What Is The Gold Rate Today In Mysore

The gold rate today in Mysore is closely watched by jewelers, investors, and individuals making significant purchases. Influenced by local demand, national market trends, and global factors like currency movements and geopolitical concerns, gold prices fluctuate frequently. As of July 18, 2025, the latest market update shows that different purity levels of gold 24 karat, 22 karat, and 18 karat are priced to meet various needs, whether for investment or festive jewelry purchases.

Gold Rate for 24 Karat, 22 Karat, and 18 Karat in Mysore

On July 18, 2025, the gold rates in Mysore per gram are as follows:

• 24 Karat (999) Gold: ₹9,938 per gram, up by ₹5 from the previous day.
• 22 Karat (916) Gold: ₹9,110 per gram, also up by ₹5.
• 18 Karat (750) Gold: ₹7,454 per gram, a smaller increase of ₹4.

Recent Price Changes

All three purities saw modest gains compared to the previous day, reflecting steady demand or shifts in global gold benchmarks:

• 24K rose ₹5 per gram
• 22K rose ₹5 per gram
• 18K rose ₹4 per gram

BankBazaar reports similar trends, citing ₹9,686 for 24K and ₹9,225 for 22K , ,

Understanding Gold Purity and Rates

Gold purity is measured by karats, with 24K being pure gold (99.9%). It is ideal for investment, coins, and bullion due to its high purity. However, it is soft and less practical for everyday jewelry.

• 22 Karat Gold: 91.6% pure, harder, and preferred for intricate jewelry in Mysore.
• 18 Karat Gold: 75% pure, even more durable, often used in contemporary designs.

Prices reflect both purity level and market dynamics, with investors often choosing 24K, and local buyers leaning toward 22K or 18K for traditional crafts.

Factors Influencing Gold Prices in Mysore

Local Demand and Festivals

Mysore’s cultural events, weddings, and festivals drive strong demand for gold jewelry, which increases prices locally.

Global Gold Trends

International gold prices rise or fall based on inflation, economic stability, and geopolitical tensions. These global shifts influence domestic rates in Mysore.

Currency Exchange Movements

Since gold is globally traded in US dollars, the strength of the Indian rupee affects local prices a weaker rupee raises rupee-denominated gold rates.

Import Costs and Taxes

Import duties, GST, and local levies accumulate on base rates, affecting the final price at Jaipur or Mysore jewellers.

How to Interpret the Gold Price Chart

Here’s a summary of per gram gold rates over the past ten days in Mysore:

• 24K: ₹9,938 (July 18), with small daily changes between +₹5 and -₹49.
• 22K: ₹9,110 (July 18), showing similar minor fluctuations.

These steady patterns affirm a stable local gold market supported by ongoing festive and investment interest.

Buying Gold in Mysore: What You Should Know

Choosing the Right Purity

Select 24K for investments; choose 22K or 18K for durable jewelry suited to customs and occasions in Mysore.

Tax and Pricing Awareness

• GST on jewelry is 3%, plus 5% on making charges.
• Always verify with local jewellers for real-time quotes including taxes.

Timing Matters

Gold prices can change multiple times a day. Finalize timing by reviewing morning, midday, and evening rates.

Compare Multiple Sources

Cross-check official updates (like GoodReturns, BankBazaar) with local jewellers for the best buying decision.

What It Means for You

Today’s gold rates in Mysore ₹9,938 for 24K, ₹9,110 for 22K, and ₹7,454 for 18K reveal a consistent market with modest upward momentum. These prices reflect Mysore’s strong cultural affinity for gold, matched with steady investment and consumer demand.

When buying gold, understanding purity levels, tax implications, and daily price movements will help ensure a smart and timely purchase. Whether for jewelry or investment, staying informed about rates and comparing multiple sources empowers you to make the right choice.

Keep monitoring Mysore’s gold rates throughout the day and make sure to consult trusted jewellers for the most accurate and updated pricing.