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Gold Rate in Mysore (24th July 2021)

Jul 24, 2021
4,469 /Gram(22ct) -1

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 4,469 4,470 -1
8 gram 35,752 35,760 -8
10 gram 44,690 44,700 -10
100 gram 4,46,900 4,47,000 -100

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

Gram 24 Carat Gold
Today
24 Carat Gold
Yesterday
Daily Price Change
1 gram 4,876 4,877 -1
8 gram 39,008 39,016 -8
10 gram 48,760 48,770 -10
100 gram 4,87,600 4,87,700 -100

* The above gold rates are indicative and do not include GST, TCS and other levies. For the exact rates contact your local jeweller.

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

Date 22 Carat 24 Carat
Jul 24, 2021 44,690 -10 48,760 -10
Jul 23, 2021 44,700 150 48,770 170
Jul 22, 2021 44,550 -350 48,600 -380
Jul 21, 2021 44,900 -350 48,980 -390
Jul 20, 2021 45,250 250 49,370 280
Jul 19, 2021 45,000 10 49,090 90
Jul 18, 2021 44,990 -10 49,000 -10
Jul 17, 2021 45,000 -250 49,010 -360
Jul 16, 2021 45,250 100 49,370 110
Jul 15, 2021 45,150 250 49,260 270

Weekly & Monthly Graph of Gold Price in Mysore

Historical Price of Gold Rate in Mysore

  • Gold Price Movement in Mysore, June 2021
  • Gold Rates 22 Carat 24 Carat
    1 st June rate Rs.46,100 Rs.50,300
    30th June rate Rs.43,750 Rs.47,730
    Highest rate in June Rs.46,200 on June 3 Rs.50,400 on June 3
    Lowest rate in June Rs.43,750 on June 30 Rs.47,730 on June 30
    Over all performance Falling Falling
    % Change -5.10% -5.11%
  • Gold Price Movement in Mysore, May 2021
  • Gold Price Movement in Mysore, April 2021
  • Gold Price Movement in Mysore, March 2021
  • Gold Price Movement in Mysore, February 2021
  • Gold Price Movement in Mysore, January 2021
  • Gold Price Movement in Mysore, December 2020

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 stay steady

Gold prices in Mysore did not move much as rates in all major Indian cities were steady.

Mysore prices were i lone with most other cities on Monday, which saw little movement.

22 karats Gold rates touched the Rs 45,000 mark in the city, while 24 karats hit the Rs 49,000 mark. In the global markets we saw slight weakness gold and silver starting the week on the soft side after falling during session.

Gold was down -0.30% lower at $1805/oz while silver lost just over 1%. Most of the global markets continued to be worried over the Covid cases in countries like Europe. Crude oil and precious metals fell, following worries over the Delta variant of Covid spreading its wings in Europe. The markets are most likely to stay at these levels and consolidate from here on.

19 July 2021
Gold Prices Trades Flat in Mysore 

The gold prices traded flat in Mysore despite witnessing a fall in the bullion markets amidst the strong dollar. The gold rates in Mysore were recorded at Rs 44,310 for 10 grams of 22 karats and Rs 48,340 for 10 grams of 24 karats. 

In the international forum, spot gold traded at $1,800.30 per ounce, U.S. gold futures at $1,793.40 per ounce. 

The prices of the yellow metal eased in the bullion markets during Monday’s trade session as the U.S. dollar firmed. The U.S. currency and gold share an inverse relationship. A drop in the metal value will pressurize the dollar to move up and vice versa. 

The outbreak of the pandemic crisis has bolstered the precious metal to rally strongly in the bullion market. The prevailing uncertainty has also made the safe-haven bet, the most preferred form of investment amongst investors. 

Gold, the precious metal, acts as a hedge against inflation and currency debasement. 

The stronger-than-expected U.S. employment report has strengthened investor’s focus on the economic data and the U.S. Central Bank’s next move. Further evidence of robust economic revival amidst bubbling inflation rates will cheer the markets. 

Meanwhile, speculators reduced their net long positions in COMEX gold during the week ending June 29, 2021, and raised their net long positions in silver, a report from the U.S. Commodity Futures Trading Commission showed. 

5 July 2021
The gold rates in Mysore edges down

The gold rates in Mysore edged down today following cues in the bullion market amid a stronger dollar.

In the local market, the precious metal prices in Mysore seen trading at Rs.45,800/- per 10 grams of 22-carat gold and Rs.49,970/- per 10 grams of 24-carat gold.

Coming to the international market, the spot gold has seen at $1,883.50 per ounce and U.S gold futures have spotted at $1,885.40 an ounce.

Gold fell today as the US dollar strengthened slightly, with investors focusing on US inflation figures later this week, which could give an idea of how long the Federal Reserve has been holding. will refrain from reducing its monetary support.

While a firmer US dollar and US bond yields both weigh on prices, gold has a very good chance of returning above $ 1,900 per ounce as the environment continues to be very constructive for metal.

Prices rose more than 1% in the previous session after a weaker-than-expected monthly US employment report allayed investor fears about the Fed's upcoming limit on the stimulus monetary.

7 June 2021
The gold rates in Mysore remains stable

The gold rates in Mysore steadied today despite a rise in the overseas market amid a drop in U.S Treasury yields. The precious metal prices in Mysore spotted at Rs.41900/- for 10 grams of 22-carat gold and Rs.45,700- for 10 grams of 24-carat gold.

On the world forum, spot gold was at $ 1,738.40 an ounce and US gold futures at $ 1,730.80 an ounce.

Benchmark 10-year US Treasury yields fell to a one-week low, lowering the opportunity cost of holding the non-yielding metal. The renewed closings have knocked European stocks to hit two-week lows as cases continue to rise. The dispute over the supply of coronavirus drugs has also affected confidence.

The precious metal soared on Wednesday after a pullback in US Treasury yields and mounting concerns about lockdowns in the eurozone. The situation has raised the demand for the yellow metal, which has affected its prices.

However, the firm value of the dollar limited the bullion's rally. The dollar rose to a four-month high against its rival currencies, limiting the appeal of the safe-haven bet.

24 March 2021
Gold rates in Mysore remains stable

Gold rates in Mysore remained unchanged today despite its slight decline in the gold market amid a stronger dollar. In the domestic market, prices for precious metals in Mysore have been estimated at Rs.47,500 /- for 10 grams of 22 karats gold and Rs.51,800/- for 10 grams of 24 karats.

In the bullion market, spot gold was $1,911.32 per ounce and US gold futures were $ 1,912.30 per ounce.

Gold edged up today as US dollar and Treasuries yields strengthened, although hopes of further stimulus in the world's largest economy kept bullion on track for a second gain consecutive weekly.

The dollar has traded at a high level against a basket of six major traded currencies. While higher bond yields increase the opportunity cost of holding unpaid gold.

The Democrats' grip on the United States Senate fueled hopes for major stimulus measures and boosted inflation expectations, bolstering gold's appeal as a hedge against inflation. Investors are now waiting for U.S. non-farm payroll data to be released later today to assess the health of the labor market.

8 January 2021
The gold rates in Mysore increase

The gold rates in Mysore increased slightly following cues in the world market amid a weaker dollar. In the Indian market, the yellow metal prices in Mysore were seen trading at Rs.47,400/- per 10 grams of 22-carat gold and Rs.51,700/- per 10 grams of 24-carat gold.

In the bullion market, the spot gold has seen at $1,880.11 per ounce and U.S gold futures have risen 0.4% to $1,889.50 per ounce.

While a weaker dollar and continued monetary stimulus could propel gold back above $ 1,900, its ability to test new highs this year will depend on political and economic developments in the United States and whether this triggers a refugee claim.

The dollar was down 0.2% against a basket of other major currencies before the 90-minute televised debate between President Donald Trump and his Democratic rival Joe Biden. Investors are also closely watching the prospect of a coronavirus tax package with Democratic lawmakers in the United States.

29 September 2020
The gold rates in Mysore edges high

The gold rates in Mysore edged high following cues in the international market amid a stronger dollar.

In the local market, the precious metal prices in Mysore were seen trading high at Rs.50,760/- per 10 grams of 22-carat gold and Rs.55,370/- per 10 grams of 24-carat gold. In the international market, the spot gold has eased 0.2% to $1,971.52 per ounce and U.S gold futures have 0.1% higher at $1,988 an ounce.

Gold hit a record high in the global market as fears about the economic fallout from rising coronavirus cases strengthened its appeal as a safe haven, before gradually falling as a rising dollar fueled some profit-taking. Rising COVID-19 cases and simmering US-China tensions have shaken hopes for a rapid economic recovery, leading to inflows to safe-haven assets such as gold, which has soared by around 30% to present this year.

The yellow metal prices in Mysore decided by some local jewellery shops association based on the international market.

3 August 2020
The gold rates in Mysore inches down

The gold rates in Mysore inched down slightly today despite its rise in the international market amid a spike in coronavirus cases. In the local market, the yellow metal prices in Mysore were seen trading at Rs.45,680/- per 10 grams of 22-carat gold and Rs.49,830/- per 10 grams of 24-carat gold.

In the international market, the spot gold has risen 0.6% to $1,782.96 per ounce and U.S gold futures have risen 1% to $1,799.20 per ounce. The dollar index which measures the dollar gained against a basket of six major traded currencies.

Gold prices surged today in the bullion market as the bullion was set for its biggest quarterly gain in more than four years as an outbreak of coronavirus cases cast doubt on a rapid global economic recovery. The increase in coronavirus cases in the United States as well as the ongoing U.S-China conflict all point really to the purchase of safe-haven gold.

30 June 2020
The gold rates in Mysore declines

The gold rates in Mysore declined today following cues in the overseas market amid rallied in the equities. In the local market, The yellow metal prices in Mysore were seen trading at Rs.44,300/- per 10 grams of 22-carat gold and Rs.48,320/- per 10 grams of 24-carat gold. In the International market, spot gold has down 0.3% at $1,724.74 per ounce and U.S gold futures have fallen 0.6% to $1,725.10 per ounce.

The precious metal prices fell slightly today in the bullion market as hopes of an economic recovery lifted equity markets, with many countries easing blockages caused by coronaviruses, although Sino-U.S tensions over Hong Kong have limited bullion losses. European stocks hovered near an 11-week high, while U.S equity futures rose 2% and crossed a major graphic barrier as companies around the world gradually reopened after a lockout of several months. In India, many jewellery shops are reopened after a long gap due to coronavirus lockdown with some conditions.

26 May 2020
The gold rates in Mysore climbs

The gold rates in Mysore gained today despite its fell in the international market amid a stronger dollar. In the national market, the yellow metal prices in Mysore were seen trading high at Rs.40,410/- per 10 grams of 22-carat gold and Rs.44,083/- per 10 grams of 24-carat gold.

In the international market, the spot gold has eased 0.2% to $1,683.08 per ounce and U.S gold futures have risen 1% to $1,704.60 an ounce.

Gold prices fell today in the global market due to a stronger dollar and a race for cash following a historic rout in U..S crude oil futures, which dampened demand for the active refuge. Gold may experience longer-term pressures as it is used as a hedge against inflation and falling crude prices tend to increase deflationary pressures in the market.

However, massive monetary and fiscal stimulus from global central banks, particularly the US Federal Reserve, and governments will continue to support gold.

22 April 2020

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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