• Gold Rate in Mysore

    Daily Gold Rates
    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    10 Dec 2018 ₹ 2,950 ₹ 23,600 ₹ 3,098 ₹ 24,784
    09 Dec 2018 ₹ 2,950 ₹ 23,600 ₹ 3,098 ₹ 24,784
    08 Dec 2018 ₹ 2,903 ₹ 23,224 ₹ 3,048 ₹ 24,384
    07 Dec 2018 ₹ 2,900 ₹ 23,200 ₹ 3,045 ₹ 24,360
    06 Dec 2018 ₹ 2,900 ₹ 23,200 ₹ 3,045 ₹ 24,360
    05 Dec 2018 ₹ 2,895 ₹ 23,160 ₹ 3,040 ₹ 24,320
    04 Dec 2018 ₹ 2,860 ₹ 22,880 ₹ 3,003 ₹ 24,024
    03 Dec 2018 ₹ 2,840 ₹ 22,720 ₹ 2,982 ₹ 23,856
    02 Dec 2018 ₹ 2,840 ₹ 22,720 ₹ 2,982 ₹ 23,856
    01 Dec 2018 ₹ 2,840 ₹ 22,720 ₹ 2,982 ₹ 23,856

    *Disclaimer: Bankbazaar makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are susceptible to change with Market value and provided on an as-is basis. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. We accept no liability for any loss arising from the use of the data contained on this website.

    Gold Price in Mysore

    Gold rate in Mysore reflect the overall demand for the yellow metal across India, which in all probability, will remain the world's biggest consumer of gold this year, racing past China. Consumer demand in India increased by 15% to 192 tonnes this year affecting gold rates in Mysore and across the country. South India has traditionally been the largest consumer of gold in the country with several major jewelry chains spread across the region for expansion and consolidation. According to market experts, all the southern states including Karnataka account for over 40% of India’s demand for the yellow metal. Mysore has a rich history and culture with widespread use of gold, most famously, the Golden Throne, the royal seat of the rulers of the erstwhile Kingdom of Mysore. Like the rest of India, Gold in Mysore is available in varying weights such as grams and carat. Gold rates in Mysore differ depending on whether it is 24 carat gold or 22 carat.

    Trend of Gold Rate in Mysore for October 2018 (rates per gram)

    Parameters Gold price (24 carat)
    October 1 Rate Rs.3,017 per gram
    October 31 Rate Rs.3,140 per gram
    Highest Rate in October Rs.3,140 per gram on 31 October
    Lowest Rate in October Rs.3,014 per gram on 2 October
    Overall Monthly Performance Incline
    Percentage Change 4.07%

    Trend of Gold Rate in Mysore for September 2018 (rates per gram)

    Parameters Gold price (24 carat)
    September 1 Rate Rs.2,984 per gram
    September 30 Rate Rs.3,017 per gram
    Highest Rate in September Rs.3,035 per gram on 26 September
    Lowest Rate in September Rs.2,972 per gram on 3 and 4 September
    Overall Monthly Performance Incline
    Percentage Change 1.10%

    Trend of Gold Rate in Mysore for August 2018 (rates per gram)

    Parameters Gold price (24 carat)
    August 1 Rate Rs.3,146 per gram
    August 31 Rate Rs.3,082 per gram
    Highest Rate in August Rs.3,165 per gram on 6 and 7 August
    Lowest Rate in August Rs.3,082 per gram on 31 August
    Overall Monthly Performance Decline
    Percentage Change -2.03%

    August 2018 - Week 1 (1 - 5)

    • Gold was traded at  Rs.2,964 per gram in Mysore on 1 August 2018.
    • The demand for the metal was steady before the central bank’s monetary policy review.
    • Due to poor domestic demand, gold prices fell marginally and traded at Rs.2,930 per gram on 2 August.
    • Gold prices fell further as the value of the US dollar rose and traded at Rs.2,914 per gram on 3 August.
    • The gold prices in Mysore fell considerably during the first week of the month as the value of the US dollar increased.
    • Gold closed at Rs.2,914 per gram on 5 August.

    August 2018 - Week 2 (6 - 12)

    • As the demand from local jewellers, industrial units, and retailers remained stable, no changes in gold prices were recorded on the first day of the month.
    • Gold continued to trade at Rs.2,914 per gram from 6 to 9 August as the demand for the metal was constant.
    • However, on 10 August, gold prices in Mysore fell and traded at Rs.2.909 per gram and remained unchanged the next day.
    • On the last day of the week, a slight increase in gold rates was noted. The metal traded at Rs.2,919 per gram on this day.

    August 2018 - Week 3 (13 - 19)

    • On 13 August 2018, gold was priced at Rs.2,919 per gram in Mysore.
    • Gold prices surged and traded at Rs.2,930 per gram on 14 August as the US dollar was losing its ground.
    • However, on 15 August, gold prices fell to Rs.2,919 per gram as the value of the US dollar started to recover.
    • On 17 August, the lowest gold rate for the month of August was recorded in Mysore when the metal traded at Rs.2,888 per gram.

    August 2018 - Week 4 (20 - 26)

    • A slight increase in gold rates was noted on 20 August when the precious metal traded at  Rs.2,898 per gram.
    • A week after President Trump criticized the Federal Reserve for raising the US interest rates, the value of the US dollar started to fall which increased the gold rates in Mysore.
    • Gold prices surged to Rs.2,909 on 22 August and increased further to Rs.2,919 per gram on 23 August.
    • However, gold prices could not continue to rise as the demand for the metal from retailers and domestic players fell.
    • Gold closed at Rs.2,914 on 26 August.

    August 2018 - Week 5 (27 - 31)

    • Gold continued to trade at Rs.2,914 per gram on the 27 August.
    • As the US dollar index lost against a basket of major emerging currencies, the demand for gold in Mysore pick up.
    • On 28 August, the highest gold rate for the month of August was recorded in Mysore when the metal traded at Rs.2,964 per gram.
    • Gold closed at Rs.2,959 per gram on 30 and 31 August with subdued but steady demand from local industries and jewellers.

    Trend of Gold Rate in Mysore for July 2018 (rates per gram)

    Parameters Gold price (24 karat)
    July 1 Rate Rs.2,993 per gram
    July 31 Rate Rs.2,940 per gram
    Highest Rate in July Rs.3,014 per gram on 7, 10, and 11 July
    Lowest Rate in July Rs.2,940 per gram on 25, 28, and 31 July
    Overall Monthly Performance Decline
    Percentage Change -1.77%

    July 2018- Week 1 (1-6)

    • The month began with the Gold rate standing at Rs.2,993 per gram, a slight drop from the last month which can be associated with the dollar price strengthening.
    • Gold prices crept up slightly on 5 July to Rs.3,008 per gram as the dollar dropped slightly, and trade policies regarding the Federal Reserve increasing interest rates created tension in the economy.
    • Gold rates rose marginally over the following few days as the dollar eased ahead of the Federal Reserve's policy meeting (Fed Minutes) for July.
    • The Gold rate for Mysore remained stable at the end of the week as it stood at Rs. 3,008 per gram.

    July 2018- Week 2 (7-13)

    • The precious metal started off at Rs.3,014 at the beginning of Week 2, a small detriment when compared to the end of last week. This was despite a slight decline in dollar rates.
    • In spite of the dollar weakening, Gold rates in Mysore remained stable for the next few days at Rs.3,008 per gram from 8 - 9 July.
    • The price of the metal in Mysore declined further caused due to an increased dollar while the trade spat between China and the USA escalated. The metal’s price on 12 and 13 July stood at Rs.3,003 per gram respectively.
    • The price of the metal in Mysore, at the end of Week 2, remained at Rs.3,003 per gram.

    July 2018- Week 3 (14-20)

    • Gold price in Mysore commenced at Rs.2,972 at the start of Week 3, a decline in the price of the metal from the end of Week 2.
    • The dollar price continued to climb, which did not have a substantial effect on the gold price in Mysore for the coming few days. As on 14 July up to 17 July, the Gold rate stood at around Rs.2,972 per gram.
    • Even weak demand for the precious metal unaffected its rate in Mysore.
    • US dollar dropped from a three-week high on 19 July, which surprisingly lead to the detriment of Gold rates in Mysore. It stood at Rs.2,940 per gram on 19 July.
    • At the end of the week, the Gold rate in Mysore stood at Rs.2,942 per gram.

    July 2018- Week 4 (21-31)

    • The week started off with the Gold price in Mysore amounting to Rs.2,945 per gram, the same price as recorded at the end of Week 3.
    • US dollar declined to a two-week-low on 23 July, which did not led to the increment in the Gold prices in Mysore. The Gold rate on 23 July stood at Rs.2,956 per gram.
    • On 24 July the US treasury yields rose, which did not alter Gold rates in Mysore. The Gold rate stood stagnant at Rs.2,956 per gram.
    • On 26 July, the Gold rate decreased despite a slip in the US dollar after the President of USA, Donald Trump and European Commission President Jean-Claude Juncker agreed to work towards eliminating trade barriers. The price of Gold in Mysore stood at Rs.2,945 per gram.
    • The Gold rate then remained relatively stable through the remaining of the month, and at the end of the month, the price in Mysore was recorded at Rs.2,940. The percentage change of Gold rate in Mysore was recorded to be -1.77%.

    Trend of Gold Rate in Mysore for June 2018 (rates per gram)

    Parameters Gold price (24 karat)
    June 1 Rate Rs.3,066 per gram
    June 30 Rate Rs.2,998 per gram
    Highest Rate in June Rs.3,066 per gram on 1 June
    Lowest Rate in June Rs.32,998 per gram on 30 June
    Overall Monthly Performance Decline
    Percentage Change -2.21%

    June 2018 - Week 1 (1 - 10):

    • When trading started in the heritage city of Mysore, gold was priced at Rs.3,066 per gram. Demand was on the lower side this week, and it kept falling as the days progressed.
    • This dropped to Rs.3,045 per gram on the 2nd - like in all the other Indian cities and the world - as the US dollar was buoyant ahead of the soon-to-be-released US payrolls data.
    • On the 3rd and 4th, gold continued to trade at Rs.3,045 per gram as demand was slightly stable, thanks to local investors.
    • However, gold rate in Mysore dropped to Rs.3,029 per gram on the 5th as cues weakened elsewhere after the US dollar rose.
    • As gold is a dollar-based commodity, any rise in the currency will have a negative impact on prices, which in turn will have an adverse effect on the demand.
    • After consistent falls for over seven days, gold rates went up to Rs.3,035 per gram on the 8th before rising again to Rs.3,056 per gram as demand in most Indian cities surged.
    • The week ended with gold continuing to trade at Rs.3,056 per gram at the time of closing.

    June 2018 - Week 2 (11 - 17):

    • The second week of June began on the 11th with gold opening at Rs.3,056 per gram which then fell to Rs.3,045 per gram the next day after the US-North Korea summit went ahead as planned after multiple talks of cancellations.
    • On the 13th, gold traded at Rs.3,045 per gram before surging to Rs.3,101 per gram the next day after the Fed Reserve meeting seemed to hinder the investors.
    • After the outcome turned out to be better for investors and gold rates in Mysore dropped to Rs.3,066 per gram - Rs.35 fall from the previous day.
    • The week drew to a close with prices falling due to weak sales in the domestic market owing to weak buyer sentiments.

    June 2018 - Week 3 (18 - 24):

    • The third week began on a much weaker note with gold being priced at Rs.3,045 per gram. This fell to Rs.3,035 per gram the next day after the dollar seemed to increased against a host of currencies.
    • Demand seemed to slow down for much of this month, after the US dollar remained buoyant and market analysts were positive that an interest rate hike was in the cards later in the year.
    • Gold traded at Rs.3,035 per gram on the 20th as well before dropping to Rs.3,024 per gram the next day.
    • On the 22nd, gold was priced at Rs.3,040 per gram after a brief surge in demand was recorded on this day.
    • This then dropped to Rs.3,008 per gram - a Rs.32 per gram drop - on the 23rd before holding on at this rate on the final day of the week.

    June 2018 - Week 4 (25 - 30):

    • The final week of June opened with gold prices still holding at Rs.3,008 per gram. Like in the previous weeks, gold rates in Mysore were on the decline this time as well due to poor demand.
    • On the 26th, rates went up to Rs.3,014 per gram as there was a brief surge in demand before rising to Rs.3,134 per gram on the 27th.
    • Over the 28th and 29th, gold was priced at Rs.3,014 per gram as there was sustained demand for the metal in the city.
    • When the month of June came to an end, gold was priced at Rs.2,998 per gram - a Rs.16 decline from the previous day’s rates.
    • In Mysore, gold price trends fell by 2.21%, owing to poor cues and weakened sales ahead of a burgeoning US dollar.

    Trend of Gold Rate in Mysore for May 2018 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    May 1 Rate Rs.3,060 per gram
    May 31 Rate Rs.3,061 per gram
    Highest Rate in May Rs.3,103 per gram on 14 May
    Lowest Rate in May Rs.3,045 per gram on 4 and 22 May
    Overall Monthly Performance Incline
    Percentage Change 0.03%

    May 2018 - Week 1 (1 - 6):

    • Gold rates in Indore opened on a rather strong note for the month of May as demand was on a slight incline.
    • The precious metal continued to trade at Rs.3,219 per gram till the 3rd as local demand remained steady and prices remained unchanged.
    • However, demand seemed to be on the decline as the week progressed as the US dollar was started off on an improvement path.
    • When the week ended, the yellow metal was seen trading at Rs.3,213 per gram - a Rs.6 decline from the previous day’s rates.

    May 2018 - Week 2 (7 - 13):

    • When the second week of May began in Indore, gold was priced at Rs.3,228 per gram - a sharp Rs.15 incline from the rates seen during the previous week’s closing hours.
    • There was very little change in demand for the remaining few days as demand from jewellers, retailers among others helped gold rates to remain unchanged.
    • When the week closed on the 13th, the metal’s prices were still seen holding at Rs.3,228 per gram.

    May 2018 - Week 3 (14 - 20):

    • The initial few days of week 3 saw gold prices remain the same as demand from the local market was steady.
    • On the 14th, when the week began, gold was seen trading at Rs.3,228 per gram, which held on till the closing hours of the 16th.
    • However, prices dropped by Rs.23 to Rs.3,205 per gram on the 17th as the US dollar surged against a basket of currencies and bullion rates declined.
    • For the remaining few days of the week, gold demand was low yet steady and it continued at Rs.3,205 per gram till the closing hours of the week.

    May 2018 - Week 4 (21 - 27):

    • The fourth week of May recorded a few changes with regards to gold trading as demand rose and fell over this period.
    • When the week began on the 21st, the metal was priced at Rs.3,205 per gram  - no change from the previous day’s rates.
    • Gold continued to trade at Rs.3,205 per gram till the 24th before rising the next day after the dollar fell.
    • Once the Federal Reserve announced that it will keep the interest rates changed, gold rates in Indore went up to Rs.3,228 per gram.
    • This rise was due to a strong rise in global demand and cues improved in the local market as well.

    May 2018 - Week 5 (28 - 31):

    • The final week of May began with gold opening at Rs.3,228 per gram before continuing at this rate for the next two days as well.
    • On the final day of the month, i.e., the 31st, gold rates dropped to Rs.3,208 per gram - a Rs.20 per gram decline as local demand fell.
    • Gold price trends in Indore dropped by 0.34% this month due to sudden drop recorded on the final day of May.
    • Overall, gold’s performance was weak this month due to poor cues this month from the global market, which failed to capitalise on the fall of the US dollar and the Fed Reserve’s decision to keep the rates unchanged.
    • Both events had a bearing on the US dollar and gold trading remained sluggish despite that.

    Trend of Gold Rate in Mysore for April 2018 (rates per gram for 24 karat gold)

    Parameters Gold price (24 karat)
    Gold Rate on 1st April 2018 Rs.3,019 per gram
    Gold Rate on 30th April 2018 Rs.3,077 per gram
    Highest Rate in April Rs.3,098 per gram on 19 and 20 April
    Lowest Rate in April Rs.3,005 per gram on 7 April
    Overall Monthly Performance Incline
    Percentage Change 1.92%

    April 2018- Week 1 (1st - 7th)

    • Influenced by US-China trade tensions and an easing dollar, the opening price of gold on 1st April was Rs.3,019 per gram.
    • The price of the precious yellow metal remained steady for the first 3 days of the month at Rs.3,019 per gram but increased to Rs.3029 per gram on 4th April due to geopolitical developments, especially the escalation of China-US tensions.
    • Gold rate in Mysore took a downward plunge during the last few days of the week, reaching its lowest price in April, which is Rs.3,005 per gram on 7 April.
    • The price of the safe-haven assets took a beating in the last few days of the week due the increase of the US Dollar amidst US jobs data.

    April 2018- Week 2 (8th - 15th)

    • The gold rate in Mysore climbed up in the second week of April, reaching Rs.3,019 per gram but slipped the very next day to Rs,3,014 per gram due to the firming up of the US Dollar amidst fears of trade war.
    • The price of gold remained the same of the next day but shot up again to Rs.3,019 per gram on 11th April as the US Dollar weakened due a number of geopolitical factors.
    • The demand for the safe-haven asset saw a steady rise on 12th April, reaching Rs.3,040 per gram and consequently Rs.3,069 per gram on 13th April. This rise can be attributed to the rising tensions over Syria.
    • The week came to an end on a low note, as gold price in Mysore dipped gain to Rs.3,061 per gram.

    April 2018- Week 3 (16th - 22nd)

    • The gold markets opened on a steady note at Rs.3,061 per gram but prices gradually increased over the course of the next few days.
    • As far as the 3rd week of April is concerned, gold price in Mysore peaked due to factors such as the missile strikes against Syria.
    • The gold rate in Mysore reached its highest in the month during this week to Rs.3,098 per gram on 19th April, remaining the same on the next day as well.
    • Towards the end of the week, the price went down on 21st April to Rs.3.087 per gram but spiked again the next day to Rs.3,092 per gram.

    April 2018- Week 4 (23rd - 30th)

    • On 23rd April, the price of gold was Rs.3,092 per gram, which was a rather a steady opening.
    • The next day the price fell to Rs.3,077 per gram as the US Dollar was influenced by the rise in treasury bond yields.
    • The gold rate in Mysore remained the same from 24th to 27th April at  Rs.3,077 per gram but fell to Rs.3,071 per gram on 28th April due to a stronger US Dollar.
    • The gold price in Mysore on the last day of the month was Rs.3,077 per gram.

    Trend of Gold Rate in Mysore for March 2018 (rates per gram for 24 karat gold)

    Parameters Gold price (24 karat)
    Gold Rate on 1st March Rs.3,014 per gram
    Gold Rate on 31st March Rs.3,019 per gram
    Highest Rate in March Rs.3,045 per gram on 25, 26, 28 and 29 March
    Lowest Rate in March Rs.2,977 per gram on 19 March
    Overall Monthly Performance Incline
    Percentage Change 0.16%

    March 2018 - Week 1 (1st - 4th):

    • Gold opened at Rs.3,014 per gram on the 1st of March - a relative strong note - before declining to Rs.2,987 per gram on the 2nd.
    • The steep Rs.27 drop was largely due to poor local demand even though global cues remained considerably steady.
    • However, gold rates went up to Rs.3,007 per gram on the 3rd, thanks to a strong local demand.
    • On the 4th, prices dipped slightly to end the week at Rs.3,003 per gram.

    March 2018 - Week 2 (5th - 11th):

    • The second week began with gold rates still continuing at Rs.3,003 per gram before rising to Rs.3,008 per gram on the 6th.
    • A slowdown in demand brought prices down to Rs.2,998 per gram, which then surged to Rs.3,019 per gram on the 8th of March.
    • As demand was highly topsy-turvy, rates fell again to Rs.2,993 per gram on the 9th before moving up slightly to Rs.2,998 per gram on the 10th.
    • When the week ended, gold prices were holding at Rs.2,998 per gram.

    March 2018 - Week 3 (12th - 18th):

    • Gold prices had dropped further over the weekend due to pure cues and the metal traded at Rs.2,987 per gram.
    • The metal continued to trade at Rs.2,987 per gram the next day before rising to Rs.3,003 per gram on the 15th of the month.
    • This dropped again on the 16th and the metal’s rates fell to Rs.2,982 per gram - a Rs.21 decline from the previous day.
    • Demand remained muted during the next two days and gold continued to trade at Rs.2,982 per gram on the 17th and 18th respectively.

    March 2018 - Week 4 (19th - 25th):

    • When the fourth week of March started, the yellow metal’s rates had dropped to Rs.2,977 per gram as the US dollar remained strong while international demand was weak.
    • Thanks to a shaky equity market, gold bounced back against the dollar’s stronghold to trade at Rs.2,993 per gram on 20th March.
    • The 21st saw prices remain the same before dropping to Rs.3,014 per gram as demand went up.
    • Talks of the Federal Reserve taking a sterner approach to curb the inflation rose causing markets to plummet and gold prices to rise. Gold prices went up to Rs.3,035 per gram on the 23rd, which continued on till the 24th as well.
    • The final day of this week saw gold prices rise to Rs.3,045 per gram as markets were still struggling to recover.

    March 2018 - Week 5 (26th - 31st):

    • Gold prices in Mysore fluctuated considerably, with a sharp decline recorded on one of the days of this week.
    • On the 26th, gold was still continuing at Rs.3,045 per gram, which then dropped to Rs.3,040 per gram the next day.
    • The 28th saw gold rates come back up to Rs.3,045 per gram and trade at this rate till the closing hours of the 29th.
    • As domestic demand declined amidst a rising dollar, gold rates went down to Rs.3,014 per gram on the penultimate day of the month.
    • The final day of March saw a slight increase in prices and gold traded at Rs.3,019 per gram.
    • All in all, gold price trends saw a marginal 0.16% incline this month and March turned out to be a rather topsy-turvy period for bullion investors.

    Trend of Gold Rate in Mysore for February 2018 (rates per gram for 24 karat gold)

    Parameters Gold price (24 karat)
    Gold Rate on 1st February 2018 Rs.2,998 per gram
    Gold Rate on 28th February 2018 Rs.3,014 per gram
    Highest Rate in February Rs.3,031 per gram on 19 February
    Lowest Rate in February Rs.2,951 per gram on 8 February
    Overall Monthly Performance Incline
    Percentage Change 0.53%

    February 2018 - Week 1 (1 - 4):

    • Gold rates in Mysore fluctuated considerably over the course of this week. When trading began for the month, the metal traded at Rs.2,998 per gram.
    • On the 2nd, gold price in Mysore rose by Rs.21 for the metal to trade at Rs.3,019 per gram as equity markets seem to underperform.
    • However, demand took a hit on the 3rd and prices dropped to Rs.2,993 per gram on the 3rd and continued on at this rate towards the end of the week.

    February 2018 - Week 2 (5 - 11):

    • When the second week began, gold rate in Mysore were still seen holding at Rs.2,993 per gram.
    • This surged to Rs.3,014 per gram on the 6th of February as demand rose considerably before falling again on the 7th.
    • A negative difference of Rs.35 was recorded from the rates on the 6th to that of the next day as local demand was heavily affected by the happenings in the global market.
    • Prices declined further on the 8th and gold rates went down to Rs.2,951 per gram - the month’s lowest rates - as investors decided to cut their losses.
    • As the US dollar fluctuated, gold prices mounted on a recovery path, trading at Rs.2,962 per gram on the 9th of the month.
    • With demand from domestic circles remaining low but steady, gold price in Mysore were unchanged over the last two days of Feb week 2.

    February 2018 - Week 3 (12 - 18):

    • The third week blazed on the positive path set by the previous week’s trading, leading to considerable gain in prices.
    • When the week began on the 12th, the yellow metal traded at Rs.2,972 per gram. Gold rate in Mysore remained the same on the 13th as demand held steady.
    • On the 14th, rates rose to Rs.2,988 per gram. This was due to the US dollar weakening amid the impending release of the inflation data.
    • The 15th again saw gold prices rise - this time to Rs.3,017 per gram - as local demand picked up despite an upswing in the US dollar rates.
    • Over the next three days, gold made slow and marginal gains as markets continued to remain volatile.Gold price in Mysore were recorded at Rs.3,017 per gram on the 16th, which then surged to Rs.3,026 per gram on the 17th of February.
    • The week drew to a close with gold rates still holding at Rs.3,026 per gram.

    February 2018 - Week 4 (19 - 25):

    • Change in overnight trading positions pushed gold price in Mysore up to Rs.3,031 per gram when the fourth week began.
    • As equity markets stabilised and as the US dollar improved because of it, gold rates took a hit amid poor trading. The metal sold at Rs.3,014 per gram on the 20th.
    • Poor global cues and a reduced local demand caused gold to trade at Rs.3,014 per gram over the 21st and the 22nd of the month as well.
    • Investors were wary of making further investments, which pushed gold rate in Mysore down further to Rs.2,998 per gram on the 23rd.
    • The drastic decline seemed like a one-off event and gold prices rose to Rs.3,008 per gram the next day and continued on to the end of the week.

    February 2018 - Week 5 (26 - 28):

    • The final week saw gold price in Mysore rise slowly as demand seemed to be on the rise.
    • On the 26th, gold was still selling at Rs.3,008 per gram, which then rose to Rs.3,014 per gram the next day.
    • When the month came to an end, the yellow metal was seen trading at Rs.3,014 per gram.
    • Gold rate in Mysore inclined by 0.53% this month, thanks to an improved local demand and a volatile US dollar.

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    Trend of Gold Rate in Mysore for January 2018 (rates per gram for 24 karat gold)

    Parameters Gold price (24 karat)
    Gold Rate on 1st January 2018 Rs.2,941 per gram
    Gold Rate on 31st January 2018 Rs.2,998 per gram
    Highest Rate in January Rs.2,941 per gram on 1 January
    Lowest Rate in January Rs.3,020 per gram on 16 January
    Overall Monthly Performance Incline
    Percentage Change 1.93%

    January 2018 - Week 1 (1 - 7):

    • When gold trading started in Mysore for the first day of 2018, gold was priced at Rs.2,941 per gram.
    • This increased to Rs.2,953 per gram on the 2nd of the month because the US dollar remained weak and cues from the global market remained positive.
    • On the 3rd, gold rates in Mysore remained unchanged at Rs.2,953 per gram as demand remained steady.
    • The next day, however, saw gold price in Mysore drop to Rs.2,947 per gram as local demand took a hit.
    • The US dollar seemed to lose its standing in the index, which caused gold rates to hit Rs.2,966 per gram on the 5th of January.
    • A slight decline in rates was recorded on the 6th and gold traded at Rs.2,963 per gram which then continued on till the closing hours of the week.

    January 2018 - Week 2 (8 - 14):

    • When gold trading commenced for the second week of January, prices were recorded at Rs.2,963 per gram.
    • Prices went up to Rs.2,969 per gram the next day as there was a positive trend overseas which helped with the domestic demand.
    • However, gold rate in Mysore plunged down to Rs.2,958 per gram on the 10th as equities market were performing well owing to the US dollar picking itself up.
    • The 11th saw the dollar lose its ground against a basket of other emerging currencies as a result of which gold rates rose to Rs.2,976 per gram.
    • Prices surged further to Rs.2,988 per gram on the 12th before stabilising at Rs.3,000 per gram. Rates recorded on the 13th were the highest for the last seven weeks, which was made possible by a rather poor dollar.
    • Strong global cues and steady local demand from industries and jewellers kept gold prices in the Rs.3,000 per gram range when the week came to an end.

    January 2018 - Week 3 (15 - 21):

    • Gold opened on a weak note when the third week began of January began in Mysore. The yellow metal was priced at Rs.3,000 per gram on the 15th of January.
    • Rates surged significantly to trade at Rs.3,024 per gram on the 16th as demand picked up while the dollar continued to struggle.
    • As the week progressed demand seemed to subside, this cause the yellow metal to trade at Rs.3,020 per gram on the 17th of January.
    • With the US dollar mounting a comeback against other currencies, gold rates in Mysore dropped to Rs.3,004 per gram on the 18th.
    • Thanks to a declining US dollar amid concerns over the government shutting down, gold prices fell to Rs.3,007 per gram on the 19th of the month.
    • Once the US government shut down, gold rate inclined to Rs.3,019 per gram on the 20th of and the 21st of January.

    January 2018 - Week 4 (22 - 28):

    • When the fourth week of January began in Mysore, gold was priced at Rs.2,960 per gram
    • Gold rates in Mysore increased to Rs.2,970 per gram on the 23rd of January, keeping in tune with the trends seen in other major metropolises in the country.
    • As demand from jewellers rose, gold rates went up to Rs.2,977 per gram on the 24th of the month.
    • The 26th recorded a Rs.31 increase in gold rates as local demand matched the trend in the international market, where a weakened dollar paved the way for higher gold sales.
    • However, on the 27th, gold rates dropped to Rs.3,003 per gram as purchases from domestic buyers decreased.
    • With demand remaining mostly flat, gold was last seen trading at Rs.3,003 per gram on the 28th of the month.

    January 2018 - Week 5 (29 - 31):

    • Gold opened at Rs.2,988 per gram when the fifth week of January began. This then continued towards the next day as well as demand was steady.
    • On the final day of the month, gold was seen trading at an increased price of Rs.2,998 per gram.
    • Overall, Mysore recorded a 1.98% incline in gold prices this month, thanks to a steady rise in demand and a poorly performing US dollar.

    Trend of Gold Rate in Mysore for December 2017 (rates per gram for 24 karat gold)

    Parameters Gold price (24 karat)
    Gold Rate on 1st December 2017 Rs.2,932 per gram
    Gold Rate on 31st December 2017 Rs.2,941 per gram
    Highest Rate in December Rs.2,942 per gram from 2 to 4 December and 29 December
    Lowest Rate in December Rs.2,859 per gram on 13 December
    Overall Monthly Performance Incline
    Percentage Change 0.30%

    December 2017 - Week 1 (1st to 10th)

    • The bullion trade in Mysore were greatly impacted by the strong US dollar index compounded by the approval of the country’s biggest tax system overhaul in thirty years.
    • When the month began, the yellow metal was recorded trading at Rs.2,932 per gram on the 1st.
    • With the dollar weakening after the tax reform plan was interrupted by the US Senate, prices rose to Rs.2,942 per gram on the 2nd.
    • However, with the tax bill moving forward through a vote during the week, prices plunged to Rs.2,906 per gram on the 5th.
    • Gold prices in Mysore dropped to Rs.2,896 per gram on the 8th as the US dollar rose significantly against other major emerging currencies.
    • A steady but subdued demand amid the poor trend overseas led to gold rates finish at Rs.2,870 per gram on the 10th.

    December 2017 - Week 2 (11th to 17th)

    • When trading commenced for the second week, gold rates had dropped to Rs.2,866 per gram on the 11th.
    • However, on the 14th, gold rate in Mysore rebounded to Rs.2,883 per gram as a result of the interest rate hike by the Federal Reserve which proved to be unfavorable for equity markets around the world.
    • But with the dollar gaining against other major emerging currencies, prices declined again towards the end of the week.
    • On the 15th, the yellow metal was recorded trading at Rs.2,864 per gram amid the poor trend overseas.
    • The rest of the week witnessed gold rate in Mysore holding steady at Rs.2,861 per gram on account of the poor demand from industries and jewellers.

    December 2017 - Week 3 (18th to 24th)

    • Gold was trading at Rs.2,861 per gram on the 18th when the week began.
    • Gold price in Mysore rose to Rs.2,879 per gram the next day before plunging to Rs.2,876 per gram on the 20th amid the strengthened US dollar and firmer equities market.
    • The dollar, however, lost its ground as investors began to speculate over the final outcome of the new tax reform on the US economic growth. This led to rates rising to Rs.2,883 per gram on the 21st.
    • But the dollar regained its lost sheen the following day with the tax reform bill being passed. This led to gold being priced at Rs.2,879 per gram on the 22nd.
    • As a result of the new tax cuts, stocks in the Asian markets began to collapse and the yellow metal prices rebounded to Rs.2,898 per gram on the 23rd.
    • The week ended with gold holding steady at Rs.2,898 per gram on the 24th owing to the steady demand from industries and local jewellers amid the positive trends overseas.

    December 2017 - Week 2017 (25th to 31st)

    • When the last week of the year began, the bullion was recorded trading at Rs.2,898 per gram on the 25th.
    • An increase in overseas demand compounded by the strong global trends led to gold prices rising to Rs.2,903 per gram on the 26th.
    • The weakened US dollar proved to be favourable for the commodity markets with investors ramping up their purchases. This led to gold being priced at Rs.2,917 per gram on the 27th.
    • Gold rate in Mysore surged further to Rs.2,937 per gram on the 28th with the precious metal hitting a one-month high in the international trade.
    • Thanks to the strong global cues that pushed local demand higher in the domestic trade, the yellow metal prices rose to Rs.2,942 per gram on the 29th.
    • On the 30th, rates dropped slightly to Rs.2,941 per gram. On the last day, the bullion prices in Mysore were recorded at Rs.2,941 per gram with Mysore registering an incline of 0.30% in gold prices during the month of December.

    Trend of Gold Rate in Mysore for November 2017 (rates per gram for 24 karat gold)

    Parameters Gold price (24 karat)
    Gold rate on 1st November 2017 Rs.2,942 per gram
    Gold rate on 30th November 2017 Rs.2,947 per gram
    Highest Rate in November Rs.2,981 per gram on 20 November
    Lowest Rate in November Rs.2,907 per gram on 6 November
    Overall Monthly Performance Incline
    Percentage Change 0.16%

    November 2017 - Week 1 (1st - 5th)

    • Gold price in Mysore started off on a relatively improved note but fell as the week progressed.
    • On the 1st of November, the yellow metal was trading at Rs.2,942 per gram.
    • Due to a steady demand from local circles, gold continued selling at Rs.2,942 per gram on the 2nd and the 3rd of November.
    • Keeping in trend with global cues, gold rates fell to Rs.2,917 per gram on the 4th of November. This happened because of a relatively strong dollar and also the cautious nature of investors.
    • When the week came to an end, gold rate in Mysore were recorded at Rs.2,917 per gram.

    November 2017 - Week 2 (6th - 12th)

    • When trading commenced for the week, the yellow metal was trading low at Rs.2,907 per gram on the 6th.
    • However, prices picked up with geopolitical tensions rising between Saudi Arabia and Iran pushing demand higher for safe-haven assets like gold. This led to gold rate in Mysore surging to Rs.2,942 per gram on the 7th.
    • An increased domestic demand coupled with strong overseas trends resulted in gold price in Mysore rising to Rs.2,951 per gram on the 8th.
    • Rates remained unchanged at Rs.2,951 per gram on the 9th owing to downfall of the US dollar amid uncertainties in the US tax plan.
    • Prices, however, recovered with dollar losing against major emerging currencies, and the yellow metal was priced at Rs.2,961 per gram on the 10th.

    November 2017 - Week 3 (1th3 - 19th)

    • Gold rate in Mysore started off on a weak note before surging midweek and consolidating towards the end of the week.
    • On the 13th of November, gold was priced at Rs.2,940 per gram. This rose to Rs.2,945 per gram as there was an increased buying trend in the city.
    • The 15th saw gold price in Mysore surge significantly to Rs.2,966 per gram as local demand improved. This high demand wasn’t to be sustained, which was evident with the next day’s trade.
    • On the 16th, the yellow metal was seen selling at Rs.2,961 per gram.
    • Over the last three days, i.e., from the 17th to the 19th, gold prices remained at Rs.2,951 per gram, a slump despite some strong trend seen worldwide.

    November 2017 - Week 4 (20 - 30):

    • In Mysore, gold opened for the week at Rs.2981 per gram. A weak demand brought about by wary investors saw gold rate in Mysore plummet to Rs.2,953 per gram on the 21st of November.
    • Demand crashed for the second day in a row, which caused gold price in Mysore to go down to Rs.2,951 per gram on the 22nd.
    • However, positive cues from the global market contributed to a robust trading day on the 23rd. Prices increased to Rs.2,960 per gram this day.
    • With demand from key Asian markets remaining subdued, gold rates was unchanged on the 26th and the metal traded at Rs.2,958 per gram.
    • Rates dropped down to Rs.2,958 per gram on the 18th due to the Fed chair speech, which led to a bullion demand falling.

    Gold Price Trends in Mysore in 2015

    Buying due to peer pressure, price manipulation and falling currencies are among some of the factors experts cite as triggers for fluctuations in the price of gold. Gold is considered a safe option during hyperinflation since it is believed to hold its purchasing power better compared to money during such periods. The following are the gold rates prevalent in Mysore this year.

    22 karat prices: One gram gold in Mysore (22 k) is currently priced at Rs. 2,542. The price of gold has witnessed minor fluctuations with the rates plummeting in that in January this year, one gram of gold was priced at Rs. 2,546.00. The price hovered around Rs. 2,562.00 in February while it was Rs. 2,514, Rs. 2,502 and Rs. 2600 for the months of March, April and May respectively. By the beginning of June, gold rates fell to Rs. 2,535.

    24 karat prices: One gram of gold in Mysore (24 k) is currently priced at Rs. 2,726. The rate of gold has seen a minor increase over the past few months in that at the end of the month of May, one gram of gold was priced at Rs. 2,725. The price of gold has been fluctuating with one gram of yellow metal costing around Rs. 2,740.00 towards the end of April and Rs.2,650, Rs.2,680 and Rs.2,818 for the months of March, February and January this year.

    Gold as an Investment in Mysore

    Jewelry: Jewelry in Mysore forms the major component of the overall demand for gold in the city owing to the tradition of buying the yellow metal during festive occasions in addition to it being considered a relatively safe investment. The World Gold Council pegged the current jewelry demand in India at 151 tonnes, a rise of about 22% compared to the same period, last year. Demand for jewelry and investment stood at 842.7 tonnes last year.

    Coins: According to the latest report of the World Gold Council, demand for gold bars and coins across the country fell 10% compared to last year as investors diverted their funds into equities owing to robust stock market performance. Experts maintain gold coins should ideally be bought from a well-known jeweler since there is no risk of impurity. While banks sell gold, they don’t buy back coins.

    Gold ETFs: One unit of ETF is equivalent to 1 gram of gold. Exchange Traded Funds (ETF) have gradually been gaining prominence across the country due to several factors such as high liquidity, ease of investing (ETFs are traded on the stock exchange) among many others. What’s more, there is no wealth tax involved which makes it an attractive investment option.

    Where to Buy Gold in Mysore?

    There are many well-known gold showrooms which supply pure BIS Hallmarked gold offering a wide range of designs and patterns. Some of the top showrooms which offer the yellow metal are Salam and Sons, Shankara Chetty and sons, Abhushan Gold Palace, Akshay Jewels, Arihant Jewels, Ashish Jewelers, BKL Sons and Bharat Jewelery halls among many others. Several jewelry stores are located on Ashoka Road, K T Street and Mysore Trade Center among others.

    Also Check Gold Price in NearBy Cities of Mysore

    Gold Rate In Belgaum Gold Rate In Bellary Gold Rate In Shimoga
    Gold Rate In Udupi Gold Rate In Gulbarga Gold Rate In Bangalore
    Gold Rate In Mangalore Gold Rate In Kozhikode Gold Rate In Coimbatore
    Also Know: Silver Rate in Mysore

    Read more on Gold

    Gold Rate - Sitemap

    News About Gold Rate in Mysore

    • Gold rates drop by Rs.460 per 10 grams amid poor overseas trends

      Gold rates in New Delhi plummeted by Rs.460 to Rs.31,390 per 10 grams on Wednesday due to unexpected decline in demand from local jewellers and retailers. Another reason for the decline in gold prices was due to the US dollar rising after Jerome Powell the US Federal Reserve Chairman promised to avoid further economic concerns while continuing to follow the pace of interest rate hikes. Following gold, silver rates also dropped to Rs.39,300 per kg - a decline of Rs.250 per kg - as a result of subdued offtake by coin manufacturers and industries in the country.

      28 February 2018

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