Gold Rate Today in Mysore, Karnataka — Complete Guide (7 August 2026)
Today's gold rate in Mysore is ₹14,994/gram (24K), ₹13,740/gram (22K), and ₹11,242/gram (18K). 1 Tola (11.6638 grams of 24K gold) costs ₹1,74,887.017 in Mysore today. 10 grams of 24K gold costs ₹1,49,940 and 10 grams of 22K gold costs ₹1,37,400 in Mysore. 22K gold price has increased by ₹15 compared to yesterday.
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 Bangalore–Mysore 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% | ₹14,994 | Investment, Coins |
| 916 | 22K | 91.6% | ₹13,740 | Jewellery |
| 750 | 18K | 75.0% | ₹11,242 | Diamond Jewellery |
| 585 | 14K | 58.5% | ₹8,771 | 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 ₹0–50/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) — income slab rate. Long-term (3+ years) — 20% with indexation
- TDS: 1% TDS on gold purchases exceeding ₹10 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 (3–25% depending on design) before buying.
🏬 Bhima Jewellers#96, D. Devaraj Urs Road, Devraj Mohalla570001
🏬 Malabar Gold and DiamondsBus Stand, New No: L-16 & L-16 A, Bangalore Nilgiri Road, KSRTC Suburban Road, Lashkar Mohalla570001
🏬 Tanishq Jewellery2927, Bangalore Nilgiri Rd, nearby Suburban Bus Stand, Lashkar Mohalla570001
🏬 Joyalukkas JewelleryBangalore Nilagiri Road, Lashkar Mohalla570001
🏬 A. Shankara Chetty & SonsDevaraj Urs Road, Devraj Mohalla570001
🏬 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 ₹13,740/gram, 10 grams of gold can fetch a loan of approximately ₹1,03,050 (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:
💰 Gold LoanMuthoot Finance Gold Loan2nd Floor, 11, D Devaraj Urs Rd, Subbarayanakere, Devaraj Urs Road570001
💰 Gold LoanIIFL Gold LoanKhata No 85, RSG Complex, No 235, 1st Floor, Kumbara Koppal Main Rd, opposite to Vaishnavi Sweets, Hebbal570017
💰 Gold LoanManappuram Finance - Gold Loan417/376, T Narsipura Rd, beside Poorvika Mobiles, Siddhartha Layout570011
💰 Gold LoanMuthoot FinCorp Gold Loan1st Floor, No. 778, 12th Main Rd, above Tea Bench, TK Layout570009
💰 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 (Sep–Oct) — peak gold demand & traditional buying, Ugadi (Mar–Apr) — Kannada New Year buying, Varamahalakshmi Vrata (Aug) — women purchase gold coins/jewellery, Dhanteras & Diwali (Oct–Nov), Akshaya Tritiya (Apr–May).
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 ₹1 via Google Pay, PhonePe, Paytm. Gold stored in insured vaults.
- Gold Mutual Funds: Invest via SIP using our SIP Calculator.
📚 Essential Gold Investment Guides
Read our expert guides to understand gold pricing, tax rules, and smart investment strategies.
🥇
What is 999 Gold? 24K Pure Gold Meaning & Price
999 gold means 24K — 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 ➔🥇
What is 916 Gold? 22K Hallmark Meaning & Price
916 gold means 22K — 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 ➔💎
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 ➔📈
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 ➔⚖️
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 ➔🧮
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 ➔🏛️
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 ➔💸
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 ➔🔍
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 ➔❓ Frequently Asked Questions — Mysore
▸ What is today's gold rate in Mysore?
Today's gold rate in Mysore (Karnataka): 24K = ₹14,994/gram, 22K = ₹13,740/gram, 18K = ₹11,242/gram. 1 Tola (ತೋಲ) = ₹1,60,260.612.
▸ 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 ₹0–50 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.
▸ 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.
▸ 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.
▸ Did gold price go up or down today in Mysore?
Gold price increased by ₹16 per gram today in Mysore. 24K is now ₹14,994/gram, 22K is ₹13,740/gram, 18K is ₹11,242/gram.
▸ Why did gold price rise today in Mysore?▼
Today gold rate increased by ₹15 per gram for 22K gold on 07 August 2026 (Friday). The rise in gold rate today was modest compared with Thursday's sharp move, but it came against a stronger global bullion backdrop.
Read full market analysis →▸ What is 22K gold rate in Mysore today?▼
▸ How much does 1 Tola (ತೋಲ) gold cost in Mysore?▼
1 Tola (ತೋಲ) is equal to 11.6638 grams of 24K gold. Today's 1 Tola (ತೋಲ) price in Mysore is ₹1,74,887.017.
▸ What is 10 gram gold price in Mysore?▼
10 grams of 24K pure gold costs ₹1,49,940 in Mysore. 10 grams of 22K gold costs ₹1,37,400, and 10 grams of 18K gold costs ₹1,12,420.
▸ Is gold rate same in Mysore and other cities?▼
Largely yes. Gold rates across India broadly follow a single national benchmark (aligned with IBJA's daily published rate). However, minor variations (₹0-50/gram) exist in Mysore due to local taxes, transportation cost, octroi, and local jeweller associations' policies.
▸ Where to buy gold in Mysore?▼
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 →▸ What is making charge in Mysore jewellers?▼
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 →▸ Can I get gold loan in Mysore?▼
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 (₹1,37,400) can fetch a loan of ~₹1,03,050. Major providers include SBI, Muthoot Finance, and Manappuram.
Compare gold loan options → SBI Gold Loan →▸ What tax do I pay on gold in Mysore?▼
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 ₹10 lakh in cash.
▸ Is gold a good investment in Mysore?▼
Yes, gold has delivered a consistent 12-15% annual return over the last decade. If you want to avoid storage costs, consider investing in
Sovereign Gold Bonds (SGBs) or Gold ETFs instead of physical ornaments.
▸ What is 916 gold in Mysore?▼
▸ How to check gold purity in Mysore?▼
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 →▸ Is gold a good investment in 2026?▼
▸ Where can I find accurate gold rate in Mysore daily?▼
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 →▸ What is the gold rate trend this month in Mysore?▼
Gold prices in Mysore broadly track national benchmark rates with minor local adjustments. View the 30-day gold rate history chart above for daily price movements in Mysore. Current 24K: ₹14,994/gram, 22K: ₹13,740/gram.
Read gold rate trend analysis →▸ How much gold can I buy for ₹1 lakh in Mysore?▼
At today's rate in Mysore, ₹1,00,000 can buy 6.67 grams of 24K gold or 7.28 grams of 22K gold. For ₹50,000, you get 3.33g (24K) or 3.64g (22K). Making charges (3-25%) and 3% GST are extra.
🔍 People Also Search For