Take a look at the Live gold price of 18 Carat, 22 Carat, and 24 Carat in Shimoga today and make well-informed decisions for purchasing or investing in gold.
Gold has always been a valuable investment choice that offers financial security and protection against inflation. Staying updated on the current gold prices in Shimoga is crucial, whether you're purchasing jewellery or investing in gold as an asset. Tracking these rates ensures you make well-informed and profitable decisions.
Check out the gold price today in Shimoga for different weights below.
Gram |
22 Carat Gold Rate Today |
22 Carat Gold Rate Yesterday |
Daily Price Change |
1 Gram |
₹14,620 |
₹14,675 |
₹-55 |
10 Gram |
₹146,200 |
₹146,750 |
₹-550 |
Gold price in Shimoga with fluctuations in the last few days, is shown below:
Date |
STANDARD GOLD 22K |
STANDARD GOLD 24K |
||
1 Gram |
10 Gram |
1 Gram |
10 Gram |
|
May 27, 2026 |
₹14,620 |
₹146,200 |
₹15,351 |
₹153,510 |
May 26, 2026 |
₹14,675 |
₹146,750 |
₹15,409 |
₹154,090 |
May 25, 2026 |
₹14,720 |
₹147,200 |
₹15,456 |
₹154,560 |
May 24, 2026 |
₹14,690 |
₹146,900 |
₹15,425 |
₹154,250 |
May 23, 2026 |
₹14,690 |
₹146,900 |
₹15,425 |
₹154,250 |
Gold price in Shimoga with fluctuations in the last few days, is shown below:
Date |
STANDARD GOLD 18K |
|
1 Gram |
10 Gram |
|
May 27, 2026 |
₹11,962 |
₹119,620 |
May 26, 2026 |
₹12,007 |
₹ 120,070 |
May 25, 2026 |
₹12,044 |
₹120,440 |
May 24, 2026 |
₹12,019 |
₹120,190 |
May 23, 2026 |
₹12,019 |
₹120,190 |
Gold rates in Shimoga during April 2026, witnessed a gradual decrease with a moderate downward trend overall. Both 22K and 24K gold recorded noticeable fluctuations, and the highest as well as lowest rates were noted between April 1 and 30, as shown below.
Gold Prices on 1st April 2026
- 22-Karat Gold: ₹14,060 per gram
- 24-Karat Gold: ₹14,763 per gram
Gold Prices on 30th April 2026
- 22-Karat Gold: ₹13,920 per gram
- 24-Karat Gold: ₹14,616 per gram
Highest Gold Price in April 2026
The highest recorded price of gold during the month was on 18th April 2026:
- 22-Karat Gold: ₹14,390 per gram
- 24-Karat Gold: ₹15,110 per gram
Lowest Gold Price in April 2026
The lowest recorded price of gold during the month was on 30th April 2026:
- 22-Karat Gold: ₹13,920 per gram
- 24-Karat Gold: ₹14,616 per gram
Overall Performance
Gold rates in Shimoga dropped during April 2026, as prices for both 22K and 24K gold decreased by nearly -1.00% over the period.
Gold prices in Shimoga showed a downward trend in March 2026, showing a moderate decrease over the month. Both 22 Karat and 24 Karat gold witnessed price fluctuations, with the highest and lowest rates recorded between the 1st and 31st of March showed below.
Gold Prices on 1st March 2026
- 22-Karat Gold: ₹15,575 per gram
- 24-Karat Gold: ₹16,354 per gram
Gold Prices on 31st March 2026
- 22-Karat Gold: ₹13,795 per gram
- 24-Karat Gold: ₹14,485 per gram
Highest Gold Price in March 2026
The highest recorded price of gold during the month was on 2nd March 2026:
- 22-Karat Gold: ₹15,575 per gram
- 24-Karat Gold: ₹16,354 per gram
Lowest Gold Price in March 2026
The lowest recorded price of gold during the month was on 23rd March 2026:
- 22-Karat Gold: ₹12,945 per gram
- 24-Karat Gold: ₹13,592 per gram
Overall Performance
In March 2026, gold prices in Shimoga recorded a decline. During this period, both 22 Karat and 24 Karat gold prices fell by around -11.43%.
Gold prices in Shimoga experienced a steady upward movement throughout February 2026, reflecting a moderate overall rise. Both 22 Karat and 24 Karat gold saw fluctuations during the month, with the highest and lowest prices recorded between February 1 and February 28, as shown below.
Gold Prices on 1st February 2026
- 22-Karat Gold: ₹14,830 per gram
- 24-Karat Gold: ₹15,572 per gram
Gold Prices on 28th February 2026
- 22-Karat Gold: ₹14,920 per gram
- 24-Karat Gold: ₹15,666 per gram
Highest Gold Price in February 2026
The highest recorded price of gold during the month was on 25th February 2026:
- 22-Karat Gold: ₹14,940 per gram
- 24-Karat Gold: ₹15,687 per gram
Lowest Gold Price in February 2026
The lowest recorded price of gold during the month was on 3rd February 2026:
- 22-Karat Gold: ₹13,850 per gram
- 24-Karat Gold: ₹14,543 per gram
Overall Performance
Gold prices in Shimoga saw a steady increase throughout February 2026, with 22 Karat and 24 Karat gold gaining around 0.61%.
Gold prices in Shimoga are affected by several factors, such as:
Currency Exchange Rates
The value of the Indian Rupee compared to the US Dollar affects gold prices. A weaker rupee usually results in higher gold rates.
Global Market Trends
Gold prices are influenced by global events like political instability, economic slowdowns, or policy changes. In uncertain times, gold is often considered a safe investment.
Seasonal Demand
Festivals and weddings in India increase demand for gold, often driving prices higher. Conversely, during off-season periods, demand may decline, leading to lower rates.
Government Policies
Import restrictions, duties, and other regulations can directly impact gold prices in Shimoga.
Taxation
Taxes like GST increase the cost of gold. A higher tax rate makes gold more expensive overall.
The GST directly affects gold prices. Currently, a 3% GST is applied to the value of gold, along with an additional 5% GST on making charges for jewellery. These taxes increase the overall cost, so consider them when budgeting for your gold purchase.
Gold is often used as collateral for loans. The amount you can borrow depends on the current gold rate. As gold prices rise, the loan amount you are eligible for also increases. Financial marketplaces like Bajaj Markets allow you to compare various gold loan offers and apply online easily.
Frequently Asked Questions
How much pure gold is in 22-karat gold?
22-karat gold is composed of 91.67% pure gold. The remaining portion is made up of other metals like silver, copper, or zinc to enhance its durability and strength.
Which gold type should I choose: 22-karat or 24-karat?
If you are looking for investment purposes, 24-karat gold, which is 99.9% pure, is a better option. However, for jewellery, 22-karat gold is more durable and suitable as it contains a mix of metals that make it sturdy for regular use.
What is the GST rate applicable to gold in Shimoga?
The current GST rate on gold purchases is 3% of the item's value. Additionally, a 5% GST is applied to the making charges for gold jewellery.
Why is it important to check for a hallmark on gold items?
A hallmark certifies that the gold meets standard purity levels. It includes critical information such as the gold's karat level and ensures that your purchase is genuine and of high quality.
Where can I find trusted jewellers in Shimoga?
Ask the locals and check multiple online sources to locate some of the reliable jewellers in Shimoga. The region has several well-established jewellers known for their certified and high-quality gold items. Always choose jewellers with a reputation for transparency and authenticity to ensure a reliable purchase.
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