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Gold Rate in Mysore (20th February 2020)

Feb 20, 2020
3,905 /Gram(22ct) 20

Mysuru the royal city has a great affinity with gold. In fact, gold prices in Mysore have been on an increase in the last several decades as in investors constantly seek to buy into the precious metal.

Today 22 Carat Gold Price Per Gram in Mysore (INR)

Gram 22 Carat Gold
Today
22 Carat Gold
Yesterday
Daily Price Change
1 gram 3,905 3,885 20
8 gram 31,240 31,080 160
10 gram 39,050 38,850 200
100 gram 3,90,500 3,88,500 2,000

Today 24 Carat Gold Rate Per Gram in Mysore (INR)

Gram 24 Carat Gold
Today
24 Carat Gold
Yesterday
Daily Price Change
1 gram 4,254 4,234 20
8 gram 34,032 33,872 160
10 gram 42,540 42,340 200
100 gram 4,25,400 4,23,400 2,000

Gold Rate in Mysore for Last 10 Days (10 g)

Date 22 Carat 24 Carat
Feb 20, 2020 39,050 200 42,540 200
Feb 19, 2020 38,850 400 42,340 400
Feb 18, 2020 38,450 100 41,940 140
Feb 17, 2020 38,350 -110 41,800 -110
Feb 16, 2020 38,460 10 41,910 10
Feb 15, 2020 38,450 250 41,900 250
Feb 14, 2020 38,200 0 41,650 0
Feb 13, 2020 38,200 250 41,650 250
Feb 12, 2020 37,950 -50 41,400 -70
Feb 11, 2020 38,000 -200 41,470 -200

Weekly & Monthly Graph of Gold Price in Mysore

Historical Price of Gold Rate in Mysore

  • Gold Price Movement in Mysore, January 2020
  • Gold Rates 22 Carat 24 Carat
    1 st January rate Rs.36,650 Rs.39,980
    31st January rate Rs.38,100 Rs.41,560
    Highest rate in January Rs.38,600 on January 8 Rs.42,100 on January 8
    Lowest rate in January Rs.36,650 on January 10 Rs.39,000 on January 10
    Over all performance Rising Rising
    % Change +3.96% +3.95%
  • Gold Price Movement in Mysore, December 2019
  • Gold Price Movement in Mysore, November 2019
  • Gold Price Movement in Mysore, October 2019
  • Gold Price Movement in Mysore, September 2019
  • Gold Price Movement in Mysore, August 2019

Where to Buy Gold in Mysore?

Mysore being very close to Bangalore has a number of gold shops, which are popular in Bangalore. For example, we have the famous Kalyan Jewellers which has number of branches in Bangalore and throughout India. Apart from this you can also check the gold prices in Malabar Gold and Jewellery at Mysore. We strongly recommend that you check gold rates in Mysore at a number of shops before you even think of buying gold.

If you feel that prices are likely to dip, stay away and use a strategy of buying gold on declines. Most people in Mysore look to buy gold in the form of jewellery. There is very little demand for gold coins and bars. In fact, this is the trend that has been througout India and Mysore is no different.

Some other forms of investment like Gold ETFs has yet to catch on among gold jewelers. You can also look at the options of buying gold through the various online routes, but, there is no guarantee that you would get genuine gold.

Latest Updates on Mysore Gold Rates

The gold rates in Mysore unmoves

The gold rates in Mysore remained unchanged today despite its fall in the bullion market amid a firm dollar.

In the local market, the yellow metal prices were seen trading unchanged at Rs.38,200/- per 10 grams of 22-carat gold and Rs.41,650/- per 10 grams of 24-carat gold. In the bullion market, the spot has low 0.1% at $1,574.69 per ounce and U.S gold futures have slipped 0.1% to $1,577.80 an ounce. The U.S dollar has trading constant against a basket of six major traded currencies and also pulling the yellow metal prices in the international market. Investors were now looking for US retail sales and the consumer confidence figures expected later today. The US consumer is the biggest chunk of global growth at this point, China being hit by the trade war and the virus. Expectations that the virus could harm the global economy and easy monetary policy by central banks keep gold attractive in the market.

14 February 2020
The Gold Rates in Mysore increases

The gold rates in Mysore increased a little bit today despite dipped in the global market amid a stronger dollar. The precious metal prices in Mysore were seen trading at Rs.37,300/- per 10 grams of 22-carat gold and Rs.40,690/- per 10 grams of 24-carat gold. In the global market, spot gold has inched down 0.4% to $1,556.40 per ounce and U.S gold futures have down 0.2% to $1,557.10.

The dollar strengthened before the signing of the trade agreement, making gold more expensive for buyers using other currencies.

U.S Treasury Secretary Steven Mnuchin said Sunday that China's commitments in the phase 1 trade agreement with the United States have not been changed in a long translation process and will be released this week.

Gold prices rose nearly 0.7% last week in volatile trade amid heightened tensions between the United States and Iran after the U.S killing of a top commander Iranian government in Baghdad and slower than expected U.S job growth in December.

13 January 2020
The Gold Rates in Mysore lowers

The gold rates in Mysore declined slightly despite steadied in the bullion market amid the trade war between the United States and China.

The yellow metal prices in Mysore were seen trading at Rs.35,350/- per 10 grams of 22-carat gold and Rs.38,600/- per 10 grams of 24-carat gold. In the international market, spot gold has constant at $1,460 per ounce and U.S gold futures have flat at $1,464.50 an ounce.

A strong U.S jobs data last week renewed bets that the Federal Reserve would hold interest rates high. Lower interest rates reduce the opportunity cost of holding unproductive ingots.

Meanwhile, the December 15 deadline is still in place for a new round of US tariffs on about $ 156 billion of Chinese imports. Gold has gained more than 13% so far this year after the Fed lowered rates three times this year in the context of the US-China trade war and its impact on the economy.

9 December 2019
The gold rates in Mysore stands flat

The yellow metal prices in Mysore remained stable today despite dipped in the global market amid uncertainties around the U.S.-China. In the domestic market, The gold prices in Mysore steadied at Rs.36,000/- per 10 grams of 22-carats gold and Rs.39,270/- per 10 grams of 24-carats gold. The dollar index which measures the strength of the dollar has hit low against a basket of major currencies and also pulling back the yellow metal prices in the bullion market.

In the international market, spot gold has edged low by 0.1% to $1,490.05 an ounce and U.S gold futures also inched down by 0.4% to $1,493 an ounce. The European Union-backed a new Brexit deal with Britain on Thursday, prompting a rise in Asian equities in early trade. However, gains were limited by disappointing data on economic growth in China.

A trade war between the United States and China continues, China's economic growth in the third quarter slowing more than expected, at its slowest pace in the last three decades.

18 October 2019
The gold rate in Mysore remains constant

The gold price in Mysore remained unchanged today following global cues in the international market amid escalation in the U.S.-China trade war and Middle East tensions. In the local market, the yellow metal prices in Mysore were seen steady at Rs.35,550/- per 10 grams of 22-carat gold and Rs.38,740/- per 10 grams of 24-carat gold. In the global market, spot gold has firmed at 0.1% to $1,499.24 an ounce and U.S gold futures have down 0.3% at $1,507. Gold prices rose more than 1% on Monday morning, before stabilizing at 0.6% after a weekend attack on oil facilities in Saudi Arabia, which ignited worries about stability in the Middle East. The Federal Open Market Committee (FOMC) is expected to lower interest rates significantly at its two-day meeting, which will begin later in the day. This would be the second reduction of this type of central bank after the rate cut in July for the first time since the financial crisis.

17 September 2019
Gold prices in Mysore dips

The gold prices in Mysore dipped today following global cues amidst a firm dollar. The precious metal prices in Mysore were seen trading at Rs.35,350/- per 10 grams of 22-carat gold and Rs.38,570/- per 10 grams of 24-carat gold. In the international market, spot gold was trading 0.5% low at $1,514.70 per ounce and U.S gold futures declined by 0.5% at $1,523.60.

The United States President Donald Trump wanted to make a trade deal with China. Beijing had vowed to counter the latest tariffs on Chinese goods but called on Washington to meet it another way to seal a potential deal. Meanwhile, the U.S dollar index, which measures the greenback against a basket of six major traded currencies has gained 0.1% after hitting a two-week high.

Market Investors will shift their focus on the U.S. Federal Reserve’s annual symposium next week for more hints on monetary easing. While comparing from the last 10 days, the highest gold price in Mysore was recorded at Rs.34,450/- per 10 grams of 22-carat and Rs.38,670/- per 10 grams of 24-carat.

17 August 2019
Gold rates in Mysore steady

The gold rate in Mysore steadied today following global cues amidst awaited retail sales data from the United States. The yellow metal price in Mysore was seen trading at Rs.32,400/- per 10 grams for 22-carat gold and Rs.35,340/- per 10 grams of 24-carat gold. In the overseas market, Spot gold was inched up 0.1% to $1,414.92 per ounce and U.S. gold futures rose 0.2% to $1,416.60.

U.S. Treasury Secretary Steven Mnuchin stated that he and U.S. Trade Representative Robert Lighthizer would hold further trade talks with their Chinese counterparts by phone this week. From the Chinese data, which is released on Monday showed 6.2 per cent lower in the second quarter. this is the weakest pace in at least 27 years, raising expectations that Beijing will roll out more support measures in coming months.

Mysore has a rich history and culture with the widespread use of gold, most famously, the Golden Throne, the royal seat of the rulers of the erstwhile Kingdom of Mysore.

16 July 2019
Gold rates in Mysore stands flat

The gold rates in Mysore stood flat today despite moving high in the international market amidst a slowdown in U.S. jobs growth. In the local market, the yellow metal price in Mysore was trading at Rs.30,550/- per 10 grams for 22-carat gold and Rs.33,250/- per 10 grams for 24-carat gold. In the bullion market, spot gold was 0.6% higher to $1,343.07 per ounce and U.S gold futures settled $3.40 higher at $1,346.10.

The U.S. jobs number was weaker than expected and this rallied the gold market. Traders of U.S. short-term interest rate futures added to bets that the Fed will start to cut rates as soon as July and reduce them two more times before the end of the year. Meanwhile, the Trump administration pushed ahead on Friday with a plan to slap a 5% tariff on imports from Mexico.

The gold rates in Mysore are updated on a daily basis based on international business reports and it is decided by some local jewellery shops association.

8 June 2019
Gold rates in Mysore Gains slightly

The gold prices in Mysore has moved up following global cues despite the yellow metal has gained slightly in the international market amidst slips in equities. The gold rates in Mysore were seen at Rs 29,750/- for 10 grams of 22 carats gold and at Rs.32,150/- for 10 grams of 24 carats gold. Investors also waiting for further trade negotiations between the United States and China. The two countries are slated to begin the next round of talks on trade on April 30, in an attempt to conclude a nearly year-long tariff spat. Gold is often used as a hedge against economic and financial uncertainties. However, the U.S. dollar, which is traded close to a near two-year peak, kept the metal’s gains in check by making it more expensive for holders of other currencies. The slight rising prices of the jewellery metal have made jewellery purchase dearer for customers in Mysore.

25 April 2019
Gold rates in Mysore inches up

The gold rates in Mysore increased slightly owing to rise in demand despite being firm in the global markets which helped the dollar to move up. Today the yellow metal price in Mysore were trading at Rs.30,150/- per 10 grams for 22-carat gold and Rs.32,245/- per 10 grams for 24-carat gold. The European central bank's(ECB) dovish policy stance pushed the dollar against the Euro. while the dollar rose U.S. bond yields fell on safe demand. The European central bank postponed interest rate hike up to 2020. The investors are now waiting for the U.S non-farm payroll report due later in the day for indications on the strength of the economy and how it would effect the Federal Reserves monitory policy. There is a full demand for gold in Mysore due to their richest culture and history .

8 March 2019

Disclaimer: The gold rates are sourced from local jewellers in the city. There maybe variance in rates and prices. GoodReturns.in has made every effort to ensure accuracy of information provided; however, Greynium Information Technologies Pvt Ltd, its subsidiaries and associates do not guarantee such accuracy. The rates are for informational purposes only. It is not a solicitation to buy, sell in precious gold. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates do not accept culpability for losses and/or damages arising based on gold information provided.

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