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Gold Rate in Mysore (18th October 2017)

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
22 Carat Gold
Daily Price Change
1 gram ₹ 2,770 ₹ 2,775 ₹ -5
8 gram ₹ 22,160 ₹ 22,200 ₹ -40
10 gram ₹ 27,700 ₹ 27,750 ₹ -50
100 gram ₹ 2,77,000 ₹ 2,77,500 ₹ -500

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

Gram 24 Carat Gold
24 Carat Gold
Daily Price Change
1 gram ₹ 3,021.80 ₹ 3,027.20 ₹ -5.40
8 gram ₹ 24,174.40 ₹ 24,217.60 ₹ -43.20
10 gram ₹ 30,218 ₹ 30,272 ₹ -54
100 gram ₹ 3,02,180 ₹ 3,02,720 ₹ -540

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

Date 22 Carat 24 Carat
Oct 17, 2017 ₹ 27,700 ₹ 30,218
Oct 16, 2017 ₹ 27,750 ₹ 30,272
Oct 14, 2017 ₹ 27,830 ₹ 30,360
Oct 13, 2017 ₹ 27,810 ₹ 30,338
Oct 12, 2017 ₹ 27,800 ₹ 30,327
Oct 11, 2017 ₹ 27,750 ₹ 30,272
Oct 10, 2017 ₹ 27,720 ₹ 30,240
Oct 9, 2017 ₹ 27,700 ₹ 30,218
Oct 8, 2017 ₹ 27,500 ₹ 30,000
Oct 7, 2017 ₹ 27,600 ₹ 30,109

Weekly & Monthly Graph of Gold Price in Mysore

Historical Price of Gold Rate in Mysore

  • Gold Price Movement in Mysore, September 2017
  • Gold Rates 22 Carat 24 Carat
    1 st September rate Rs.27,850 Rs.30,381
    30th September rate Rs.27,800 Rs.30,373
    Highest rate in September Rs.28,750 on September 1 Rs.31,636 on September 1
    Lowest rate in September Rs.27,500 on September 20 Rs.29,730 on September 20
    Over all performance Falling Falling
    % Change -0.18% -0.03%
  • Gold Price Movement in Mysore, August 2017
  • Gold Price Movement in Mysore, July 2017
  • Gold Price Movement in Mysore, June 2017
  • Gold Price Movement in Mysore, May 2017
  • Gold Price Movement in Mysore, April 2017

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

Gold rates in Mysore to fall

In the international markets, Spot gold had slipped 0.3 per cent and was trading around $1,262 per ounce. The gold fell due to the strong Dollar. The U.S. economy seems to be stable enough for the Fed to cut its bond holdings in September. This economic data supported the Dollar well and let it stayed firm. Though, a lot of investors were planning to move on to the gold due to the continuous fall in the Dollar price from the past three weeks. The steady Dollar had brought them back and letting investors stick on to the bonds.

22 karats gold in Mysore which was at Rs 26,800 may trade back at regular prices below the Rs 26,500. But today it dosesn't seem to go below it as the prices may not see a fall big today. If the fall in the price of gold in the global markets continuous then gold in Mysore may trade at its normal price.

3 August 2017
Gold rates in Mysore to gain

Gold price in Mysore to gain as the gold in the International Markets rises to six-week high. After the statement from the Fed, Dollar fell against the basket of the Major Currencies. In the International markets, not only gold but all the precious metals rose. Spot gold surged by 0.3 per cent and was trading around $1,264 per ounce. Silver advanced by 0.6 per cent and is trading around $16.73 per ounce. Platinum climbed by 0.4 per cent and was trading at $932.80 per ounce. Palladium moved up by 0.1 per cent and was trading at $866 per ounce.

This upward movement can be seen on the MCX as well. Gold on the MCX rose up by 0.56 per cent and was trading at Rs 28,543. Silver is up by almost one per cent and was trading at Rs 38,473. For investors in Mysore who are having gold in their portfolio, the gains in the International Markets and on the MCX are increasing the expectations that the price of gold may cross Rs 27,000 mark today.

27 July 2017
Gold price in Mysore on an upward trend

Gold price in Mysore continues to trade up. The procedural vote to repeal or replace Obamacare remained unclear. Due to the political tensions, Dollar fell to a 13 month low against major currencies and is struggling. The fall in the Dollar gave support to the gold internationally. The rise in the gold price Internationally supported the gold price in Mysore and drove it to trade above Rs 26,750. If we see from the starting of the month, gold price in Mysore is trading below the Rs 27,000 mark. If the political tensions in the International Markets continue by the end of the month we may see gold price in Mysore trading above Rs 27,000 mark.

ECB chief Mario Draghi comments, Decline in the chances for the increase in the Fed Interest rates, Political problems between the Republican senates and the US President Donald Trump about the removal of Obamacare, etc. All have put some pressure on the Dollar and is supporting the gold in Mysore to rise up.

24 July 2017
Flat gold rates in Mysore ahead of the policy meet

Gold prices in Mysore were flat ahead of the policy meeting of Japan and European Central Bank. Investors are expecting some hints from Central Banks meet. The Bank of Japan continued monetary policy steady and forced upon the timing for reaching its two per cent inflation target. Investors continued to be cautious and headed towards the European Central Bank meeting where there are expectations of a more hawkish position. Few investors Invest on gold on declines and make money in long term. For them, they can use this chance, as the prices are trading below Rs 26,500 and may trade a little lower.

In the Global Markets, Spot gold had sunk by 0.2 per cent and was trading around $1,238 per ounce. There are chances that this can be seen in the gold price in Mysore as well 22 karats gold price in Mysore was trading at Rs 26,350 and it may trade below Rs 26,300. Similarly, 24 karats gold price may trade at lower levels.

20 July 2017
Firm dollar pushes gold price in Mysore Down

A firm dollar and steady Asian equities pushed Gold prices in the international markets further lower. Spot gold had slipped 0.2 per cent and trading at $1,210 per ounce. A fall in the gold price in the international markets also may push down gold price in Mysore as well. Gold futures for August delivery were almost level and were trading around $1,210 per ounce. The expectations of a rise in the interest rate have some effect on the gold price in Mysore.

Long-term investors may see this as a good time as gold prices are trading very low. The chances are low that gold in Mysore will see a rally in the prices. It seems that investors may continue their bets on the stocks not on the the precious metal. Until there is some uncertainty in the international markets, there is no chance that there will be some upward trend in the gold price in Mysore.

10 July 2017
Gold price in Mysore to slide

Gold fell slightly as a rally in global stock markets saw investor urge fade for the precious metal. The demand for the metal dropped after the dollar sees some rise after hitting a nine-month low. In the International markets Spot gold dropped 0.3 per cent and was trading around $1,238 per ounce and the U.S. gold futures for August delivery down by 0.4 per cent and is trading at $1,237.70 per ounce.

On MCX gold and silver price fell similarly. Gold decreased by 0.3 per cent and is trading at Rs 28,353. Silver dropped by 0.2 per cent and is trading at Rs 38,250. The price is on a downward trend from past one month in Mysore due to various global uncertainties. 22 karats and 24 karats gold price in Mysore is down by nearly 0.36 per cent last month. In the month June, 22 karats Gold price in Mysore opened around Rs 27,450 and closed at Rs 27,300. 24 karats gold price opened nearby Rs 29,900 and closed at Rs 29,750.

3 July 2017

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.