the year, the rate was recorded as high as Rs. 3,998 per gram.

This occurred in the month of Dec 2019. In short, you may say that historical gold rate record for 2019 showed an overall up trend in the rate of the yellow metal!

What makes Gold Rates in Karnataka to increase?

You’ve seen many graphs and table depicting the trends in the gold rate. Also, the reasons for the various slopes and curves depicted in the graphs are many. So, we’ve dedicated this segment for this exact matter and all you need to do is take a quick look:

  • You must understand that India is one of the largest importers of gold and, that’s because of the importance it holds in our culture! You see, all the religions in our country hold different significance for this metal. Nevertheless, it is important to us all. That’s why the change in universal trade laws and policies impact us the most. So, you may say that the rise on price for 24 carat gold across the world will directly raise the price of it in India as well.
  • Another important factor is the current pandemic. See, gold acts in an inverse relation to economy and, since the world economy took a huge hit due to the Covid 19 pandemic, the price of gold increased.

What makes Gold Price in Karnataka to decrease?

Gold price in Karnataka decreases pretty much for the same reasons as its increase. Anyway, here’s a set of logical reasons why it happens:

  • Gold has a lot more value as compared to most of the articles. This enables the metal to retain its value for a longer period. However, it still is an article and, all of the gold that’s once dug out is practically still here. Therefore, it also (although rarely) follows in the law of demand and supply. This means, that with surplus of demand, it will increase in price and vice versa!
  • We’ve already established that international trade polices play an important role in gold rate. Therefore, if the policies require the importers to pay less tax, then the gold price across Indian states also decreases.

Why Central Bank Policies impacts Gold Rates in Karnataka?

Gold rate in Karnataka today was established after including multiple parameters. One of the major parameters includes the policies of the Central Banks. You see, banks hold on to gold as a measure of economic safety. They tend to lose their gold reserves in times of economic crises.

This enables them to generate funds and balance the value of the Indian Rupee in contrast of the U.S. Dollar. In short, the gold prices elevate as the value of the Indian Rupee depreciates. This condition stays the same during counteractive situations. This means that the gold prices drop when the Indian Rupee elevates in value.

Why Gold Price in Karnataka is different from other Cities?

Gold rate in Karnataka is determined by numerous factors. However, there is one major factor that distinguishes the gold rate in Karnataka from other states. Much like other states, Karnataka has its local bodies controlling the movement of gold in and out of the state.

These bodies usually consist of the jewellers and state council representatives and, they decide on the amount of the gold to be used during a certain day and even a certain month by the local jewellers. However, they take into consideration multiple factors before coming onto a conclusion.

These factors include the occurrence of any festivals, demand of gold in the state and national policies.

What is Gold Rate in Karnataka 916 Hallmark gold?

Gold price in Karnataka and other state is determined categorically. In short, the Bureau of Indian Standards has distinguished the gold in primarily two categories. These are known as the 24 carat gold and 22 carat gold. 22 carat gold is also known as 916 gold.

That’s because it consists of the 91.6% pure gold along with some impurities like nickel and silver. 916 gold price in Karnataka today is just the same as 22 carat gold.

Find out Gold Rates of more Indian Cities & States

How much is the Tax Levied on Gold Rate in Karnataka?

Tax on gold rate in Karnataka at present is categorized in three discrete categories. This means that gold buyers in Karnataka must pay these taxes to the state government. These are:

  • An import tax levied on the buyers worth 10% of their purchase volume.
  • GST amount worth 3% of their total purchase volume.
  • Another percentage or fixed amount is taken for making charges. This one is however, only applicable when the buyers decide to purchase or convert their gold in jewellery form.

Gold Rate in Karnataka – Conclusion

We created this article to detail you on gold rate in Karnataka. So, we gave you a clear picture of the fluctuations in gold rate with the help of multiple graphs and table. We even briefed you on the sort of taxes levied on gold across Karnataka.

We told you about the reasons that determine a raise or fall in the gold price across the state. Finally, we told you about the types of gold there are.

Gold Rate in Karnataka FAQs

Ques – How to check today’s gold rate in Karnataka?

Answer – Our team works with brilliance and excellence and provide you with accurate gold rate of Karnataka. Our team regularly update all the charts and figures so that our readers can find it easy as we understand how important it is be updated for your investment.

Ques – Where to find gold rate in Karnataka?

Answer – You will find gold rate of Karnataka within the article itself and in fact not only gold rate but all other necessary information which an investor looks for before investing.  What you need to do is just go to article find the particular section you are looking for and it’s done.

Ques – Is this live gold price in Karnataka?

Answer – Yes, this is live gold price in Karnataka.  We update our article regularly to according to current market prices. As you open the article the first thing one can see is live gold rate price being displayed with various measurements.

Ques – Can i find last month gold price here?

Answer – Yes, one can easily find last month gold price here by just searching form article. Not only last month gold price but price of last eight months is easily available here. The entire price ranges are accurate and precise as per the reader convince.

Ques – Where to find 22 Ct gold rates in Karnataka?

Answer – The 22 Ct gold rate is most searched and is displayed at the very beginning of the article and with all other necessary information that our readers might look for before any invested. This category of gold is in demand and hence people search for it every now and then. Our tabular representation makes the work simple for our clients.

Ques – Is the gold rate in Karnataka updated?

Answer – Yes, the gold rate in Karnataka is updated.  We understand the important of an updated price and our team keep on regularly updating article with current market prices. Our team very well knows how much important for our readers is to be updated.

Ques – Will i find gold rate forecast here?

Answer – Yes, our readers can easily find gold rate forecast here. From the entire historical price to predicted future price all our available here for our readers. Thereby referring to the patterns of change in the rate of gold a customer can form his prediction helping him to make better investment that bores profit.

Ques – Can I use Gold Investment Calculator?

Answer – Yes, anyone can use gold investment calculator, it is open to all. You just need to provide some basic information like price you are looking for, type of gold and so forth. Then simply click on calculate baton and you will get all you were looking for.

Ques – Can I calculate gold rate in Tola?

Answer – Yes, you can easily calculate gold rate in terms of Tola with the assistance of calculator. So after filling all the basic information you will find a list of different measurements available in front of you, choose according to your preference and there you go.

Ques – What is 24 Ct gold in Karnataka?

Answer – 24 ct gold is widely called as pure gold. Since the pure gold is not mixed with any other substance it is costly and not easy to mould or change its shape. Therefore, we provide the rates of two different categories of gold namely 22 carat and 24 carats. 22 carat gold is highly demanded due to its high versatility.

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