Take a look at the Live gold price of 18 karat, 22 karat and 24 karat 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 |
₹9,060 |
₹9,210 |
₹-150 |
10 Gram |
₹90,600 |
₹92,100 |
₹-1500 |
100 Gram |
₹906,000 |
₹921,000 |
₹-15000 |
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 09, 2025 |
₹9,060 |
₹90,600 |
₹9,513 |
₹95,130 |
June 08, 2025 |
₹9,210 |
₹92,100 |
₹9,671 |
₹96,710 |
June 07, 2025 |
₹9,210 |
₹92,100 |
₹9,671 |
₹96,710 |
June 06, 2025 |
₹9,210 |
₹92,100 |
₹9,671 |
₹96,710 |
June 05, 2025 |
₹9,170 |
₹91,700 |
₹9,629 |
₹96,290 |
Gold price in Shimoga with fluctuations in the last few days, is shown below:
Date |
STANDARD GOLD 18K |
|
1 Gram |
10 Gram |
|
June 09, 2025 |
₹7,413 |
₹74,130 |
June 08, 2025 |
₹7,535 |
₹ 75,350 |
June 07, 2025 |
₹7,535 |
₹75,350 |
June 06, 2025 |
₹7,535 |
₹75,350 |
June 05, 2025 |
₹7,503 |
₹75,030 |
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.
Gold Prices on 1st April 2025
- 22-Karat Gold: ₹9,210 per gram
- 24-Karat Gold: ₹9,990 per gram
Gold Prices on 30th April 2025
- 22-Karat Gold: ₹9,650 per gram
- 24-Karat Gold: ₹10,500 per gram
Highest Gold Price in April 2025
The highest recorded price of gold during the month was on 24th April 2025:
- 22-Karat Gold: ₹9,740 per gram
- 24-Karat Gold: ₹10,590 per gram
Lowest Gold Price in April 2025
The lowest recorded price of gold during the month was on 7th April 2025:
- 22-Karat Gold: ₹9,170 per gram
- 24-Karat Gold: ₹9,950 per gram
Overall Performance
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.
Gold Prices on 1st March 2025
- 22-Karat Gold: ₹8,970 per gram
- 24-Karat Gold: ₹9,740 per gram
Gold Prices on 31st March 2025
- 22-Karat Gold: ₹9,210 per gram
- 24-Karat Gold: ₹9,990 per gram
Highest Gold Price in March 2025
The highest recorded price of gold during the month was on 26th March 2025:
- 22-Karat Gold: ₹9,240 per gram
- 24-Karat Gold: ₹10,020 per gram
Lowest Gold Price in March 2025
The lowest recorded price of gold during the month was on 4th March 2025:
- 22-Karat Gold: ₹8,950 per gram
- 24-Karat Gold: ₹9,720 per gram
Overall Performance
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.
Gold Prices on 1st February 2025
- 22-Karat Gold: ₹8,840 per gram
- 24-Karat Gold: ₹9,600 per gram
Gold Prices on 28 th February 2025
- 22-Karat Gold: ₹8,970 per gram
- 24-Karat Gold: ₹9,740 per gram
Highest Gold Price in February 2025
The highest recorded price of gold during the month was on 22nd February 2025:
- 22-Karat Gold: ₹9,000 per gram
- 24-Karat Gold: ₹9,770 per gram
Lowest Gold Price in February 2025
The lowest recorded price of gold during the month was on 5th February 2025:
- 22-Karat Gold: ₹8,800 per gram
- 24-Karat Gold: ₹9,560 per gram
Overall Performance
Gold prices in Shimoga showed a +1.47% increase in February 2025.
Investing in gold is a popular choice in India. Here are the common ways you can invest in gold in Shimoga:
Physical Gold
This traditional investment method involves investing in gold coins, bars, or jewellery. Prices vary depending on purity levels and market trends. To ensure quality, buy physical gold from trusted jewellers in Shimoga.
Digital Gold
Digital gold allows for modern and flexible investments. You can start with as little as ₹1, and the gold equivalent is safely stored in secure vaults. This option eliminates concerns about physical storage and security.
Gold ETFs
Gold ETFs are traded on stock exchanges and represent units backed by physical gold. They provide an efficient way to invest in gold without dealing with physical assets.
Gold Mutual Funds
A gold mutual fund manager typically invests the pooled money in companies linked to gold mining. These funds require minimal initial investment, making them accessible to many investors.
Sovereign Gold Bonds
Issued by the Reserve Bank of India (RBI), Sovereign Gold Bonds (SGBs) are among the safest ways to invest in gold. They offer periodic interest and are denominated in grams of gold, ensuring both safety and returns.
When purchasing gold, keep these factors in mind to make the most of your investment:
Current Gold Price
The price of gold varies based on domestic and international market trends. Monitor the latest gold rates in Shimoga to avoid overpaying.
Purity Verification
Gold is available in multiple purity levels, including 18 karats, 22 karats, and 24 karats. Higher purity translates to higher value, so check the karat level before purchasing.
Reputed Sellers
Always purchase gold from trusted jewellers in Shimoga to ensure authenticity and quality.
Hallmark Certification
The Bureau of Indian Standards (BIS) hallmark certifies the purity of gold. Check for this mark to ensure you are buying genuine gold.
Additional Costs
Making charges and taxes can significantly add to the overall cost of gold. Be aware of these charges to plan your purchase effectively.
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.
Hallmark Certification
Look for the BIS hallmark, which guarantees gold purity. It includes details like the BIS logo, the karat level, and a unique Hallmark Unique Identification (HUID) number.
Density Test
Pure gold has a specific density of 19.3 g/cm³. Comparing the item's weight and volume to this standard can help you identify impurities.
Magnet Test
Gold is non-magnetic. If your item is attracted to a magnet, it likely contains other metals, indicating it is not pure gold.
Nitric Acid Test
This chemical test involves scratching the gold and applying nitric acid to the area. Pure gold remains unaffected, while impure gold may show reactions. It is best to perform this test under professional supervision.
Visual Inspection
Inspect the gold item for tarnishing or uneven colouring. Pure gold does not tarnish, so visible discolouration may indicate impurities.
X-Ray Fluorescence Testing
Jewellers often use X-ray machines to check the composition of gold. This method is precise and non-invasive, offering accurate results.
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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