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Today’s Gold Rate in Mysore

Gold Price in Mysore

Last Updated 25th Feb 2021

The gold price in Mysore for 22-carat gold is ₹ 43,750 and for 24-carat gold is ₹ 47,730.

Gold Price 24 Carat Gold – ₹ per 10 grams 22 Carat Gold – ₹ per 10 grams
Today 47,730 43,750
Gold Rate Mysore Feb 2021
Highest Rate 49,640 45,500
Lowest Rate 46,900 43,000
Average Rate 48,098 44,086

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Today Gold Price Mysore

₹ 43,750

Gold Price Today in Mysore

Gold holds a special place in Indian households due to the fact that it is both auspicious when it comes to cultural connotations but also holds a great investment portfolio. Thereby it is largely consumed across the country, including Mysore. No matter what the situation of the economy is, gold consumption never stops and thereby is important to be informed of the changing gold rates in Mysore. The gold rates in Mysore are dependent on various factors such as inflation, demand and supply of gold, international relations or rupee-dollar equation. The gold price in Mysore today is ₹ 43,750 for 22-carat gold, whereas for 24-carat gold it is ₹ 47,730.

Historical Price of Gold Rate in Mysore

24 Carat Gold Price in Mysore 2021

Months Lowest Price 24 Carat Gold – ₹ per 10 grams Highest Price 24 Carat Gold – ₹ per 10 grams
February 2021
46,900 49,640
January 2021
49,640 52,360

24 Carat Gold Price in Mysore 2020

Months Lowest Price 24 Carat Gold – ₹ per 10 grams Highest Price 24 Carat Gold – ₹ per 10 grams
December 2020
48,980 51,380
November 2020
48,764 52,820
October 2020
51,150 52,530
September 2020
51,160 53,650
August 2020
52,390 57,600
July 2020
49,450 55,000
June 2020
47,220 49,900
May 2020
45,860 48,990
April 2020
42,850 47,300
March 2020
41,150 45,270
February 2020
41,180 43,880
January 2020
39,000 42,100

22 Carat Gold Price in Mysore 2021

Months Lowest Price 22 Carat Gold – ₹ per 10 grams Highest Price 22 Carat Gold – ₹ per 10 grams
February 2021 43,000 45,500
January 2021 45,500 48,000

22 Carat Gold Price in Mysore 2020

Months Lowest Price 22 Carat Gold – ₹ per 10 grams Highest Price 22 Carat Gold – ₹ per 10 grams
December 2020 44,900 47,100
November 2020 44,700 48,420
October 2020 46,700 48,150
September 2020 46,900 49,180
August 2020 48,500 52,800
July 2020 45,350 50,500
June 2020 43,250 45,750
May 2020 42,900 44,910
April 2020 38,775 44,740
March 2020 37,650 41,500
February 2020 37,750 40,300
January 2020 36,650 38,600

From where to buy gold jewellery in Mysore

When buying gold in Mysore, it is highly recommended to approach certified and established jewellers who sell hallmark jewellery. Some of the old and reputed jewellers in Mysore for buying gold jewellery are Tanishq Jewellers, Kalyan Jewellers and Lakshmi Gold Palace . Other large Stores that sell certified and hallmark jewellery in Mysore are Shubh Jewellers, Sharada Jewellers and Prakash Jewellers.

List of banks providing gold loan in Mysore

Customers who own gold jewellery can always approach a bank or a gold loan company to get a loan against jewellery to meet any urgent personal or business expense. Some of the large banks and gold loan NBFCs in Mysore that provide loan against gold jewellery are:

About Mysore

Owing to the rich culture and history, Mysore is considered as one of the biggest evidence of its widespread demand for gold. The city, Mysore is also known as the "Golden Throne" of India. Gold in Mysore is purchased as an investment in the form of gold bars, jewellery and gold coins. 40% of India's demand for gold comes from Karnataka, the parent state of Mysore.

FAQs

What is the gold price in Mysore for 916 hallmark gold?

The gold price in Mysore for 916 hallmark gold is ₹ 43,750. The 916 KDM gold price is same as 22-carat hallmark gold.

What is the price of 1 gram gold in Mysore today?

The price of 1 gm gold in Mysore today is ₹ 4,773 for 24 carats of gold and ₹ 43,750 for 22 carats gold. 

What is the rate of 23-carat gold in Mysore?

The rate of hallmark gold of 23-carat in Mysore is ₹ 47,730.

How is today’s gold rate in Mysore 916 determined?

The gold rates in Mysore is determined based on various factors such as the interest rates in the developed countries, demand for gold wherein a lower demand for gold leads to low prices and higher demand leads to high prices. Further, the gold price in Mysore is also affected by Government policies related to tariffs on gold, and the tariffs charged by the Local Governments.

What is the important checklist for buying gold in Mysore?

Checklist for buying gold in Mysore involves being mindful of the following things:

  • Check the gold price per gram: Checking out the gold price per gram is important, as you won’t end up paying more than the actual price. However, check the price from an authentic and reliable source.
  • Know about different purity levels: Before buying gold, it is important that the gold buyer is aware of different purity levels in gold, such as 24 carats or 100% gold, and 22 carats or 91.6% gold. Research about the purity level and pre deicide the level you wish to for based on factors like price and usage of gold.
  • Ensure certification: Ensuring the certification of gold is the most important aspect to check the quality and purity of gold. Ensure that you buy hallmark gold or the gold with the BIS mark.
  • Be aware of the buy-back terms: Lastly, be aware of the lender’s buy-back policy that is the terms on the exchange of gold years later. Know whether the seller will obtain the gold at the same price or whether any cost-cutting is involved.
  • Collect bill: Most importantly, after buying the gold, do not forget to collect a bill form the seller. Collecting the bill will allow you to take actions if the gold is impure or lacks in quality as promised by the seller.

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