Gold Rate Today in Mysore, Karnataka โ Complete Guide (23 August 2026)
Today's gold rate in Mysore is โน16,315/gram (24K), โน14,950/gram (22K), and โน12,232/gram (18K). 1 Tola (11.6638 grams of 24K gold) costs โน1,90,294.897 in Mysore today. 10 grams of 24K gold costs โน1,63,150 and 10 grams of 22K gold costs โน1,49,500 in Mysore.
About Mysore: Mysore (officially Mysuru) is the second-most populous city and the cultural capital of Karnataka. It served as the capital of the Kingdom of Mysore for nearly six centuries under the Wodeyar dynasty. Located at the foothills of Chamundi Hills at an elevation of 740 m, Mysore is renowned globally for its majestic Mysore Palace, rich heritage, and grand Dussehra celebrations. The city is also famous for its unique local products like Mysore Silk, Mysore Sandal Soap, and the sweet Mysore Pak, and falls under the KA-09 RTO jurisdiction.
Mysore lies about 140 km south-west of Bangalore, connected by the 10-lane BangaloreโMysore Expressway (NH 275). It serves as a major trade and tourism gateway to Ooty, Kodagu (Coorg), Wayanad, and southernmost districts like Chamarajanagar. The city is a major regional retail gold hub, drawing buyers from Mandya, Kodagu, and Chamarajanagar. While national chains (Tanishq, Kalyan, Malabar, Joyalukkas) have huge showrooms near BN Road and Urs Road, centuries-old local family jewellers like A. Shankara Chetty & Sons still command massive local trust.
Gold Purity & Price Comparison in Mysore
| Purity | Karat | Gold % | Rate/gram | Best For |
|---|
| 999 | 24K | 99.9% | โน16,315 | Investment, Coins |
| 916 | 22K | 91.6% | โน14,950 | Jewellery |
| 750 | 18K | 75.0% | โน12,232 | Diamond Jewellery |
| 585 | 14K | 58.5% | โน9,544 | Fashion Jewellery |
Factors Affecting Gold Price in Mysore
- International Gold Prices: Mysore's gold rate follows global LBMA benchmarks converted to INR.
- USD/INR Exchange Rate: A weaker rupee makes imported gold more expensive in Mysore.
- Import Duty & GST: 15% import duty + 3% GST are included in the retail gold price.
- Local Demand: Wedding season and festivals drive up gold demand in Karnataka.
- Transportation & Dealer Margin: Minor โน0โ50/gram variation from the base indicative rate in Mysore.
Tax on Gold Purchase in Mysore
- GST: 3% on gold jewellery, coins, and bars purchased in Mysore
- Making Charges GST: 5% GST on making/labour charges at Mysore jewellers
- Capital Gains: Short-term (<3 years) โ income slab rate. Long-term (3+ years) โ 20% with indexation
- TDS: 1% TDS on gold purchases exceeding โน10 lakh per year
Where to Buy Gold in Mysore?
You can buy BIS-hallmarked gold in Mysore from trusted national and regional jewellery chains. Always look for the HUID (Hallmark Unique Identification) stamp and compare making charges (3โ25% depending on design) before buying.
๐ฌ Bhima Jewellers#96, D. Devaraj Urs Road, Devraj Mohalla570001
๐ฌ Malabar Gold and DiamondsBus Stand, New No: L-16 & L-16 A, Bangalore Nilgiri Road, KSRTC Suburban Road, Lashkar Mohalla570001
๐ฌ Tanishq Jewellery2927, Bangalore Nilgiri Rd, nearby Suburban Bus Stand, Lashkar Mohalla570001
๐ฌ Joyalukkas JewelleryBangalore Nilagiri Road, Lashkar Mohalla570001
๐ฌ A. Shankara Chetty & SonsDevaraj Urs Road, Devraj Mohalla570001
๐ฌ Sulthan Diamonds & GoldNext to Hotel Mazus Urban Express, Rajendra Nagar Main Rd570001
Other jewellers in Mysore:
- Jos Alukkas Jewellery - Bangalore Nilagiri Road, opp. Woodland Theater, Mandi Mohalla (PIN: 570010)
- Reliance Jewels - Shop No 36 & 37, Devraj Urs Road, Devaraja Mohalla (PIN: 570001)
- BlueStone Jewellery - 127/1, D Devaraj Urs Rd, Subbarayanakere (PIN: 570004)
- Tanishq Jewellery - Kalidasa Road - No 143, Shastry Navakuj, Kalidasa Rd, nearby Yes Bank, Jayalakshmipuram (PIN: 570012)
- Prakash Jewellers - Vinoba Rd, opp. Baniyan Tree, Subbarayanakere, Shivarampet (PIN: 570001)
- Lalitha Jewellery Mart - Door No 76/1, Ashoka Rd, Lashkar Mohalla (PIN: 570001)
- Thulasi And Thulasi Venkatachala Shetty Jewellers - 577, Ashoka Rd, Lashkar Mohalla (PIN: 570001)
Popular gold markets & jewellery hubs near Mysore:
- Devaraj Urs Road (main jewellery retail hub)
- Lashkar Mohalla (BN Road & Bangalore Nilgiri Road clusters)
- Ashoka Road traditional gold and silver market
- Devaraja Market & Shivarampet traditional areas
Gold Loan in Mysore
Banks and NBFCs in Mysoreoffer gold loans at 7-12% interest per annum. With today's 22K rate at โน14,950/gram, 10 grams of gold can fetch a loan of approximately โน1,12,125 (75% LTV). Top gold loan providers in Mysore: Muthoot Finance, Manappuram Finance, Muthoot Fincorp, IIFL Finance, Shriram Finance, Canara Bank, Karnataka Bank, State Bank of India (SBI) (absorbed State Bank of Mysore), Indian Bank, Union Bank of India, HDFC Bank, ICICI Bank, Federal Bank, Axis Bank, Karnataka Gramin Bank, Karnataka Vikas Grameena Bank (KVGB), Karnataka State Co-operative Apex Bank, Local District Central Co-operative (DCC) Banks, Rupeek.
Verified gold loan branches in Mysore:
๐ฐ Gold LoanMuthoot Finance Gold Loan2nd Floor, 11, D Devaraj Urs Rd, Subbarayanakere, Devaraj Urs Road570001
๐ฐ Gold LoanIIFL Gold LoanKhata No 85, RSG Complex, No 235, 1st Floor, Kumbara Koppal Main Rd, opposite to Vaishnavi Sweets, Hebbal570017
๐ฐ Gold LoanManappuram Finance - Gold Loan417/376, T Narsipura Rd, beside Poorvika Mobiles, Siddhartha Layout570011
๐ฐ Gold LoanMuthoot FinCorp Gold Loan1st Floor, No. 778, 12th Main Rd, above Tea Bench, TK Layout570009
๐ฐ Gold LoanChola Gold LoanGround Floor, No. 66B, 16th Cross Rd, near Apollo Pharmacy, Vidyaranyapura570008
More gold loan branches in Mysore:
- Muthoot Finance Gold Loan - Sri Sai Mansion, Vivekananda Nagar Rd, near Vivekananda Circle, Vivekanandanagar (PIN: 570034)
- Muthoot FinCorp Gold Loan - 1st Floor, Pooja Complex, No. 527/486, Dr Rajkumar Rd, near TC Circle, Shakthinagar (PIN: 570011)
- Muthoot FinCorp Gold Loan - No. 489, Sri Venkateshwara Krupa Building, NS Road, opposite Apollo Pharmacy, Chamundipuram (PIN: 570004)
- Muthoot Money Gold Loan - No 757, Ground Floor, Nirmithi Kendra Rd, opposite Kingston Residency, Bogadi 2nd Stage (PIN: 570006)
- Muthoot Finance Gold Loan - Building No. 158 Sowcar, Sahukar Chennaiah Road, opposite Akshara Party Hall, Gangothri Layout (PIN: 570009)
- Muthoot Money Gold Loan - Ground Floor, No. 157, Dakshineshwara Rd, near Gandharva Sangeetha Academy, Ramakrishnanagar (PIN: 570022)
- Muthoot Finance Gold Loan - No 5 & 5/1, Ground Floor, 13th Cross Rd, Kalidasa Rd, Jayalakshmipuram (PIN: 570012)
- Muthoot FinCorp Gold Loan - 1st Floor, Nanjundeswara Building, 67/14, Sayyaji Rao Rd, near SBI, Agrahara (PIN: 570004)
- Manappuram Finance Limited - Gold Loan - 52/166-2, New Kantharaj Urs Rd, beside Medplus, TK Layout (PIN: 570023)
- Manappuram Finance Limited - Gold Loan - 1st Floor, Ganapathi Temple Rd, near H.B.R. Silks, Lashkar Mohalla (PIN: 570001)
- IIFL Gold Loan - No 372/1, 1st Floor, Hunsur Rd, opposite TK Store, Hinkal (PIN: 570030)
- IIFL Gold Loan - SBM Complex, No 842 & 843A, 3rd Main Rd, opposite Vijaya Bank, Allanahalli, Allanahalli Layout (PIN: 570011)
- Rupeek Gold Loans - 1st Floor, 5 & 12, Vishwamanava Double Road, above SGS Nonveg Gundu Palav, Saraswathipuram (PIN: 570009)
- Chola Gold Loan - 1st Floor, Sri Cheluvanarayana Swamy Arcade, No. 443, Surya Bakery Main Rd, Lokanayaka Nagar, Lokanayaka Nagar (PIN: 570016)
- Shriram Finance Limited - Gold Loan - Ground Floor, Kamadenu Complex, No D3/496/1767, RP Road, Subbarayanakere, Chamrajpura (PIN: 570024)
Compare gold-loan interest rates, LTV and schemes across major banks on our gold loan banks page, or estimate how much you can borrow with the gold loan LTV calculator.
Gold Tradition & Culture in Karnataka
Karnataka is a major gold mining state with Kolar Gold Fields (KGF) being historically famous. Bangalore is a major retail gold market. Udupi and Mangalore have strong gold trading traditions.
Best time to buy gold in Mysore: Mysore Dasara / Navaratri (SepโOct) โ peak gold demand & traditional buying, Ugadi (MarโApr) โ Kannada New Year buying, Varamahalakshmi Vrata (Aug) โ women purchase gold coins/jewellery, Dhanteras & Diwali (OctโNov), Akshaya Tritiya (AprโMay).
Gold Investment Options in Mysore
- Physical Gold: Buy 22K/24K gold coins, bars, and jewellery from trusted Mysore jewellers.
- Sovereign Gold Bonds (SGBs): Government-backed, 2.5% annual interest + tax-free maturity. Buy from any bank in Mysore.
- Gold ETFs: Trade on NSE/BSE like shares. No storage hassle. Top picks: Nippon Gold ETF, SBI Gold ETF.
- Digital Gold: Buy from โน1 via Google Pay, PhonePe, Paytm. Gold stored in insured vaults.
- Gold Mutual Funds: Invest via SIP using our SIP Calculator.
๐ Essential Gold Investment Guides
Read our expert guides to understand gold pricing, tax rules, and smart investment strategies.
๐ฅ
What is 999 Gold? 24K Pure Gold Meaning & Price
999 gold means 24K โ 99.9% pure gold. Learn the 999 hallmark meaning, why it is too soft for jewellery but ideal for coins, bars & SGB, and how to verify purity.
Read full guide โ๐ฅ
What is 916 Gold? 22K Hallmark Meaning & Price
916 gold means 22K โ 91.6% pure gold with 8.4% alloy. Learn the 916 hallmark meaning, how to verify it with BIS HUID, price vs 24K, and why it is the standard for jewellery in India.
Read full guide โ๐
What is 18K Gold? 750 Hallmark Price & Use
18K gold means 75% pure gold + 25% alloy (BIS hallmark 750). Learn why 18K is the standard for diamond & studded jewellery, price vs 22K/24K, colour variants and how to verify it.
Read full guide โ๐
Gold Price Forecast 2026: Will Prices Increase or Decrease?
Expert analysis and predictions for gold prices in India. Understand global factors, inflation, and if it is the right time to invest.
Read full guide โโ๏ธ
22K (916) vs 24K Gold: Which One Should You Buy?
A complete guide on the difference between 22K and 24K gold. Learn which is better for jewellery and which is best for investment.
Read full guide โ๐งฎ
How to Calculate Gold Jewellery Price (GST & Making Charges)
Do not get cheated at the jewellery store. Learn exactly how to calculate the final price of gold jewellery including making charges and 3% GST.
Read full guide โ๐๏ธ
Sovereign Gold Bonds (SGB) vs Physical Gold
Why buying digital gold or SGBs might be a better investment than physical gold. Compare returns, safety, and tax benefits.
Read full guide โ๐ธ
Gold Loan vs Personal Loan: Which is Better?
Need cash urgently? Discover why taking a gold loan is faster, cheaper, and has lower interest rates compared to a standard personal loan.
Read full guide โ๐
What is HUID? How to Check BIS Hallmark Gold Purity
Always verify the purity of your gold. Learn how to use the BIS Care App and the 6-digit HUID code to check if your gold is truly 916 hallmarked.
Read full guide โ1๏ธโฃ
What is 1 Gram Gold Rate Today? Live Price per Gram
Understand how the 1-gram gold rate is fixed each morning, the live 24K/22K/18K per-gram price, and why the gram is the base unit for every other gold weight.
Read full guide โ๐
10 Gram Gold Price Today (1 Tola) โ Exact Rate & Charges
10 grams equals 1 tola. See the exact 10g price for 24K/22K/18K, plus how making charges and GST push the final jeweller bill higher.
Read full guide โ๐ช
1 Pavan (8 Gram) Gold Rate Explained
1 Pavan (Sovereign) = 8 grams โ the traditional jewellery weight unit used in Kerala and Tamil Nadu. See todayโs 1 Pavan gold value and how it is priced.
Read full guide โ๐
Gold Price History โ Last 30 Days Trend
Track the daily 30-day gold rate movement for 24K and 22K, including the biggest single-day jumps, drops and the reasons behind them.
Read full guide โ๐
Gold Rate Last 1 Year Trend โ Returns & Milestones
The full 12-month gold price movement, annual returns, record highs and what drove gold across the past one year in India.
Read full guide โ๐
10-Year Gold Price History (2016โ2026) โ CAGR & Milestones
A decade of gold prices in India: the 10-year CAGR, every major milestone, and why gold has been one of the best-performing assets of the period.
Read full guide โ๐
Why Gold Price Changes Daily โ 7 Key Factors Explained
The exact mechanism behind daily gold rate changes: international spot price, USD/INR, import duty, GST, RBI moves, demand and geopolitics.
Read full guide โโฐ
Best Time to Buy Gold in India โ Months, Festivals & SIP
When is gold genuinely cheaper? Learn the off-season dip months, festival timing, and why SIP beats trying to time the market.
Read full guide โ๐งพ
Gold Price GST Breakup Explained โ Import Duty + 3% GST
See the layer-by-layer breakup of the gold price: international price, ~15% import duty, 3% GST and making charges โ and where jewellers hide cost.
Read full guide โ๐๏ธ
MCX Gold Price vs Retail Price โ Whatโs the Difference?
Why the rate your jeweller quotes is higher than the MCX commodity price. Understand the IBJA benchmark, premiums and the retail vs exchange gap.
Read full guide โ๐
Gold Rate Morning vs Evening โ Is It the Same?
Indian gold rate is fixed once a day, in the morning. Learn why the evening rate is the same, how the morning fix works, and the rare same-day revisions.
Read full guide โโ Frequently Asked Questions โ Mysore
โธ What is today's gold rate in Mysore?
Today's gold rate in Mysore (Karnataka): 24K = โน16,315/gram, 22K = โน14,950/gram, 18K = โน12,232/gram. 1 Tola (เฒคเณเฒฒ) = โน1,74,373.81.
โธ Why is the gold rate in Mysore different from Bangalore?
The gold rate in Mysore is practically identical to Bangalore. Both cities track similar daily indicative gold rates, which broadly follow the national benchmark published by industry bodies such as the India Bullion and Jewellers Association (IBJA). Any minor difference of โน0โ50 per gram is due to individual jeweller margins, transport overheads, and local trade association recommendations. Before buying, compare making charges, which vary more than the base gold rate.
โธ Where is the best place to buy gold in Mysore?
The premier shopping hub for gold and diamond jewellery in Mysore is D Devaraj Urs Road (housing showrooms like Bhima, Reliance Jewels, BlueStone, Mia by Tanishq, Kushal's, and heritage jewellers like A. Shankara Chetty & Sons). Another major cluster is on BN Road and Bangalore Nilgiri Road near the Suburban Bus Stand, which hosts major multi-story showrooms of Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas.
โธ Which banks and NBFCs offer gold loans in Mysore?
Mysore has a dense network of gold loan providers, especially in Kuvempunagar, Vidyaranyapura, and Lashkar Mohalla. Major NBFCs include Muthoot Finance (branches on New Kantharaj Urs Road, Vivekanandanagar, Hebbal), Manappuram Finance (Poornima Complex, Kuvempunagar, Siddhartha Layout, JSS Layout), and IIFL Finance (Sri Annapoorneswari Complex, Kuvempunagar, Vidyaranyapura). Leading public and private banks like SBI, Canara Bank, and HDFC also offer gold loans with competitive LTVs (up to 75% of gold value) and interest rates ranging from 7% to 12% p.a.
โธ Did gold price go up or down today in Mysore?
Gold price remained unchanged today in Mysore. 24K is โน16,315/gram, 22K is โน14,950/gram, 18K is โน12,232/gram.
โธ Why did gold price rise today in Mysore?โผ
Today gold rate remained unchanged on 23 August 2026 (Sunday), with the 22K gold price holding at Saturday's level. The main reason gold rate today has not changed is the weekend closure of major international bullion markets, which means there is no fresh global gold price discovery on Sunday.
Read full market analysis โโธ What is 22K gold rate in Mysore today?โผ
โธ How much does 1 Tola (เฒคเณเฒฒ) gold cost in Mysore?โผ
1 Tola (เฒคเณเฒฒ) is equal to 11.6638 grams of 24K gold. Today's 1 Tola (เฒคเณเฒฒ) price in Mysore is โน1,90,294.897.
โธ What is 10 gram gold price in Mysore?โผ
โธ Is gold rate same in Mysore and other cities?โผ
Largely yes. Gold rates across India broadly follow a single national benchmark (aligned with IBJA's daily published rate). However, minor variations (โน0-50/gram) exist in Mysore due to local taxes, transportation cost, octroi, and local jeweller associations' policies.
โธ Where to buy gold in Mysore?โผ
You can buy gold in $Mysore from top showrooms like Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers, Joyalukkas, and certified local retailers. Always look for the BIS Hallmark logo and HUID number.
Full HUID verification guide โโธ What is making charge in Mysore jewellers?โผ
Making charges in $Mysore range from 3% to 25% of the gold price depending on style. Plain chains or bangles range from 3% to 8%, while intricate bridal ornaments or temple designs range from 15% to 25%. GST of 5% applies to making charges separately.
Full jewellery price calculator โโธ Can I get gold loan in Mysore?โผ
Yes. Banks and NBFCs in Mysore offer gold loans up to 75% of the gold's value at 7-12% interest rates. 10g of 22K gold (โน1,49,500) can fetch a loan of ~โน1,12,125. Major providers include SBI, Muthoot Finance, and Manappuram.
Compare gold loan options โ SBI Gold Loan โโธ What tax do I pay on gold in Mysore?โผ
Buying gold jewellery attracts 3% GST on the gold value, plus 5% GST on the making charges. A 1% TDS applies if you purchase gold worth more than โน10 lakh in cash.
Full gold price GST breakup โโธ Is gold a good investment in Mysore?โผ
โธ What is 916 gold in Mysore?โผ
โธ How to check gold purity in Mysore?โผ
Look for the BIS Hallmark stamp (which includes the BIS triangular logo, 916/750 purity mark) and the unique 6-character HUID alphanumeric code. You can verify the HUID using the BIS Care app.
Step-by-step HUID check โโธ Is gold a good investment in 2026?โผ
โธ Where can I find accurate gold rate in Mysore daily?โผ
WealthMinty publishes indicative daily gold rates for Mysore, covering 24K, 22K, and 18K prices. Rates are manually curated by our editorial team from public bullion market data, updated daily, with 1-month price history, gold weight calculator, and nearby city comparison.
View all India gold rates โโธ What is the gold rate trend this month in Mysore?โผ
โธ How much gold can I buy for โน1 lakh in Mysore?โผ
At today's rate in Mysore, โน1,00,000 can buy 6.13 grams of 24K gold or 6.69 grams of 22K gold. For โน50,000, you get 3.06g (24K) or 3.34g (22K). Making charges (3-25%) and 3% GST are extra.
โธ What is the gold rate for 1 gram, 1 pavan (8g) and 10 grams today in Mysore?โผ
Today's 22K (916) gold rate in Mysore is โน14,950 per gram. So 1 pavan / 1 Tola (เฒคเณเฒฒ, 11.6638g) = โน1,90,294.897 and 10 grams (1 tola) = โน1,49,500. See the weight-by-weight maths in our
1 gram,
1 pavan (8 gram) and
10 gram gold rate guides.
โธ Is the gold rate the same in the morning and evening in Mysore?โผ
For the retail rate a jeweller in Mysore will quote, yes โ jewellers fix their daily rate once in the morning (around 10:00 AM IST, after IBJA publishes its benchmark) and keep it all day. The MCX futures price ticks through the day, but that only feeds into the next morning's fix. See our
morning vs evening gold rate explainer and
why gold price changes daily.
โธ What is the difference between MCX gold price and the retail rate in Mysore?โผ
MCX is the futures price (per 10 grams, ex-duty/ex-GST) at which gold contracts trade on the exchange โ it moves continuously. The retail rate a Mysore jeweller charges per gram already bundles in import duty (~15%) + 3% GST + the jeweller's margin, so it is always higher. Read our full
MCX vs retail gold price comparison.
๐ People Also Search For