• Gold Rate in Mysore

    Daily Gold Rates
    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    26 May 2018 ₹ 2,940 ₹ 23,520 ₹ 3,087 ₹ 24,696
    25 May 2018 ₹ 2,930 ₹ 23,440 ₹ 3,077 ₹ 24,616
    24 May 2018 ₹ 2,920 ₹ 23,360 ₹ 3,066 ₹ 24,528
    23 May 2018 ₹ 2,914 ₹ 23,312 ₹ 3,060 ₹ 24,480
    22 May 2018 ₹ 2,900 ₹ 23,200 ₹ 3,045 ₹ 24,360
    21 May 2018 ₹ 2,905 ₹ 23,240 ₹ 3,050 ₹ 24,400
    20 May 2018 ₹ 2,905 ₹ 23,240 ₹ 3,050 ₹ 24,400
    18 May 2018 ₹ 2,910 ₹ 23,280 ₹ 3,056 ₹ 24,448
    17 May 2018 ₹ 2,914 ₹ 23,312 ₹ 3,060 ₹ 24,480
    16 May 2018 ₹ 2,940 ₹ 23,520 ₹ 3,087 ₹ 24,696

    *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 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%

    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.
    Parameters Gold price (24 karat)
    Gold Rate on 1st October 2017 Rs.2,985 per gram
    Gold Rate on 31st October 2017 Rs.2,942 per gram
    Highest Rate in September 2017 Rs.2,995 per gram 16 October
    Lowest Rate in September 2017 Rs.2,932 per gram on 27 October
    Overall Monthly Performance Decline
    Percentage Change -1.90%

    October 2017-Week 1 (1st to 8th)

    • Gold started at Rs.2,985 per gram in Mysore and quickly dropped on the second day of the week.
    • Gold traded at Rs.2,966 per gram on 2 October as demand from the local market fell.
    • The price of the yellow metal continued to fall throughout the week due to subdued demand from the retailers and stockiest.
    • As the dollar gained stability, the gold rate in Mysore dropped prompting buyers to buy more gold. Moreover, the finance minister’s move on sovereign gold bond scheme further dropped the gold’s price.
    • The fall in the gold price in Mysore was also due to the falling demand of gold owing to the factors like strengthening of dollar rat and strong equity markets.
    • At the end of the first week gold was priced Rs.2,952 per gram.

    October 2017-Week 2 (9th to 15th)

    • Gold continued to trade at Rs.2,952 per gram on the first day of week 2 in Mysore.
    • As the demand for gold increased due to the Diwali season, the second day of week 2 witnessed a small hike in gold price in Mysore as the yellow metal traded at Rs.2,976 per gram.
    • There was fluctuation in the price as the week progressed, with the government’s decision to relax the KYC norms just before the upcoming dhanteras sale.
    • Small hike were seen in gold prices throughout the week throughout some geopolitical issues were noted.
    • From 13 October to 15 October 2017, gold price in Mysore remained stable and traded at Rs.2,987 per gram.

    October 2017-Week 3 (16th to 22nd)

    • On 16 October 2017, gold price in Mysore continued to trade at Rs.2,995 per gram, this is also the highest recorded gold rate in Mysore for the month of October.
    • For the next three days, gold prices was unstable and kept fluctuating this was mainly because of a strong US dollar.
    • Gold traded at Rs.2,981 per gram, Rs.2,976 per gram, and Rs.2,966 per gram on 17, 18, and 19 October 2017 respectively.
    • Amid the festive season, the steep fall in price was due to the US dollar gaining the momentum.
    • On 20 October, the bullion’s price rose to Rs.3,026 per gram, as the nuclear prowess of North Korea put US economy in volatility.
    • Due to uncertainty in the bullion market, gold rate in Mysore closed at Rs.2,966 per gram on 22 October 2017.

    October 2017-Week 4 & Week 5 (23rd to 31st)

    • The last week show a drastic fall in the gold’s rate and in fact 27 October had the report of gold traded at lowest rate.
    • Gold opened at Rs.2,956 per gram on 23 October 2017.
    • The lowest gold rate in Mysore was recorded on 27 October 2017 when the yellow metal was traded at Rs.2,932 per gram.
    • With the month nearing to an end, the gold rates dropped again and was priced Rs.2,942 per gram, as the US dollar gained stability. 
    Parameters Gold price (24 karat)
    Gold rate on 1st September 2017 Rs.2,956 per gram
    Gold rate on 30th September 017 Rs.2,985 per gram
    Highest Rate in September Rs.3,056 per gram on 8 September
    Lowest Rate in September Rs.2,956 per gram on 1 September
    Overall Monthly Performance Incline
    Percentage Change 0.97%

    September 2017 - Week 1 (1st-10th)

    • The first week in Mysore saw gold rates fluctuating during the week due to inconsistent demand for the metal.
    • Gold opened at Rs.2,956 per gram on the 1st, when the week began.
    • Increase in global demand resulted in gold to be priced at Rs.2,995 per gram on the 2nd
    • Gold prices in Mysore remained the same the next day with steady demand for the yellow metal.
    • Gold rates in Mysore rose to Rs.3,015 per gram on the 4th as safe haven investments saw an increase with the US-North Korea conflicts escalating.
    • Prices rose further to Rs.3,029 per gram on the 5th after North Korea announced their successful nuclear tests.
    • Gold prices in Mysore rose the following day to Rs.3,034 per gram, before sliding to Rs.3,024 per gram on the 7th.
    • The yellow metal rates surged to Rs.3,056 per gram on the 8th. This was the highest recorded price for the month of September.
    • Demand for the precious metal from investors declined, and prices fell to Rs.3,041 per gram on the 9th.
    • The week ended with gold trading at Rs.3,041 per gram on the 10th.

    September 2017 - Week 2 (11th-17th)

    • Gold rates in Mysore dropped to Rs.3,019 per gram on the 11th as demand for the metal from jewellers and retailers declined.
    • Rising tensions between the US and North Korea coupled with low demand for the yellow metal resulted in gold rates to Rs.3,001 per gram on the 12th.
    • Gold price in Mysore rose marginally to Rs.3,010 per gram on the 13th as demand increased. However, an uncharacteristic decline in demand in domestic trade resulted in gold rates dropping to Rs.2,995 per gram on the 14th.
    • Gold traded at Rs.3,005 per gram for the remainder of the week with steady demand.

    September 2017 - Week 3 (18-24):

    • The week started off with gold trading at Rs.3,005 per gram on the 18th owing to steady global and domestic trade.
    • With the US Federal Reserve meetings happening, investors and stockists delayed their purchases. This resulted in gold trading at RS.2,971 per gram on the 19th.
    • Gold rates in Mysore surged to Rs.2,995 per gram on the 20th with the festive season nearing in.
    • Gold price in Mysore dropped to Rs.2,970 per gram on the 21st, but bounced back to Rs.2,990 per gram on the 22nd as the US dollar value fluctuated.
    • The 23rd saw gold rates dropping to Rs.2,980 per gram on the 23rd as demand for the metal reduced marginally.
    • The rest of the week saw gold trade at Rs.2,980 per gram with steady demand.

    September 2017 - Week 4 (25th-30th)

    • The last week in Mysore opened with gold trading at Rs.2,970 per gram on the 25th.
    • The arrival of the festive season proved to be favourable for gold trade and prices surged to Rs.3,029 per gram on the 26th.
    • Demand for the metal declined as the US dollar value picked up and gold rates dropped to Rs.3,005 per gram on the 27th.
    • Gold price in Mysore dropped to Rs.2,985 per gram on the 28th as investors suspended purchases with the recovery of the US economy.
    • Prices remained untouched at Rs.2,985 per gram for the rest of the week, thanks to steady domestic demand for the precious metal.
    Parameters Gold price (24 karat)
    August 1 Rate Rs.2,878 per gram
    August 31 Rate Rs.2,956 per gram
    Highest Rate in August Rs.2,976 per gram on 29 August
    Lowest Rate in August Rs.2,845 per gram on 7 August
    Overall Monthly Performance Incline
    Percentage Change 2.71%

    August ‘17- Week 1 (1st to 6th)

    • The first week of August saw a few fluctuations in the price of gold in Mysore as demand was muted in light of a recovery by the U.S. dollar.
    • Gold was priced at Rs.2,878 per gram on 1 August as demand from the previous month kept prices steady for a while.
    • The decline in domestic demand led to a drop in the price of gold, as the metal traded at Rs.2,855 per gram on 5 August.
    • The gradual recovery in the dollar price as well as the rise in markets led to poor demand for the yellow metal, as gold ended the week trading at Rs.2,855 per gram on 6 August.

    August ‘17- Week 2 (7th to 13th)

    • Gold price in Mysore failed to recover as the week began due to a reduction in demand from industry as well as poor retail demand.
    • Gold opened the week at Rs.2,845 per gram on 7 August and rose marginally to trade at Rs.2,852 per gram on 8 August.
    • As U.S. jobs data figures were lower than expected, markets plunged and demand for bullion rose, resulting in gold prices rising to Rs.2,893 per gram on 10 August.
    • The escalation of threats from North Korea kept markets across the world unstable, fuelling higher demand for safe-haven assets like gold and pushing prices to Rs.2,922 per gram on 11 August.
    • There was no change in price as the week ended on 13 August as demand was consistent in spite of poor local demand.

    August ‘17- Week 3 (14th to 20th)

    • Gold prices in Mysore fell marginally as demand stabilised after the highs of the previous week, with the metal opening the third week priced at Rs.2,915 per gram on 14 August.
    • There was no change in price for a few days as demand was consistent, with the possibility of nuclear aggression with North Korea prompting sustained demand for bullion.
    • Gold price in Mysore dipped to Rs.2,910 per gram on 19 August as industrial demand from Asia fell due to fears of a slowdown in China.
    • Local demand began to rise marginally though retail demand continued to be poor, resulting in the week ending with gold priced at Rs.2,910 per gram on 20 August.

    August ‘17- Week 4 (21st to 27th)

    • Demand was sluggish as the week began but an increase in local retail demand resulted in a rise in the price of the yellow metal as the week progressed.
    • Gold was priced at Rs.2,903 per gram on 21 August as industrial demand was on the decline.
    • Gold price in Mysore rose to Rs.2,908 per gram on 22 August but dropped to Rs.2,903 per gram on 23 August as demand dropped following a surge in the markets in Europe.
    • Upcoming elections in Germany and tensions in France led to a weak Euro, which helped the dollar rise and contributed to lower orders from overseas.
    • Gold price in Mysore rose to Rs.2,913 per gram on 25 August before jumping to Rs.2,927 per gram as the week ended on 27 August.

    August ‘17- Week 5 (28th to 31st)

    • Prices rose during the week as the impact of Hurricane Harvey and fresh tensions between the United States and North Korea led to markets plunging.
    • Gold traded at Rs.2,927 per gram on 28 August before rising to Rs.2,976 per gram on 29 August as fresh sanctions against North Korea at the U.N. led to investors rushing to buy gold.
    • The yellow metal’s value fell to Rs.2,966 per gram on 30 August as retail demand fell due to the prohibitively high price of the gold.
    • A further drop in price was recorded as the month ended, with gold priced at Rs.2,956 per gram on 31 August.
    Parameters Gold price (24 karat)
    July 1st Rate Rs.2,950 per gram
    July 31st Rate Rs.2,874 per gram
    Highest Rate in July Rs.2,950 per gram on 1 & 2 July
    Lowest Rate in July Rs.2,796 per gram on 14 July
    Overall Monthly Performance Decline
    Percentage Change -2.57%

    July 2017 - Week 1 (1st to 9th)

    • Gold prices in Mysore started for the month of July with the metal trading at Rs.2,950 per gram.
    • Due to a sustained demand, prices remained unchanged on the 2nd before dropping to Rs.2,940 per gram on the 3rd as global demand went down.
    • Prices went down again on the 4th to Rs.2,915 per gram - nearing eight-week lows - as the US dollar surged ahead of other currencies.
    • On the 7th, gold price in Mysore went down to Rs.2,900 per gram - as the dollar kept strengthening - and went down to Rs.2,880 per gram on the 8th.
    • When the week came to an end on the 9th, gold was still trading at Rs.2,880 per gram - a decrease of Rs.70 since the beginning of the month.

    July 2017 - Week 2 (10th - 16th)

    • The second week of July began with gold further dropping further to Rs.2,875 per gram but went up to Rs.2,870 per gram on the 11th of July.
    • But due to a slight increase in demand from local investors, gold prices in Mysore went up to Rs.2,890 per gram on the 12th and continued to trade at the same rate on the 13th as well.
    • The 14th of July saw gold price in Mysore reach a monthly low of Rs.2,796 per gram - due to a marked drop in demand.
    • The sudden fall was complemented by an increase in prices as a weakening dollar pushed gold rates up.
    • When the week ended, gold was still trading at Rs.2,815 per gram.

    July 2017 - Week 3 (17th - 23rd)

    • When the third week of July commenced, gold was still trading at Rs.2,815 per gram.
    • As gold prices rising in the global market, rates in Mysore saw a considerable increase as well.
    • Prices went up to Rs.2,830 per gram on the 18th and remained the same on the 19th of July before increasing slightly to Rs.2,833 per gram on the 20th of the month.
    • A weakening dollar led to a price drop internationally, which pushed domestic prices up.
    • On the 21st, gold was selling at Rs.2,845 per gram, which then rocketed to Rs.2,866 per gram on the 22nd.
    • During the last day of July week 3, gold was still trading at Rs.2,866 per gram.

    July 2017 - Week 4 (24th - 31st)

    • The final week of July saw gold price in Mysore fluctuate considerably due to several domestic and global factors.
    • On the 24th of July, gold price in Mysore were recorded at Rs.2,866 per gram which went up to Rs.2,869 per gram on the 25th of the month.
    • The 26th however saw rates dip to Rs.2,850 per gram due to a collectively subdued demand from domestic jewellers.
    • Rates went up to Rs.2,874 per gram on the 27th as conflicts involving the US caused some panic buying among the investors.
    • During the 28th and the 29th, gold price in Mysore remained in the 2,870 range due to sustained buying from investors before ending the month at Rs.2,874 per gram.
    • Despite a late flourish, gold prices saw a decline of 2.57% for the month of July.
    Parameters Gold price (24 karat)
    June 1 Rate Rs.2,933 per gram
    June 30 Rate Rs.2,920 per gram
    Highest Rate in June Rs.2,960 per gram on 8 June
    Lowest Rate in June Rs.2,895 per gram on 20 June
    Overall Monthly Performance Decline
    Percentage Change -0.44%

    June ‘17- Week 1 (1 to 4)

    • The price of gold in the city of Mysore fluctuated due to demand vagaries in the first week of June.
    • The yellow metal was priced at Rs.2,933 per gram on 1 June, with the price dipping sharply to Rs.2,915 per gram on 2 June due to a decline in interest by retail consumers and markets.
    • A slight recovery was seen in the last two days of the week as gold traded at Rs.2,940 per gram on 3 & 4 June due to increased demand from local jewellers ahead of the rise in price due to GST.

    June ‘17- Week 2 (5 to 11)

    • Gold price in aipur rose in the second week as investors sought to hedge bets due to market uncertainty.
    • Gold traded at Rs.2,955 per gram on 5 June with the price rising to Rs.2,960 per gram on 6 June as international demand also rose.
    • Fluctuations in the U.S. dollar rate and the the resultant market rise led to a decline in demand for gold, as the price fell to Rs.2,940 per gram on 9 June.
    • Gold rate in Mysore fell further, trading at Rs.2,930 per gram on 10 & 11 June as demand from Asia fell due to imports becoming more expensive as the U.S. dollar recovered.

    June ‘17- Week 3 (12 to 18)

    • The third week saw the gold price in Mysore continue to fall due to a lowering of demand from th3e industrial sector due to higher import costs.
    • The week began with gold priced at Rs.2,925 per gram on 12 June, with the price rising to Rs.2,930 per gram on 13 & 14 June as demand led to a marginal increase in price.
    • The steady rise of the U.S. dollar as well as stable markets resulted in a reduction in gold demand from most Asian countries, which led to prices falling to Rs.2,918 per gram on 15 June.
    • Prices continued to slide for the rest of the week as local demand was poor; local demand from jewellers also failed to prop up the yellow metal’s value.
    • The week ended with gold trading at Rs.2,910 per gram on 18 June.

    June ‘17- Week 4 (19 to 25)

    • Continuing its downward spiral, gold was priced at Rs.2,905 per gram on 19 June due to poor demand from local jewellers.
    • Gold fell to its lowest rate for the month as it traded at Rs.2,895 per gram on 20 June due to flat demand from international markets.
    • Gold price in Mysore began to recover marginally as the week progressed, though the increases were minimal.
    • Gold rate in Mysore was at Rs.2,910 per kg on 22 June as retail demand increased before the onset of the new taxation structure.
    • Rates rose as the week drew to a close, with gold prices recorded at Rs.2,920 per gram on 25 June.

    June ‘17- Week 5 (26 to 30)

    • The last week of June saw the price of gold fluctuate wildly due to conflicting cues from international markets.
    • Gold opened the week trading at Rs.2,918 per gram on 26 June before prices fell sharply to Rs.2,900 per gram on 27 June.
    • The renewed retail buying coupled with higher orders for spot gold in Asia led to prices jumping to Rs.2,960 per gram on 28 June.
    • Gold demand dropped as the month ended, with the metal trading at Rs.2,920 per gram on 30 June to record an overall decline in price by 0.44%.
    May 1st Rate Rs.2,945 per gram
    May 31st Rate Rs.2,918 per gram
    Highest Rate in May Rs.2,945 per gram on 1st May
    Lowest Rate in May Rs.2,840 per gram from 11th-14th May
    Overall Performance Decline
    Percentage Change -0.91%

    May ’17 – Week 1 (1st – 7th)

    • Gold prices in Mysore reflected trends seen across the country, as the month began with the price falling marginally due to a dip in demand.
    • Gold was priced at Rs.2,945 per gram on 1st May, though it traded at Rs.2,905 per gram on 2nd May as industrial demand fell sharply as the U.S. Dollar traded high against other global currencies.
    • While European markets were volatile due to the upcoming French presidential elections, demand for gold did not increase as much as expected.
    • Prices instead fell, with gold trading at Rs.2,875 per gram on 4th May, and the victory of the Euro-centric Emmanuel Macron led to markets rallying, which pushed demand for gold lower, as the metal traded at Rs.2,850 per gram on 6th May.
    • The price remained the same as the week ended, with gold falling due to market conditions and a late surge by global currencies.

    May ’17 – Week 2 (8th – 14th)

    • The second week of May saw gold prices climb marginally before falling due to unfavourable market conditions.
    • Gold was priced at Rs.2,850 per gram on 8th May, with the price rising to Rs.2,855 per gram on 9th May due to a slight rise in demand from local jewellers.
    • Prices dropped to Rs.2,840 per gram on 11th May as the Eurozone continued to ride a wave of euphoria following Macron’s win, as both the Euro and the U.S. Dollar were bolstered by high trading volumes.
    • Gold traded low for the rest of the week, with the price remaining constant as the week ended on 14th May, with local demand also falling as overseas trends pointed to a decrease in demand for the yellow metal.

    May ’17- Week 3 (15th – 21st)

    • Gold prices appeared to recover slightly as the U.S. Dollar fell against other currencies due to internal political turmoil.
    • The price of gold was recorded at Rs.2,845 per gram on 15th May, with the price rising to Rs.2,905 per gram on 18th May as investors sought refuge in safe-haven assets like bullion as the U.S. stock markets nose-dived.
    • European markets also appeared to be falling, which led to increased demand for gold on the commodity exchange as well as among jewellers, which led to gold rising to Rs.2,908 per gram on 20th May.
    • Gold prices remained constant as the week ended, trading at Rs.2,908 per gram on 21st May as the metal consolidated gains made earlier in the week.

    May ’17 – Week 4 (22nd – 28th)

    • God prices fluctuated in the fourth week of May as demand spiked initially, but dropped as markets and the U.S. Dollar recovered.
    • Gold was priced at Rs.2,905 per gram on 22nd May before rising to Rs.2,930 per gram on 23rd May on strong trading in the futures markets.
    • Local demand also rose, though the impact on prices was minimal.
    • Prices dropped to Rs.2,915 per gram on 24th May as crude oil prices rose and the U.S. Dollar strengthened, leading to a decline in demand for gold.
    • Prices rose to Rs.2,930 per gram on 27th May as jewellers increased orders in anticipation of higher prices on the implementation of GST.
    • The price remained unchanged as the week ended.

    May ’17 – Week 5 (29th – 31st)

    • The last week of May saw the price of gold fluctuate due to market volatility.
    • Gold traded at Rs.2,930 per gram on 29th May as the U.S. Dollar fell on news of poorer than expected jobs data from the U.S. Labour Department.
    • In spite of a drop in the dollar value, gold demand was stagnant, with local demand falling.
    • Prices rose to Rs.2,938 per gram on 30th May but fell the next day to close the month at Rs.2,918 per gram on 31st May.
    • Gold prices recorded a fall in price of 0.91% over the course of the month.
    April 1st Rate Rs.2,910 per gram
    April 30th Rate Rs.2,945 per gram
    Highest Rate in April Rs.2,990 per gram on 15th and 16th April
    Lowest Rate in April Rs.2,905 per gram per gram on 10th April
    Overall Performance Incline
    Percentage Change 1.20%

    April 2017 - Week 1 (1st - 9th):

    • Gold trading started on a low in April as demand was yet to reach its zenith for the month.
    • On the 1st, gold was priced at Rs.2,910 per gram.
    • As there was no catalytic events, rates remained unchanged till the 3rd.
    • However, as demand went up on 4th, gold prices went up to Rs.2,930 per gram.
    • This was the period when geopolitical issues began to appear, with the US involving itself in major conflicts in the middle east.
    • The 5th, again, saw gold prices go up to Rs.2,935 per gram but drop off to Rs.2,925 per gram on 6th owing to a fall in demand.
    • When the week came to an end, gold was priced at Rs.2,915 per gram.

    April 2017 - Week 2 (10th - 16th):

    • The second week was when conflicts intensified leading to a sudden surge in gold prices.
    • Though the week started slowly, demand took a turn for the better as days progressed, thanks to markets turning volatile.
    • On the 10th, gold was trading at Rs.2,905 per gram, which increased to Rs.2,915 per gram on 11th.
    • As demand went up amidst falling dollar, gold prices went up to Rs.2,960 per gram on 12th.
    • Due to demand showing no signs of letting up, gold prices went up to Rs.2,985 per gram on 13th and then to Rs.2,990 per gram - the highest gold rate for the month.
    • When the week came to an end, gold was still trading at Rs.2,990 per gram.

    April 2017 - Week 3 (17th - 23rd):

    • After hitting uncharacteristic highs during the third week, gold prices seemed to go back down marginally.
    • Demand from domestic sectors as well as international markets fell as dollar value rallied on the back of settling concerns.
    • On 17th, gold rates went down to Rs.2,985 per gram, which then fluctuated to go down to Rs.2,975 per gram on 18th but went up again to Rs.2,985 per gram as investors were looking to make the most of the latest pitfall.
    • Rates went down to Rs.2,975 per gram on the 20th as demand slowly began to go down, which was aided by another fall on 21st, when rates went down to Rs.2,970 per gram.
    • However, rates went back up to their highest point again when they hit Rs.2,990 per gram on the 22nd and the 23rd.

    April 2017 - Week 4 (24th - 30th):

    • When the last and final week of April began, gold prices had dipped to Rs.2,965 per gram as demand had finally consolidated.
    • This week saw some price corrections and fluctuations as investors backed out from putting their money on bullion almost unanimously.
    • On the 25th, gold rates went down to Rs.2,950 per gram, which then slumped to Rs.2,920 per gram on the 26th.
    • But rates rallied up late towards the 27th to end the day at Rs.2,925 per gram, and gained again on the 28th to reach Rs.2,930 per gram.
    • Prices went up amidst some hurried buying on the 29th as gold hit Rs.2,945 per gram and remained more or less the same on the 30th.
    • Despite some falls towards the latter half of the month, gold rates had gained enough to end on an inclined path.
    • The month saw gold price trends change at a rate of 1.20% owing to a number of geopolitical concerns surrounding Syria, Afghanistan, and North Korea.
    March 1st Rate Rs.3,005 per gram
    March 31st Rate Rs.2,900 per gram
    Highest Rate in March Rs.3,005 per gram on 1st of March
    Lowest Rate in March Rs.2,855 per gram on 15th of March
    Overall Performance Decline
    Percentage Change 3.49%

    March ‘17 - Week 1 (1st to 5th)

    • As the month of March progressed, the rate of gold rise during the beginning but continued to fall towards the end.
    • However, this demand was sustained only during the beginning of the month and started declining as the month progressed, with a few fluctuations.
    • Gold traded at Rs.3,005 per gram on the 1st of March but declined the next day to trade at Rs.2,990 per gram.
    • As the week progressed, the gold rate in Mysore continued to decline.
    • On the last two days of the month, the rate of gold was steady at Rs.2,970 per gram due to low but stable demand from jewellers.

    March ‘17 - Week 2 (6th to 12th)

    • Gold was priced at Rs.2,962 per gram on the 6th of March which was lower than that of the rates seen during the previous week.
    • Gold rate in Mysore was the same the next day as well.
    • As demand for gold fell, the rate of this precious metal fell as well to trade at Rs.2,930 per gram and continued to decline further the next day as well to trade at Rs.2,910 per gram on the 9th of March.
    • The rate of gold continued to fall as the value of the U.S. Dollar started to rise. Gold was priced at Rs.2,900 per gram from the 10th of March until the end of the week.

    March ’17- Week 3 (13th to 19th)

    • Gold continued to trade at Rs.2,900 per gram on the first day of the third week of March before falling by Rs.20 the next day.
    • Due to a minor increase in the demand for gold, the rate of this precious metal fluctuated slightly.The lowest rate of gold was noted on the 15th of March wherein the price of this precious metal was Rs.2,855 per gram.
    • Gold traded at Rs.2,890 per gram on the 17th of March.
    • This price was sustained until the end of the third week.

    March ’17- Weeks 4 (20th to 26th)

    • Due to positive cues from both domestic as well as international markets, the rate of gold increased to Rs.2,900 per gram on the 20th of March.
    • Gold price in Mysore declined slightly on the 21st to trade at Rs.2,885 per gram before rising again to trade at Rs.2,920 per gram on the 22nd of March.
    • A steady demand for this metal ensured that the price of gold remained unchanged until the end of the week.

    March ’17- Weeks 5 (27th to 31st)

    • On the 27th of March, the price of gold in Mysore continued to be Rs.2,920 per gram before noting a slight increase of Rs.5 the next day.
    • On the 29th of March, gold continued to trade at Rs.2,925 per gram before falling by Rs.10 the next day to trade at Rs.2,915 per gram.
    • On the last day of the month, gold traded at Rs.2,900 per gram which was the lowest rate of gold noted during that week.
    • At the end of the month, a decline of 3.49% was noted in the rate of gold.
    February 1st Rate Rs.2,945 per gram
    February 28th Rate Rs.3,005 per gram
    Highest Rate in February Rs.3,005 per gram from 27th and 28th February
    Lowest Rate in February Rs.2,945 per gram on 1st February
    Overall Performance Incline
    Percentage Change 2.03%

    February 2017 - Week 1 (1st - 4th):

    • When February began on 1st, gold was trading at Rs.2,945 per gram in Mysore.
    • Surprisingly, gold rates on 1st was the lowest for the entire month - making February a positive month for gold sales.
    • Gold rates in Mysore didn’t witness much of a change for the next few days of the week as there was no catalytic features meddling with the bullion market.
    • Week 1 of February ended in Mysore with gold trading at Rs.2,945 per gram.

    February 2017 - Week 2 (5th - 11th):

    • Gold rates on 5th remained the same as it was on 4th and was trading at Rs.2,945 per gram.
    • The 6th, however, saw gold prices increase to Rs.2,955 per gram - an increase of Rs.10 - as domestic demand increased.
    • On 7th, gold prices saw a significant surge to hit Rs.2,980 per gram - a Rs.25 increase - and remained unchanged on 8th.
    • The 9th saw demand increase bringing a Rs.5 in gold prices to Rs.2,985 per gram.
    • On 10th, gold prices in Mysore fell by a massive margin of Rs.45, courtesy of a strengthening dollar, to reach Rs.2,940 per gram.
    • The end of the week was relatively better as gold rates picked up to close week 2 at Rs.2,970 per gram.

    February 2017 - Week 3 (12th - 18th):

    • The third week of February saw gold prices fluctuate slightly as global markets ran helter-skelter.
    • When trading began on 12th, gold was trading at Rs.2,970 per gram but went down to Rs.2,960 per gram on 13th.
    • The 14th and 15th also saw a dip in gold prices in Mysore as they went down first to Rs.2,955 per gram and then to Rs.2,948 per gram.
    • Prices picked up over the next three day period as they first went up to Rs.2,970 per gram on 16th - an increase of Rs.22.
    • The 17th again saw prices increase - this time by Rs.10 - for the metal to trade at Rs.2,980 per gram.
    • Week 3 ended in Mysore with gold still trading at Rs.2,980 per gram.

    February 2017 - Week 4 & 5 (19th - 28th):

    • Gold rates in Mysore went up and down over the last two weeks of February as several policy decision in the US affected the dollar rates and, in turn, bullion prices.
    • On 19th, gold was still trading at Rs.2,980 per gram, but went down to Rs.2,970 per gram on 20th.
    • After a brief slump, gold was back to performing better with rates reaching Rs.2,995 per gram on 25th.
    • Rates were unchanged on the 26th and 27th as no fluctuation in demand was seen.
    • The last two days of February saw gold prices rise again to go up to Rs.3,005 per gram.
    • Overall, gold price trends saw a change of 2.03% in Mysore over the month of February.
    January 1st Rate Rs.2,820 per gram
    January 31st Rate Rs.2,930 per gram
    Highest Rate in January Rs.2,970 per gram on 23rd & 24th January
    Lowest Rate in January Rs.2,820 per gram on 1st & 2nd January
    Overall Performance Incline
    Percentage Change +3.90%

    January 2017 - Week 1 (1st - 7th):

    • The year 2017 began with a bang for gold prices as they seemed to show positive growth for much of the month.
    • First week of January began with gold trading at Rs.2,820 per gram, a rate that continued till the end of 2nd.
    • On 3rd, prices increased by Rs.5 to hit Rs.2,825 per gram and then increased to reach Rs.2,840 per gram on 4th.
    • Prices increased to Rs.2,860 per gram on 5th and continued at the same price on 6th as well.
    • Gold rates again increased at the end of the week to finish at Rs.2,870 per gram.

    January 2017 - Week 2 (8th - 14th):

    • When week 2 began on 8th, gold prices were still holding at Rs.2,870 per gram and increased to Rs.2,890 on 10th as global demand increased.
    • Prices went up further on 11th to end the day’s trading price at Rs.2,910 per gram.
    • Rates for the yellow metal remained the same for the last three days of week 2 at Rs.2,920 per gram as no surge in demand was witnessed.

    January 2017 - Week 3 (15th -21st):

    • The third week of January continued on the positive trend set about by the previous two weeks.
    • On 15th, gold was trading at Rs.2,920 per gram which later increased by Rs.25 per gram to hit Rs.2,945 per gram on 16th.
    • The 17th and 18th saw gold rates increase by Rs.10 per gram as demand for the metal seemed to increase gradually.
    • On 19th, gold rates went down by Rs.15 to hit Rs.2,950 per gram as demands went down suddenly owing to a strengthening dollar.
    • By the time week 3 ended, gold prices had gained back to end the business day of 21st on Rs.2,960 per gram.

    J

    anuary 2017 - Week 4 and 5 (22nd - 28th):

    • The 4th week of January was the worst period for gold as prices took a significant hit.
    • On 22nd, when the week began, gold was trading at Rs.2,960 per gram and later increased to Rs.2,970 per gram.
    • However, on 25th, prices took a hit to go down to Rs.2,950 per gram, and then went down again to Rs.2,915 per gram on 27th.
    • The last 4 days of week 4 and 5 saw prices increase gradually to end the month at Rs.2,930 per gram.
    • Overall, gold prices in Mysore saw prices increase by 3.90%

    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

    Gold Rate In Metro Cities
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