Gold Rate In Shimoga Today

  • Today's Gold Rate in Shimoga( 21 Oct 2021 )

    ₹ 4,590
    Today's Gold Rate (22K) per gram

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

    Today
    Yesterday
    Rate Change
    Standard Gold (22 K) ( 1 gram ) ₹ 4,590 ₹ 4,575 ₹ 15 ↑
    Standard Gold (22 K) ( 8 grams ) ₹ 36,720 ₹ 36,600 ₹ 120 ↑
    Pure Gold (24 K) ( 1 gram ) ₹ 4,820 ₹ 4,804 ₹ 16 ↑
    Pure Gold (24 K) ( 8 grams ) ₹ 38,560 ₹ 38,432 ₹ 128 ↑

    Daily Gold Rates

    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    20 Oct 2021 ₹ 4,590 ₹ 36,720 ₹ 4,820 ₹ 38,560
    19 Oct 2021 ₹ 4,575 ₹ 36,600 ₹ 4,804 ₹ 38,432
    18 Oct 2021 ₹ 4,575 ₹ 36,600 ₹ 4,804 ₹ 38,432
    17 Oct 2021 ₹ 4,565 ₹ 36,520 ₹ 4,793 ₹ 38,344
    16 Oct 2021 ₹ 4,565 ₹ 36,520 ₹ 4,793 ₹ 38,344
    15 Oct 2021 ₹ 4,625 ₹ 37,000 ₹ 4,856 ₹ 38,848
    14 Oct 2021 ₹ 4,615 ₹ 36,920 ₹ 4,846 ₹ 38,768
    13 Oct 2021 ₹ 4,560 ₹ 36,480 ₹ 4,788 ₹ 38,304
    12 Oct 2021 ₹ 4,560 ₹ 36,480 ₹ 4,788 ₹ 38,304
    11 Oct 2021 ₹ 4,535 ₹ 36,280 ₹ 4,762 ₹ 38,096

    Gold Rate Trend

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    • 6 Months

    *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 Shimoga

    Shimoga or Shivamogga as it is known today, is an emerging city in India with a deep rooted love for gold. As a district headquarters, Shimoga attracts people from across the state, with a number of industries located here. These industries have led to the city becoming moderately prosperous, providing an opportunity to residents to invest in gold. Gold rates in the city are primarily determined by international trends, after accounting for local taxes. The sale of gold in Shimoga picks up during festivals, with Diwali and Dussera considered as good times to buy gold.

    Trend of Gold Rate in Shimoga 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 Gold Rate in Shimoga 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 Gold Rate in Shimoga 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 Gold Rate in Shimoga 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 Gold Rate in Shimoga 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 Gold Rate in Shimoga 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%

    Trend of Gold Rate in Shimoga 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%

    Trend of Gold Rate in Shimoga 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 investment avenues in Shimoga

    Gold has been a popular investment option in Shimoga, with it being passed on from one generation to another. Gold sales peak during festivals and the wedding season, thanks to it being viewed as auspicious. With the government issuing a new gold scheme, one could expect gold to be more accessible to residents. The other options when it comes to investing in gold in Shimoga are mentioned below.

    Over-the-counter – Purchasing gold from jewellers remains the most popular mode of owning gold in the city, with people choosing to purchase it primarily in the form of jewellery. Gold coins and bars are other options available to people. Jewellers cater to a diverse consumer base, offering a number of products at different rates. Typically, gold purchased from well-known jewellers or banks can be costlier, primarily due to the fact that a purity certificate is provided with each purchase.

    Market trade – With access to the internet, one can purchase gold without being physically present there. Gold ETFs, futures contracts and E-gold are some of the options available to one in India, with the Mumbai Stock Exchange and National Stock Exchange providing a platform through which people can trade in gold.

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