Gold rate in Mysore

24K Gold / 10gm
07th Dec '22
56911.40
0.00(0.00%)
22K Gold / 10gm
07th Dec '22
52168.78
0.00(0.00%)

Gold is the most valued metal in India and people, especially women have a deep affinity for it. In any country, the price of gold keeps changing on a day-to-day basis across all the cities and India is no exception. The gold price in Mysore is affected by a number of factors which entails global trends as well. In Indian households, gold is considered precious and related to auspiciousness. Besides its cultural value, gold also contributes to a great investment portfolio. Owing to these reasons, it is purchased in a huge volume across the country, including Mysore. Not only physical gold, but investors have also started to trade in gold as a commodity and in gold-based derivatives through the exchanges.

Irrespective of the condition of the economy, gold consumption always remains untouched and is consumed across India. You need to be properly informed about the gold rates in Mysore if planning to invest in it. Be it gold jewelry, coins, or bars, you should always check the gold price in Mysore today beforehand. However, as mentioned above, the gold rates in Mysore oscillate daily due to different factors such as demand and supply of gold, inflation, and rupee-dollar valuation.

22K & 24K Gold Rates Per Gram in Mysore

GramTodayYesterday
1 Gram
₹5,691.14
0.00(0.00%)
₹5,691.14
+15.98(0.28%)
8 Gram
₹45,529.12
0.00(0.00%)
₹45,529.12
+127.84(0.28%)
10 Gram
₹56,911.40
0.00(0.00%)
₹56,911.40
+159.80(0.28%)
12 Gram(1 Tola)
₹68,293.68
0.00(0.00%)
₹68,293.68
+191.76(0.28%)

Gold Investment in Mysore

Gold rates in Mysore always differ from other cities in India. There are a number of reasons behind the same such as octroi charges, state taxes, and transportation costs. If you are looking to invest in gold in Mysore then it is in your best interest to check the Gold price in Mysore today. The city is also counted amongst some of the highest gold consumers across the country. Before purchasing gold jewelry in Mysore, one should keep in mind that along with the price of gold today as indicated on this page, there are marking charges associated with the jewelry which escalate the overall price.

    Historical Gold Rates in Mysore for the Last 10 Days

    Day22K PURE GOLD24K PURE GOLD
    30th Nov 2022
    ₹51,252.48
    -0.33%
    ₹55,911.80
    -0.33%
    29th Nov 2022
    ₹51,422.52
    +0.30%
    ₹56,097.30
    +0.30%
    28th Nov 2022
    ₹51,266.60
    -0.24%
    ₹55,927.20
    -0.24%
    27th Nov 2022
    ₹51,388.52
    0.00%
    ₹56,060.20
    0.00%
    06th Dec 2022
    ₹52,168.78
    +0.28%
    ₹56,911.40
    +0.28%
    05th Dec 2022
    ₹52,022.30
    -0.49%
    ₹56,751.60
    -0.49%
    04th Dec 2022
    ₹52,276.49
    0.00%
    ₹57,028.90
    0.00%
    03th Dec 2022
    ₹52,276.49
    +0.59%
    ₹57,028.90
    +0.59%
    02th Dec 2022
    ₹51,968.49
    -0.25%
    ₹56,692.90
    -0.25%
    01th Dec 2022
    ₹52,098.84
    +1.65%
    ₹56,835.10
    +1.65%

    How is the Purity of Gold Evaluated in Mysore?

    Gold rate in Mysore and the purity of the metal are evaluated by the Indian Bullion Association, and the dealers are needed to incorporate the hallmark symbol of purity in all their products. Gold price in Mysore or any other city in this regard is influenced by global implications in the global stock market. India specifically doesn't need to worry about the rise and fall of the market since we do not mine our own gold, but there are international factors that heavily influence the buying power of the importers and also of the general public.

      Trend of Gold Rates in Mysore

      Day22K PURE GOLD24K PURE GOLD
      July 1st₹49,525.30₹54,027.60
      July 30th₹49,379.64₹53,868.70
      Highest in July₹50,494.95₹55,085.40
      Lowest in July₹0.00₹0.00
      Overall Performancefallingfalling
      Percentage Change
      0.29%
      0.29%

      Alternatives to Physical Gold

      Gold can be bought in different forms apart from Physical gold in Mysore. The physical form is the traditional form of gold which means the gold you buy at a jewellery shop. Other modes of gold investment include Gold bonds (sovereign gold bonds) that are government securities denominated in grams of gold. Some more convenient forms of Gold investment are Gold ETFs and gold mutual funds.

      Gold Exchange Traded Funds, or Gold ETFs are open-ended mutual fund schemes that aim to track the ever-fluctuating cost of gold. 1 Gold ETF unit is equivalent to that of 1 gram of gold (99.5% pure). Gold mutual funds or gold funds, on the other hand, are open-ended funds that invest in units of a Gold Exchange Traded Fund (ETF). Both the investments can be done via Groww in a hassle-free manner.

        Gold Rates in Top cities

        Chennai
        ₹56,924.80
        0.00
        (0.00%)
        Delhi
        ₹59,153.70
        0.00
        (0.00%)
        Bangalore
        ₹56,911.40
        0.00
        (0.00%)
        Kolkata
        ₹56,924.80
        0.00
        (0.00%)
        Hyderabad
        ₹56,924.80
        0.00
        (0.00%)
        Pune
        ₹55,238.90
        0.00
        (0.00%)

        FAQs on Gold Price in Mysore

        Why does the Gold price in Mysore keep changing?

        Gold prices in Mysore keep changing owing to different factors such as state taxes, transportation charges, and octroi charges.

        How is the gold price fixed in Mysore?

        The gold rate in Mysore is decided by the Indian Bullion Association and various other factors play an important role such as demand and supply, inflation, dollar-rupee equation etc.

        What are the taxes charges on Gold purchase in Mysore?

        Whenever purchasing gold, it must be duly noted that certain taxes and other duties are levied on the precious metal purchase. In Mysore purchasing Gold jewellery is subject to a 3% tax on the value of gold and a making fee of 5% under the GST.

        How many grams of gold are present in one 'tola' of gold?

        Presently, one tola of gold is equivalent to 10 grams of gold. A Tola (can also be written as tolah or tole) is an ancient unit of weight, introduced in India and South Asia around 1833. It was introduced officially to allow the fair trade of grain and precious metals.

        How to check the purity of gold in Mysore?

        Most retail buyers usually determine the purity of gold by checking the hallmark symbol of purity that is incorporated by most dealers on gold. If you are going to buy gold you can check if the hallmarking centre is licensed by BIS or not on their website.

        What are the factors affecting Gold prices in Mysore?

        The gold price in Mysore or in any other city is affected by a number of global trends and factors. One of the primary influences is the behaviour of central banks globally. However, India need not worry about the market rise and fall as we do not mine our own gold. But the international factors can be considered as it heavily influences the purchasing power of the importers and the general public.
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