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 |
₹9,250 |
₹9,250 |
₹0 |
10 Gram |
₹92,500 |
₹92,500 |
₹0 |
100 Gram |
₹925,000 |
₹925,000 |
₹0 |
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 |
|
June 30, 2025 |
₹9,250 |
₹92,500 |
₹9,713 |
₹97,130 |
June 29, 2025 |
₹9,250 |
₹92,500 |
₹9,713 |
₹97,130 |
June 28, 2025 |
₹9,250 |
₹92,500 |
₹9,713 |
₹97,130 |
June 27, 2025 |
₹9,250 |
₹92,500 |
₹9,713 |
₹97,130 |
June 26, 2025 |
₹9,235 |
₹92,350 |
₹9,697 |
₹96,970 |
Gold price in Shimoga with fluctuations in the last few days, is shown below:
Date |
STANDARD GOLD 18K |
|
1 Gram |
10 Gram |
|
June 30, 2025 |
₹7,568 |
₹75,680 |
June 29, 2025 |
₹7,568 |
₹ 75,680 |
June 28, 2025 |
₹7,568 |
₹75,680 |
June 27, 2025 |
₹7,568 |
₹75,680 |
June 26, 2025 |
₹7,556 |
₹75,560 |
Gold prices in Shimoga continued their upward trend in April 2025, showing a moderate increase over the month. Both 22-karat and 24-karat gold witnessed price fluctuations, with the highest and lowest rates recorded between the 1st and 30th of April.
The highest recorded price of gold during the month was on 24th April 2025:
The lowest recorded price of gold during the month was on 7th April 2025:
Gold prices in Shimoga showed a +4.77% increase in April 2025.
Gold prices in Shimoga continued their upward trend in March 2025, showing a moderate increase over the month. Both 22-karat and 24-karat gold witnessed price fluctuations, with the highest and lowest rates recorded between the 1st and 31th of March.
The highest recorded price of gold during the month was on 26th March 2025:
The lowest recorded price of gold during the month was on 4th March 2025:
Gold prices in Shimoga showed a +2.67% increase in March 2025.
Gold prices in Shimoga continued their upward trend in February 2025, showing a moderate increase over the month. Both 22-karat and 24-karat gold witnessed price fluctuations, with the highest and lowest rates recorded between the 1st and 28th of February.
The highest recorded price of gold during the month was on 22nd February 2025:
The lowest recorded price of gold during the month was on 5th February 2025:
Gold prices in Shimoga showed a +1.47% increase in February 2025.
Gold prices in Shimoga are affected by several factors, such as:
The value of the Indian Rupee compared to the US Dollar affects gold prices. A weaker rupee usually results in higher gold rates.
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.
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.
Import restrictions, duties, and other regulations can directly impact gold prices in Shimoga.
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.
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.
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.
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.
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.
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.