Gold Rate in Mysore – Find 22 Ct & 24 Ct Gold Price in Mysore Today

Mysore is a beautiful city in Karnataka that is not only famous for its silk but also gold jewelry. People here look for Gold Rate in Mysore Today because they invest widely in this precious yellow metal.

This article will throw light upon Gold Rate in Mysore that will help readers in making wise investment decisions. Gold in both the forms of 22 Ct and 24 Ct is in demand in this city because traders and customers deal with them in a huge amount.

Here, the market trends of this year and the previous year shall be explained thoroughly along with the performance of the gold rate in the last six months.

Readers will learn about the taxes imposed on this metal and some other factors that determine the increase and decrease in Gold Rate in Mysore live.


22 Carat Gold Rate in Mysore – Gold Price in Mysore Today

Also, Check out the Silver Rate in Mysore Today

People in Mysore buy a lot of gold jewelry and so they are always interested in 22 Carat Gold Rate in Mysore. This is because this form of gold is completely suitable for making beautiful jewelry.

22 Carat Gold is not the purest form of this metal as it contains a certain amount of fillers that provide strength and durability. Mysore has a large number of gold jewelry stores that register gold sales records around the year.

These stores keep a track of the Gold Rate in Mysore Today as they sell their finished products as per the same. Therefore, customers should also learn about the latest rate for 22 Carat Gold before purchasing any gold jewelry for having a good deal.


24 Carat Gold Rate in Mysore Today – Gold Price in Mysuru

Many people of Mysore often get confused with Pure Gold Price in Mysore and start making wild guesses.

For their information, the price of 24 Ct Gold is termed as pure gold rate. Gold is extracted from the ores in the form of 24 Ct and thus, it is called the purest form of the metal.

However, this form of gold cannot be put to use for making jewelry as it is very soft. Jewelers pay the 24 Carat Gold Rate in Mysuru for buying the purest form of this metal and add fillers to it for making it suitable for jewelry.


Check out some amazing Gold Calculators

Mysore Gold Investment CalculatorGold Rate Calculator of Mysore
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Gold Price in Mysore for Last 15 Days

All the gold investors and traders in the city keep checking for Gold Price in Mysore for the past 15 days. This provides them with a clear idea about how this precious yellow metal is performing in the market.

The price chart for the past two weeks also predicts whether the gold rate shall increase or decrease in the coming week. Going through the rates of this yellow metal for the last weeks, it can be said that the numbers have fluctuated to a good extent.

The rates were initially low and then they went high relatively. However, in the past 1 week, the rates are again coming lower and making it favorable for investors to take the plunge.


Find Gold Rates of other Indian Cities & States

Gold Rate in KochiGold Rate in ChennaiGold Rate in KeralaGold Rate in India
Gold Rate in BangaloreGold Rate in DelhiGold Rate in HyderabadGold Rate in Vizag
Gold Rate in MumbaiGold Rate in PuneGold Rate in KolkataGold Rate in Jaipur

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

Graphs have always been a suitable form for understanding any statistics effortlessly. The same is applicable for Gold Rate in Mysore as investors get a detailed overview of the performance of this metal in the market.

Graphical representations make the whole picture clear and viewers can extract the required knowledge at a glance.

Many popular websites in Mysore put up the graphical representation of the Gold Price in Mysore that is followed extensively by the local people. It gives them an idea of whether they should consider investing in this commodity or wait for some time if the pointer is already facing downwards.

  • Gold 22 CT :
  • Gold 24 CT :

Gold Price in Mysore – Past 6 Months Price

Investors in Mysore, who have been dealing with gold for a long time, always prefer going through the rates of the previous 6 months before investing.

This is a very useful method and new investors should also try to follow this. The Gold Rate in Mysuru for the past 6 months can help them understand the trend of the market.

They will get a rough idea of the fact that whether the rates are going very high or shall decrease in the coming months. Below are the performance details for this precious metal in Mysore for the past six months.

August 2020, Gold rate movement in Mysore

Gold Rates in August 202022 Carat Gold Rate24 Carat Gold Rate
01-08-2020₹ 5,065₹ 5,525
08-08-2020₹ 5,248₹ 5,725
15-08-2020₹ 4,965₹ 5,418
22-08-2020₹ 4,950₹ 5,400
31-08-2020₹ 4,800₹ 5,324
Highest Rate in August₹ 5,280₹ 5,760
Lowest Rate in August₹ 4,800₹ 5,239
Performance10.00%9.94%

The trend of a particular investment, if wished to be looked into for long term, should be looked at for many advanced months.

For example, if one wishes to invest in gold, it is necessary to check the past few months gold performance to know if it is the right time to invest or not. The below details are about the changes in gold prices for the month of August in Mysore.

  • Changes in gold prices for the month of August is given in the table.
  • The price fluctuation is a bell shaped curve.
  • The price on the first day of the month was Rs. 5,065 per gram for 22 carat gold and Rs. 5,525 per gram for 24 carat gold.
  • On the last day of the month the price changes in 22 carat gold was Rs. 4,800 per gram and for 24 carat gold was Rs. 5,324 per gram in Mysore.
  • The overall performance is also calculated for 22 and 24 carat gold. The performance statistics is 10.34% and 10.36% respectively.

July 2020, Gold rate movement in Mysore

Gold Rates in July 202022 Ct Gold Rate24 Ct Gold Rate
01-07-2020₹ 4,605₹ 5,020
08-07-2020₹ 4,600₹ 5,016
15-07-2020₹ 4,650₹ 5,070
22-07-2020₹ 4,727₹ 5,157
31-07-2020₹ 5,050₹ 5,500
Highest Rate in July₹ 5,050₹ 5,500
Lowest Rate in July₹ 4,535₹ 4,945
Performance11.36%11.22%

Gold trend for the month of July is discussed in this section. Gold is a precious metal that is demanded by all, therefore knowing how the change in gold rates impact its demand and vice-versa is a very important factor to take note of.

  • Change in gold prices on a weekly basis is given in the table.
  • The opening price was at Rs. 4,605 per gram for 22 carat gold and Rs. 5,020 for 24 carat gold. And closing rates were Rs. 5,050 per gram for 22 carat gold and Rs. 5,500 per gram for 24 carat gold.
  • The last day of the month has the highest closing rate.
  • And the lowest rate was Rs. 4,535 per gram and Rs. 4,945 per gram for both 22 and 24 carat gold categories respectively.
  • The overall performance for the month is 11.36% for 22 carat gold and 11.22% for 24 carat gold respectively.

June 2020, Gold Rate Movement in Mysore

Gold Rates in June 202022 Ct Gold Rate24 Ct Gold Rate
01-06-2020₹ 4,425₹ 4,827
08-06-2020₹ 4,375₹ 4,772
15-06-2020₹ 4,458₹ 4,868
22-06-2020₹ 4,538₹ 4,950
30-06-2020₹ 4,568₹ 4,983
Highest Rate in June₹ 4,575₹ 4,990
Lowest Rate in June₹ 4,325₹ 4,722
Performance5.78%5.68%

Recent trends help investors to judge their investment in a better manner and draw conclusions on portfolio diversification. We have compiled data for the month of June and its changes in gold rates I the city of Mysore in the table below. Points for reference are also mentioned.

  • Changes in numbers on five different days of the month is available in the table.
  • The highest price for 22 carat gold in Mysore is Rs.4,575 per gram and lowest price is Rs.4,325 per gram for the same category.
  • For 24 carat gold the highest price is Rs.4,990 per gram and lowest is Rs.4,722 per gram.
  • The prices this month are volatile for both the categories in the city of Mysore.
  • The overall performance for change in per gram gold rates for the city of Mysore is calculated to be at 5.78% for 22 carat gold and 5.68% for 24 carat gold.

May 2020, Gold Rates in Mysore

Gold Rates in May 202022 Ct Gold Rate24 Ct Gold Rate
01-05-2020₹ 4,341₹ 4,631
08-05-2020₹ 4,330₹ 4,627
15-05-2020₹ 4,395₹ 4,790
22-05-2020₹ 4,405₹ 4,808
31-05-2020₹ 4,416₹ 4,816
Highest Rate in May₹ 4,491₹ 4,899
Lowest Rate in May₹ 4,290₹ 4,586
Performance4.69%6.83%

Here the 22 Ct and 24 Ct Gold Rates in Mysore for May 2020 will be discussed with some useful points:

  • The highest recorded price for one gram of 22 Ct gold in Mysore has been Rs.4,491
  • 4,290 is the highest price recorded for one gram of 24 Ct Gold
  • The lowest recorded 22 Carat Gold Rate in Mysore per Gram is Rs.4,586 and that for 24 Carat Gold is Rs.4,899 which is on the higher side
  • Performance of the price of 22 Carat gold was 4.69% and that for 24 Carat gold was similar with 6.83%
  • The gold prices in this city remained quite stable with fluctuation of Rs.230 for both the forms

April 2020, Gold Rate Movement in Mysuru

Gold Rates in Apr 202022 Ct Gold Rate24 Ct Gold Rate
01-04-2020₹ 3,865₹ 4,057
08-04-2020₹ 3,862₹ 4,061
15-04-2020₹ 4,063₹ 4,431
22-04-2020₹ 4,041₹ 4,408
30-04-2020₹ 4,395₹ 4,680
Highest Rate in Apr₹ 4,474₹ 4,730
Lowest Rate in Apr₹ 3,861₹ 4,055
Performance15.88%16.65%

The performance of the 22 Ct and 24 Ct Gold Rates in Mysuru for April 2020 has been discussed below:

  • The highest recorded 22 Carat Gold Rate in Mysore per Gram is Rs.4,474 and that for 24 Carat Gold is Rs.4,730
  • The lowest recorded price for 22 Carat gold is Rs.3,861 and for 24 Carat the price is Rs.4,055 for April 2020
  • This month has marked a good performance percentage of 9.88% for 22 Ct Gold price in Mysore
  • A similar percentage of 9.65% was recorded for the growth in 24 Ct Gold rate in the city
  • In April this year, the prices of 22 Ct and 24 Ct gold have taken a good jump of more than Rs.400

March 2020, Gold Rate Movement in Mysore

Gold Rates in Mar 202022 Ct Gold Rate24 Ct Gold Rate
01-03-2020₹ 3,897₹ 4,097
08-03-2020₹ 4,167₹ 4,374
15-03-2020₹ 4,018₹ 4,216
22-03-2020₹ 3,869₹ 4,058
30-03-2020₹ 3,866₹ 4,056
Highest Rate in Mar₹ 4,167₹ 4,374
Lowest Rate in Mar₹ 3,771₹ 3,958
Performance10.50%10.51%

The Gold Price Movement in Mysore for March 2020 is significant as this is the last month of the financial year and can be viewed below:

  • The Gold Price in Mysore per Gram for 22 Ct Gold has touched the highest value of Rs.4,167 and the lowest of Rs.3,771
  • The highest price recorded for 24 Ct gold is Rs.4,374 and the lowest is Rs.3,958
  • 22 Ct Gold rate in Mysore has shown a remarkable growth of 10.50%
  • The performance of 24 Ct Gold rate was also noteworthy with 10.51%
  • 22 Ct and 24 Ct Gold rates in Mysore have got increased in the second week but reduced at end of the month

February 2020, Gold Price Movement in Mysore

Gold Rates in Feb 202022 Ct Gold Rate24 Ct Gold Rate
01-02-2020₹ 3,826₹ 4,018
08-02-2020₹ 3,774₹ 3,957
15-02-2020₹ 3,822₹ 4,014
22-02-2020₹ 3,951₹ 4,144
29-02-2020₹ 4,000₹ 4,197
Highest Rate in Feb₹ 4,034₹ 4,238
Lowest Rate in Feb₹ 3,771₹ 3,957
Performance6.97%7.10%

Here, readers will find details of the24 Carat and 22 Carat Gold Rate in Mysore for February 2020:

  • The highest recorded 22 Ct Gold price was Rs.4,034 and that for 24 Ct Gold was Rs.4,238
  • 3,771 has been the lowest marked price for 22 Ct Gold Rate in Mysore per gram and Rs.3,957 for 24 Ct Gold
  • The monthly performance of 22 Ct gold price in February was 6.97% and that for 24 Ct gold price was slightly better with 7.10%
  • The rate of 22 Ct Gold in Mysore reduced in the second week but went up gradually from the third week of February 2020
  • 24 Ct Gold rate was also fluctuating throughout the month with small ups and downs every day

January 2020, Gold Price Movement in Mysore

Gold Rates in Jan 202022 Ct Gold Rate24 Ct Gold Rate
01-01-2020₹ 3,658₹ 3,842
08-01-2020₹ 3,778₹ 3,966
15-01-2020₹ 3,699₹ 3,881
22-01-2020₹ 3,773₹ 3,961
30-01-2020₹ 3,776₹ 3,962
Highest Rate in Jan₹ 3,864₹ 4,061
Lowest Rate in Jan₹ 3,658₹ 3,842
Performance5.63%5.70%

The Gold Price in Mysore for January 2020 has been discussed below and this will help traders and investors residing in the city

  • The highest recorded price for 22 Ct Gold was Rs.3,864 and for 24 Ct gold it was Rs.4,061 in Mysore
  • 22 Carat Gold Price in Mysore touched the lowest price of Rs.3,658 and that for 24 Ct was Rs.3,842
  • This precious jewelry metal showed an average performance of 5.63% in 22 Ct and 5.70% for 24 Ct
  • The rate of 22 Ct gold can be called more or less stable for the entire month of January 2020 with small fluctuations
  • 24 Ct gold price fell in the third week but again caught up the pace in the fourth week gradually

December 2019, Gold Rate Movement in Mysuru

Gold Rates in Dec 201922 Ct Gold Rate24 Ct Gold Rate
01-12-2019₹ 3,587₹ 3,769
08-12-2019₹ 3,546₹ 3,723
15-12-2019₹ 3,534₹ 3,705
22-12-2019₹ 3,576₹ 3,752
30-12-2019₹ 3,661₹ 3,848
Highest Rate in Dec₹ 3,661₹ 3,848
Lowest Rate in Dec₹ 3,531₹ 3,705
Performance3.68%3.86%

This part of the article has brought forth the Gold Rate in Mysore for December 2019. It will help readers in getting an insight into the prices attained by this precious metal in the last month of the previous year.

  • The highest recorded value for 22 Ct gold was Rs.3,661 and the lowest was Rs.3,531
  • The highest 24 Carat Gold Rate in Mysuru was Rs.3,848 with lowest being Rs.3,705
  • This valuable commodity has shown an average performance with 3.68% growth in 22 Ct and 3.86% in 24 Ct
  • The price of 22 Ct Gold was falling steadily in Mysore in the first two weeks of December 2019 but went high in the next two
  • 24 Ct Gold rate was the highest in the last two days of the previous year

Gold Rate in Mysore – Trend in 2020

Gold Rate in Mysore

The year 2020 has seen a lot of ups and downs from the first month with various agitations going on across the world. All of these have affected Gold Rate in Mysore in 2020.

The growing tensions between the United States and China have affected the global market.

This has crashed the stock markets worldwide with the price of gold going very high.

The outbreak of a serious pandemic in India and a large number of other nations can be blamed for the price fluctuations as well. But, things are getting better as Today Gold Rate in Mysore is quite suitable for investors there.


Check out Gold Rates of more cities & states

Gold Rate in TirunelveliGold Rate in AhmedabadGold Rate in OdishaGold Rate in Indore
Gold Rate in UdupiGold Rate in ChandigarhGold Rate in PatnaGold Rate in Kanpur
Gold Rate in WarangalGold Rate in GoaGold Rate in CoimbatoreGold Rate in Madurai

Gold Rate in Mysore – Trend in 2019

The Gold Rate Trend in 2019 in Mysore cannot be compared with that of 2020 as things have not been favorable in the latter case. In the previous year, gold rates were increasing stably from the beginning to the end and a certain amount of predictability existed.

However, in the present year, the past 6 months did not look very bright for gold traders and the next six months cannot be predicted easily.


What makes Gold Rates in Mysore to increase?

The current conditions of the world and the local market have a huge impact on the Gold Rate in Mysore as on today. Some important factors are discussed below:

  • Inflation in the global economy has led to an increase in the Gold rate in Mysore today per gram
  • The hike in the valuation of the US dollars concerning the INR has increased the gold rate in this Mysore
  • If the local gold market of this city faces a huge amount of demand for this valuable yellow metal
  • When the treasury of the Indian government has less amount of gold

What makes Gold Price in Mysuru to decrease?

Reasons responsible for the reduction in the Gold Price in Mysore are:

  • A good amount of price deduction of gold in the world gold market
  • Today Gold Price in Mysuru shall be less if there are many traders in the city, i.e. the demand of gold does not meet the supply.
  • If the Reserve bank of India announces an increase in the rate of interest or some good policies then the gold rate shall reduce

Why Central Bank Policies impacts Gold Rates in Mysore?

The valuation of the US Dollar rises or falls daily concerning the INR and this affects the Gold Rate in Mysore. Apart from this, another factor that affects the gold rates in this city and the whole nation is the policies of the Central Bank.

This bank creates policies that play an important role in determining the Gold Rate in Mysore Today and thus, traders keep checking the policies every day.


Why Gold Price in Mysore is different from other Cities?

Each city in India has its policies, laws, and regulations that have a huge impact on gold rates. The Gold Price in Mysore is affected widely by factors like the taxes imposed by the native government, transportation charges, etc.

If these charges are less, then the Gold Price in Mysore 916 will remain affordable for the local traders and investors and vice-versa.


What is Gold Rate in Mysore 916 Hallmark gold?

Hallmark gold is the standardization fixed for this precious yellow metal in this nation. The Gold Rate in Mysore 916 refers to the rate of 22 Carat Gold that is used in gold jewelry.

These finished products should hold the hallmark sign that is marked by the number 916 to indicate that they are made following the rules of the gold standards.


Find out Gold Rates of more Indian Cities & States

Gold Rate in BhopalGold Rate in GurugramGold Rate in HosurGold Rate in Raipur
Gold Rate in MangaloreGold Rate in RanchiGold Rate in AmritsarGold Rate in Kakinada
Gold Rate in MeerutGold Rate in VijayawadaGold Rate in NelloreGold Rate in Lucknow

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

The price of gold goes quite high because various taxes are levied on it by the state and central governments of the nation. A GST of 5% is attracted by this valuable commodity that is charged by the central government.

Besides this, jewelry shops impose a making charge on the finished ornaments which are also exposed to 5% GST. The price of this valuable metal shall vary with the variation in the Tax on Gold Rate in Mysuru.


Gold Rate in Mysore – Conclusion

This article has focused on the Gold Rate in Mysore and helped with numerous useful details about this valuable commodity. People residing in this city should follow this article if they are planning to invest in gold shortly.

Today Gold Rate in Mysore will be affected by an array of factors and this article will help investors and traders in understanding them all thoroughly.


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