Gold Rate in Mysore

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  • Today's Gold Rate in Mysore ( 28 Sep 2021 )

    ₹ 4,480
    Today's Gold Rate (22K) per gram

    Compare 22K & 24K Gold Rate In Mysore (Today & Yesterday)

    Today
    Yesterday
    Rate Change
    Standard Gold (22 K) ( 1 gram ) ₹ 4,480 ₹ 4,465 ₹ 15 ↑
    Standard Gold (22 K) ( 8 grams ) ₹ 35,840 ₹ 35,720 ₹ 120 ↑
    Pure Gold (24 K) ( 1 gram ) ₹ 4,704 ₹ 4,688 ₹ 16 ↑
    Pure Gold (24 K) ( 8 grams ) ₹ 37,632 ₹ 37,504 ₹ 128 ↑

    Daily Gold Rates

    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    27 Sep 2021 ₹ 4,480 ₹ 35,840 ₹ 4,704 ₹ 37,632
    26 Sep 2021 ₹ 4,465 ₹ 35,720 ₹ 4,688 ₹ 37,504
    25 Sep 2021 ₹ 4,465 ₹ 35,720 ₹ 4,688 ₹ 37,504
    24 Sep 2021 ₹ 4,465 ₹ 35,720 ₹ 4,688 ₹ 37,504
    23 Sep 2021 ₹ 4,505 ₹ 36,040 ₹ 4,730 ₹ 37,840
    22 Sep 2021 ₹ 4,530 ₹ 36,240 ₹ 4,757 ₹ 38,056
    21 Sep 2021 ₹ 4,495 ₹ 35,960 ₹ 4,720 ₹ 37,760
    20 Sep 2021 ₹ 4,475 ₹ 35,800 ₹ 4,699 ₹ 37,592
    19 Sep 2021 ₹ 4,485 ₹ 35,880 ₹ 4,709 ₹ 37,672
    18 Sep 2021 ₹ 4,485 ₹ 35,880 ₹ 4,709 ₹ 37,672

    Weekly & Monthly Graph of Gold Rate in Mysore (1 gram)

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    *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 rate 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 rate in Mysore differ depending on whether it is 24 carat gold or 22 carat.

    Trend of Gold Rate in Mysore for August 2021 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    August 1 Rate Rs.4,856 per gram
    August 31 Rate Rs.4,793 per gram
    Highest Rate in August Rs.4,909 per gram on 2 August
    Lowest Rate in August Rs.4,725 per gram on 9 August, 10 August, and 11 August
    Overall Performance Decline
    Percentage Change -1.29%

    Trend of Monthly Gold Rate in Mysore for August 2021:

    • Gold prices in Mysore for the month of August opened and closed at Rs.4,856 per gram and Rs.4,793 per gram, respectively.
    • Gold rates in the city fell by 1.29% over the course of the month.
    • The lowest and highest prices that the yellow metal touched for the month were Rs.4,725 for a gram (9 August, 10 August, and 11 August) and Rs.4,909 for a gram (2 August), respectively.

    Trend of Gold Rate in Mysore for July 2021 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    July 1 Rate Rs.4,615 per gram
    July 31 Rate Rs.4,856 per gram
    Highest Rate in July Rs.4,901 per gram on 17 July
    Lowest Rate in July Rs.4,615 per gram on 1 July
    Overall Performance Incline
    Percentage Change 5.22%

    Trend of Monthly Gold Rate in Mysore for July 2021:

    • In July, the gold prices in Mysore began at Rs.4,615 per gram for 24-karat gold. The price of gold in Mysore proceeded to rise steadily during the rest of the month, with the price on the first day also being the lowest for the entire month.
    • The highest price of 24-karat gold in Mysore for July was Rs.4,901 per gram on 17 July. By the end of the month, there was a slight decline in the prices, as gold was priced at Rs.4,856 per gram on 31 July.
    • Overall, Mysore saw a steady incline in the price of gold in July. The percentage change in prices stood at 5.22%.

    Trend of Gold Rate in Mysore for June 2021 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    June 1 Rate Rs.5,030 per gram
    June 30 Rate Rs.4,613 per gram
    Highest Rate in June Rs.5,040 per gram on 3 June
    Lowest Rate in June Rs.4,610 per gram on 21 June
    Overall Performance Decline
    Percentage Change 8.29%

    Trend of Monthly Gold Rate in Mysore for June 2021:

    • In Mysore, the month of June opened with gold price standing at the rate of Rs.5,030 per gram.
    • The price of gold in Mysore witnessed a fluctuating trend in the city over the next few days. The highest price for the month was Rs.5,040 on 3 June.
    • Gold prices in Mysore recorded its lowest for the month on 21 June when a gram of the 24-karat gold was being traded for Rs.4,610. The overall performance of the yellow metal witnessed a declining trend wherein the percentage change stood at 8.29%.

    Trend of Gold Rate in Mysore for May 2021 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    May 1 Rate Rs.4,777 per gram
    May 31 Rate Rs.5,007 per gram
    Highest Rate in May Rs.5,030 per gram on 26 May
    Lowest Rate in May Rs.4,777 per gram on 1 May
    Overall Performance Incline
    Percentage Change 4.81%

    Trend of Monthly Gold Rate in Mysore for May 2021:

    • The gold rate in Mysore in the month of May started off at a robust Rs.4,777 per gram for 24 karat gold. Gold prices in Mysore continued to steadily incline through the rest of the month with the price on the first day also being the lowest price point for the whole month for the yellow metal.
    • Gold prices in Mysore hit the highest level on 26 May reaching Rs.5,030 per gram for 24 karat gold.
    • The gold price in Mysore dipped minutely to hit Rs.5,007 per gram for 24 karat gold by the last day of the month.
    • The overall performance of gold in Mysore in the month of May was on a steady incline with the percentage change in prices being 4.81%.

    Trend of Gold Rate in Mysore for April 2021 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    April 1 Rate Rs.4,516 per gram
    April 30 Rate Rs.4,713 per gram
    Highest Rate in April Rs.4,845 per gram on 22 April
    Lowest Rate in April Rs.4,516 per gram on 1 April
    Overall Performance Incline
    Percentage Change 4.36%

    Trend of Monthly Gold Rate in Surat for April 2021:

    • Gold price in Surat opened the month of April at Rs.4,516 per gram. When compared to the closing price of the previous month, the price of the yellow metal was up by Rs.55 for every gram.
    • The yellow metal recorded its highest and lowest price for the month on 22nd and 1st April. On the mentioned dates, a gram of 24-karat gold cost Rs.4,845 and Rs.4,516 respectively.
    • Gold closed the month at Rs.4,713 per gram in Surat. The overall performance of the precious metal was one of incline with the percentage change being 4.36%.

    Trend of Gold Rate in Mysore for March 2021 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    March 1 Rate Rs.4,697 per gram
    March 31 Rate Rs.4,511 per gram
    Highest Rate in March Rs.4,697 per gram on 1 March
    Lowest Rate in March Rs.4,511 per gram on 30 and 31 March
    Overall Performance Decline
    Percentage Change -3.95%

    Trend of Monthly Gold Rate in Mysore for March 2021:

    • A gram of 24-karat gold cost Rs.4,697 per gram at the start of the month. The opening price of the yellow metal in the city was the highest for the month of March.
    • Gold price in Mysore fluctuated a lot over the month as the price of the bullion saw constant changes in the global market. On 22nd March, gold was priced Rs.4,607 per gram.
    • The yellow metal closed the month at Rs.4,511 per gram. This was the lowest recorded price of gold for the month. Gold’s overall performance in the city saw a declining trend with the percentage change standing at -3.95%.

    Trend of Gold Rate in Mysore for February 2021 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    February 1 Rate Rs.5,018 per gram
    February 28 Rate Rs.4,771 per gram
    Highest Rate in February Rs.5,018 per gram on 1 February
    Lowest Rate in February Rs.4,473 per gram on 25 February
    Overall Performance Decline
    Percentage Change -4.92%

    Trend of Monthly Gold Rate in Mysore for February 2021:

    • Gold rates in Mysore for the month of February 2021, opened at the rate of Rs.5,018 per gram. It closed the month standing at the rate of Rs.4,771 per gram.
    • The highest price of the precious metal was recorded on 1 February 2021 wherein it stood at the rate of Rs.5,018 per gram. The lowest recorded price during the month was Rs.4,473 per gram for 24 karat gold. This was recorded on the 25th of February 2021.
    • The overall performance of the yellow metal witnessed a decline of -6.96% during the month.

    Trend of Gold Rate in Mysore for January 2021 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    January 1 Rate Rs.4,919 per gram
    January 31 Rate Rs.4,996 per gram
    Highest Rate in January Rs.5,950 per gram on 30 January
    Lowest Rate in January Rs.4,793 per gram on 17 January
    Overall Performance Incline
    Percentage Change 1.56%

    Trend of Monthly Gold Rate in Mysore for January 2021:

    • In Mysore, the month of January opened with gold price standing at the rate of Rs.4,919 per gram.
    • The price of gold in Mysore witnessed a fluctuating trend in the city over the next few days. The increase in the rates saw gold record its highest price for the month when a gram was retailing for Rs.5,950 on 30 January.
    • Gold prices in Mysore recorded its lowest for the month on 17 January when a gram of the 24-karat gold was being traded for Rs.4,793. Gold price closed the month at the rate of Rs.4,996 per gram. The overall performance of the yellow metal witnessed a declining trend wherein the percentage change stood at 1.56%.

    Trend of Gold Rate in Mysore for December 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    December 1 Rate  Rs.4,877 per gram
    December 31 Rate Rs.5,096 per gram
    Highest Rate in December Rs.5,138 per gram on 21 December
    Lowest Rate in December Rs.4,877 per gram on 1 December
    Overall Performance Incline
    Percentage Change 4.49%

    Trend of Monthly Gold Rate in Mysore for December 2020:

    • Gold prices in Mysore in December started off at Rs.4,877 per gram for 24 karat gold.
    • The gold rate in Mysore was on an upward incline through the month of December, with the highest price being on 21 December at Rs.5,138 per gram.
    • Mysore gold prices closed the month of December at Rs.5,096 per gram with the lowest price being on 1 December at Rs.4,877 per gram.
    • The overall performance of gold in Mysore in December was on a consistent incline with a percentage change of 4.49% throughout the month.

    Trend of Gold Rate in Mysore for November 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    November 1 Rate Rs.5,194 per gram
    November 30 Rate Rs.5,146 per gram
    Highest Rate in November Rs.5,302 per gram on 10 November
    Lowest Rate in November Rs.4,910 per gram on 29 November
    Overall Performance Decline
    Percentage Change -0.92%

    Trend of Monthly Gold Rate in Mysore for November 2020:

    • In Mysore, the month of November opened with gold price standing at the rate of Rs.5,194 per gram.
    • The price of gold witnessed a fluctuating trend in the city over the next few days. The increase in the rates saw gold record its highest price for the month when a gram was retailing for Rs.5,146 on 10 November.
    • Over the rest of the month, gold rate in Mysore remained unsteady and recorded its lowest price for the month on 29 November when a gram of the 24-karat gold was being traded for Rs.4,910. Gold price closed the month at the rate of Rs.5,146 per gram. The overall performance of the yellow metal witnessed a declining trend wherein the percentage change stood at 0.92%.

    Trend of Gold Rate in Mysore for October 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    October 1 Rate  Rs.5,006 per gram
    October 31 Rate  Rs.4,973 per gram
    Highest Rate in October Rs.5,074 per gram on 23 October
    Lowest Rate in October Rs.4,967 per gram on 30 October
    Overall Performance  Decline
    Percentage Change -0.65%

    Trend of Monthly Gold Rate in Mysore for October 2020

    • Gold prices in Mysore in October started off high at Rs.5,006 per gram for 24 karat gold but soon started decreasing with fluctuations in prices through the month.
    • The gold rate in Mysore in October hit its highest and lowest rates in the last week of the month with the highest gold price being Rs.5,074 per gram on 23 October and the lowest gold rate being Rs.4,967 per gram on 30 October.
    • By the last date of the month, the price of gold in Mysore had started to pick up at Rs.4,973 per gram but overall, the performance of gold in Mysore in the month of October was on a decline with a percentage change of –0.65% which was influenced by the global economic conditions due to the Coronavirus pandemic.

    Trend of Gold Rate in Mysore for September 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    September 1 Rate Rs.5,127 per gram
    September 31 Rate Rs.5,171 per gram
    Highest Rate in September Rs.5,358 per gram on 21 September
    Lowest Rate in September Rs.4,946 per gram on 26 September
    Overall Performance Incline
    Percentage Change -0.85%

    Trend of Monthly Gold Rate in Mysore in September 2020:

    • In Mysore, the price of gold in Mysore for September, unlike most other Indian cities where a drop in price was observed. Opening at Rs.5,127 per gram on 1 September, the gold price recorded inclines in the first three weeks of the month.
    • However, as the value of the dollar rose on the global markets, the yellow metal began falling but not before hitting its highest price of the month at Rs.5,358 per gram on 21 September.
    • At the end of the month, gold prices dropped to hit its lowest at Rs.4,946 per gram on 26 September and closed at Rs.5,171 per gram on with an overall incline of 0.85%.

    Trend of Gold Rate in Mysore for August 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    August 1 Rate  Rs.5,501 per gram
    August 31 Rate  Rs.5,295 per gram
    Highest Rate in August Rs.5,761 per gram on 8 August
    Lowest Rate in August Rs.5,066 per gram on 2 August
    Overall Performance  Decline
    Percentage Change -3.75%

    Trend of Monthly Gold Rate in Mysore for August 2020:

    • In Mysore, the month of August opened with gold price standing at the rate of Rs.5,501 per gram.
    • The price of gold witnessed a fluctuating trend in the city over the next few days. The increase in the rates saw gold record its highest price for the month on 8th of August when a gram was retailing for Rs.5,761.
    • Over the rest of the month, gold rate in Mysore remained unsteady and recorded its lowest price for the month on 2nd of August when a gram of the 24-karat gold was being traded for Rs.5,066. Gold price closed the month at the rate of Rs.5,295 per gram. The overall performance of the yellow metal witnessed a declining trend wherein the percentage change stood at –3.75%.

    Trend of Gold Rate in Mysore for July 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    July 1 Rate Rs.4,984 per gram
    July 31 Rate Rs.5,496 per gram
    Highest Rate in July Rs.5,496 per gram on 31 July
    Lowest Rate in July Rs.4,946 per gram on 7 July
    Overall Performance Incline
    Percentage Change 10.2%

    Trend of Monthly Gold Rate in Mysore for July 2020:

    • One gram of gold had been priced at Rs.4,984 on 1 July. The metal saw a lot of changes in its price during the month and eventually settled at Rs.5,496 per gram on 31 July which was also the highest rate reached by the precious metal for the month.
    • Gold prices touched its lowest in Mysore on 7 July at Rs.4,946 per gram.
    • The overall price of gold had seen an incline of 10.2% during this month.

    Trend of Gold Rate in Mysore for June 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    June 1 Rate Rs.4,817 per gram
    June 30 Rate Rs.4,991 per gram
    Highest Rate in June Rs.4,991 per gram on 30 June
    Lowest Rate in June Rs.4,724 per gram on 8 June
    Overall Performance Incline
    Percentage Change 3.61%

    Trend of Monthly Gold Rate in Mysore for June 2020:

    • In Mysore, the price of the precious metal was Rs.4,817 per gram on 1 June with investors with higher risk appetite shifting towards the equities market with businesses opening up gradually. However, through the month, the metal showed an inclining trend, after hitting the lowest price of the month on 8 June at Rs.4,724 per gram.
    • The metal’s value showed continuous inclines throughout the month with investors shifting away from the equities market and resorting to the safe-haven metal with the continuous rise in COVID-19 cases all over the world, namely in the United States of America and India. With the United States Federal Reserve hinting at a slower recovery of the economy, the value of gold surged in the market.
    • At the end of the month, gold closed at Rs.4,991 per gram which was the highest price of June, closing the month with a percentage incline of 3.61.

    Trend of Gold Rate in Mysore for May 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    May 1 Rate Rs.4,681 per gram
    May 30 Rate Rs.4,803 per gram
    Highest Rate in May Rs.4,900 per gram on 20 May
    Lowest Rate in May Rs.4,587 per gram on 6 May
    Overall Performance Incline
    Percentage Change 2.60%

    Trend of Monthly Gold Rate in Mysore for May 2020:

    • In Mysore, the yellow metal was priced Rs.4,681 per gram at the start of the month. Compared to the closing price of the previous month, the rates were down by Rs.49 in the city. The rates slipped again the next day before increasing over the next three days. Gold recorded its lowest price for the month on 6th May when a gram cost Rs.4,587 before closing the opening week at Rs.4,603 per gram.
    • In the second week, the rates increased gradually in the city after recording a fall on 9th of May. Having opened at Rs.4,609 per gram, gold prices went up to Rs.4,719 per gram by the 12th May as risk appetite of the investors was down due to the resurgence of coronavirus cases in different parts of the world. The yellow metal closed the week at Rs.4,750 per gram.
    • The incline in the rates continued for major part of the third week. The increase in the rates was seen after fears of a prolonged global economic weakness leapt to the forefront pushing aside excitement of a possible coronavirus vaccine. The precious metal recorded its highest price for the month on 20th May with a gram of the 24-karat gold costing Rs.4,900 in the city. Having recorded its highest price, the rates slipped in the city and closed the week at Rs.4,838 per gram.
    • In the final week of the month, gold rates fluctuated in the city. This was accounted to increased risk appetite among investors on the hope that the economy will see a revival as COVID-19 related restrictions are eased. The rates had slipped to Rs.4,744 per gram on 28th May as investors shifted their focus to the equities market. Gold which witnessed an inclining trend in the rates over the month in Mysore closed at Rs.4,803 per gram with the recorded percentage change being 2.60%.

    Trend of Gold Rate in Mysore for April 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    April 1 Rate Rs.4,053 per gram
    April 30 Rate Rs.4,731 per gram
    Highest Rate in April Rs.4,800 per gram on 27 April
    Lowest Rate in April Rs.4,053 per gram from 1 April to 5 April
    Overall Performance Incline
    Percentage Change 16.7%

    Trend of Monthly Gold Rate in Mysore for April 2020:

    • The month opened with gold being priced at Rs.4,053 per gram in Mysore. From 1 April to 5 April, the rates of the yellow metal had remained the same at this figure. On 6 April, the price of gold had increased to Rs.4,062 per gram. The metal edged higher because of the rising number of coronavirus cases which had hampered risk sentiment. Investors had been waiting for the U.S. Federal Reserve's policy meeting as clues on more stimulus measures. On the next day, 7 April, the metal saw a huge jump in its price to Rs.4,397 per gram. Ahead of a U.S. jobless claims report, the dollar had weakened, and this had increased while the risk appetite on hopes that the coronavirus would soon come to an end. Then, on 10 April and 11 April, the rates of the precious metal had remained the same at Rs.4,440 per gram. Amid the rapid increase in the spread of the coronavirus, investors had been waiting for the U.S. Federal Reserve to hold their policy meeting. This would then give them hints on any further stimulus measures that would be rolled out.
    • On 15 April, the price of gold had fallen to Rs.4,421 per gram. This drop in prices had been led by investors booking profits post the rates of the metal hitting a one-month high due to the increasing worries over the coronavirus. The world feared a steep economic downturn on a global scale. By 20 April, the prices of gold had fallen further to Rs.4,296 per gram. This dip in price was driven by the firming of the U.S. dollar even though losses had been capped by a weak equities market. The next few days saw a lot of fluctuations in the prices of the metal. A lot of investors had hurried to find refuge in cash in order to cover the losses they had incurred in other assets which were driven by a steep fall in the oil prices. There had also been a lot of expectation of more stimulus measures from central banks across the world. These are the factors that had led to the change in gold prices during the week.
    • After the rates of gold had increased to Rs.4,530 per gram on 26 April, the prices had skyrocketed to Rs.4,800 per gram on 27 April. This increase in the price of gold had been driven by a weak U.S. dollar and plans of easing coronavirus-induces restrictions. The month had come to an end with the metal standing at Rs.4,731 per gram on 30 April.

    Trend of Gold Rate in Mysore for March 2020 (rates per gram for 24 karat gold)

    Parameter Gold price (24 karat)
    March 1 Rate Rs.4,090 per gram
    March 31 Rate Rs.4,053 per gram
    Highest Rate in March Rs.4,368 per gram on 7 March
    Lowest Rate in March Rs.3,953 per gram on 20 March
    Overall Performance Decline
    Percentage Change -0.90%

    Gold Rate Trend in Mysore for March 2020:

    • In Mysore, gold prices opened the month at Rs.4,090 per gram on 1 March. With the economy affected greatly due to the novel pandemic, COVID-19, investors awaited on the decision by the United States Federal Reserve on a possible rate cut to mitigate the losses on the economy due to the virus. Due to this, the price of the metal increased in the first week of the month. On 3 March, the price of the metal increased to Rs.4,116 per gram and further increased to Rs.4,274 per gram on 4 March and held steady on 5 March. The precious metal recorded its highest price in the month at Rs.4,368 per gram on 7 March and closed the week at an overall incline at prices.
    • In the second week of the month, gold prices fluctuated greatly due to mixed trends in the economy. Even though the economy was negative affected, investors were shifting to cash in order to survive the market crisis. Moreover, with the increasing value of the U.S. dollar in the market, gold prices faltered heavily. On 8 March, the price of the metal was Rs.4,337 per gram and decreased to Rs.4,318 per gram on 10 March and dipped marginally again on 11 March at Rs.4,313 per gram. On 12 March, the price of the metal dipped yet again with investors selling off their assets to hoard cash, resulting in a gram of gold being priced at Rs.4,295 per gram and closed the week at Rs.4,213 per gram on 13 March.
    • Gold prices in the third week of the month fell heavily in the country and showed poor trends in the international market as well. On 16 March, the price of the yellow metal was Rs.4,037 per gram. After increasing marginally to Rs.4,079 per gram on 17 March, the price of the metal dipped heavily until the end of the week. On 18 March, a gram of gold was priced at Rs.3,974 per gram and increased to cross the Rs.4,000 per gram mark yet again on 19 March at Rs.4,053 per gram. However, with a greater number of investors selling off their assets to hoard cash and survive the market crisis, the price of the metal dipped to hit its lowest price of the month at Rs.3,953 per gram on 20 March. However, at the end of the week, the price of the metal increased due to its safe-haven appeal and closed the week on 24 March at Rs.4,053 per gram.
    • At the end of the month, gold was priced at Rs.4,053 per gram opening the last week of March. With the major bullion trading centres closed in the world, trading was shut to prevent the spread of COVID-19. The price of the metal was Rs.4,053 per gram on 26 March and remained steady until 31 March. The metal closed the month with an overall percentage decline of 0.90.

    Trend of Gold Rate in Mysore for February 2020 (rates per gram for 24 karat gold)

    Parameter Gold price (24 karat)
    February 1 Rate Rs.4,014 per gram
    February 29 Rate Rs.4,195 per gram
    Highest Rate in February Rs.4,232 per gram on 25 February
    Lowest Rate in February Rs.3,956 per gram on 7 February and 8 February
    Overall Performance Incline
    Percentage Change 4.50%

    Gold Rate Trend in Mysore for February 2020:

    • Opening the month of February at Rs.4,014 per gram, gold rates in Mysore held steady until 3 February. On 4 February, due to heavy local demand, the price of the metal increased to Rs.4,208 despite a declining global trend due to increased risk appetite amongst investors. With China liquidating funds and reversing the repo rate to support their economy, traders shifted their investments to the stock market which resulted in the dip in demand for the bullion. However, after increasing for a day, gold prices dipped to a great extent yet again and by 8 February, the price of the metal was Rs.3,956 per gram.
    • After decreasing to Rs.3,956 per gram, the metal’s prices showed fluctuating trends through the second week of the month. On 9 February, a gram of gold was Rs.4,013 which reduced to Rs.3,985 per gram on 13 February. Gold prices saw gradual gains in the upcoming days at Rs.4,008 per gram on 14 February and Rs.4,011 per gram on 15 February. However, with the increasing number of cases outside of China and the rise in the death toll, the price of the precious metal increased to Rs.4,036 per gram due to increased safe-haven demand. On 20 February, the price of gold had increased to Rs.4,79 per gram.
    • On 20 February, the price of the metal had increased to Rs.4,100 per gram on increased safe-haven demand. With China reporting 5,000 new cases of the Coronavirus along with a substantial increase in the death toll, investors shifted back to the bullion market. The price of gold had increased to Rs.4,200 per gram in just three days by 23 February and remained steady until 24 February.
    • Gold had hit its monthly high on 25 February at Rs.4,232 per gram. However, the price of the metal dipped for the following 4 days of the month. Due to its high pricing, investors took to booking profits on their investments given the unpredictability of the market. Due to profit booking, the metal’s prices dipped. By the end of the month, the precious metal was priced at Rs.4,195 per gram with a percentage incline of 4.50.

    Trend of Gold Rate in Mysore for January 2020 (rates per gram for 24 karat gold)

    Parameter Gold price (24 karat)
    January 1 Rate Rs.3,860 per gram
    January 31 Rate Rs.4,014 per gram
    Highest Rate in January Rs.4,053 per gram on 9 January
    Lowest Rate in January Rs.3,848 per gram on 2 January
    Overall Performance Incline
    Percentage Change 3.98%

    Gold Rate Trend in Mysore for January 2020:

    • With a percentage incline of 3.98, gold prices in Mysore increased throughout the month of January due to a weak dollar and increased safe-haven appeal amongst investors. Opening at Rs.3,860 per gram on 1 January, the price of the metal hit its highest price of Rs.4,053 per gram on 9 January due to the persisting tensions between Yemen and the United States of America.
    • As the dollar value recovered in the second week of the month with the signing of the Interim Phase-1 trade deal between China and the United States of America, the price of the metal dipped. Investors shifted back to the stock market with increased risk appetite. By 14 January, the price of the metal had dipped to Rs.3,952 per gram.
    • Gold prices in the city for the third week of the month held steady as the Coronavirus outbreak affected the markets. Investors awaited to take into account the effect of the virus on the stock market and also waited for the developments on the decision to be made by the United States Federal Reserve on possible rate cuts. On 22 January, the price of the metal dipped marginally to Rs.3992 per gram.
    • However, as the number of cases and deaths increased because of the virus and saw a global outbreak, the World Health Organisation announced a Global Health Emergency as China went into quarantine. The price of the metal increased and closed the month at Rs.4,014 per gram as investors shifted to the bullion due to its safe-haven appeal.

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    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

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    News About Gold Rate in Mysore

    • Gold Plunges 1% on Rising Risk Sentiment

      Gold rates fell by over 1% after the U.S.’s decision not to impose trade tariffs on Mexico boosted equities and increased investor risk sentiment.

      Spot gold dropped 1.1% in value to $1,326.13 per ounce while U.S. gold futures fell by 1.2% to $1,329.3 per ounce.

      As global equities rally, there has been a liquidation on safe-haven bullion demand. Coupled with the dollar index rallying, this has exerted pressure on gold and its appeal among non-dollar buyers.

      However the probability of an interest rate cut by the U.S. Federal Reserve could spell cheer for bullion. A reduction in interest rates reduces the opportunity cost for non-yielding bullion but could see a while to reflect.

      10 June 2019

    • 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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