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.

Gold Price Per Gram in Shimoga

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

22 & 24 Carat Gold Rate in Shimoga for the Last 5 Days

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

July 11, 2025

₹9,250

₹92,500

₹9,713

₹97,130

July 10, 2025

₹9,250

₹92,500

₹9,713

₹97,130

July 09, 2025

₹9,250

₹92,500

₹9,713

₹97,130

July 08, 2025

₹9,250

₹92,500

₹9,713

₹97,130

July 07, 2025

₹9,250

₹92,500

₹9,713

₹97,130

18 Carat Gold Rate in Shimoga for the Last 5 Days

Gold price in Shimoga with fluctuations in the last few days, is shown below:

Date

STANDARD GOLD 18K

1 Gram

10 Gram

July 11, 2025

₹7,568

₹75,680

July 10, 2025

₹7,568

₹ 75,680

July 09, 2025

₹7,568

₹75,680

July 08, 2025

₹7,568

₹75,680

July 07, 2025

₹7,568

₹75,680


Gold Rate in Shimoga - June 2025

Gold prices in Shimoga maintained their upward momentum in June 2025, showing a steady 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 June.

 

Gold Prices on 1st June 2025

  • 22-Karat Gold: ₹8,920 per gram
  • 24-Karat Gold: ₹9,731 per gram

 

Gold Prices on 30th June 2025

  • 22-Karat Gold: ₹8,915 per gram
  • 24-Karat Gold: ₹9,726 per gram

 

Highest Gold Price in June 2025

The highest recorded price of gold during the month was on 14th June 2025:

  • 22-Karat Gold: ₹9,320 per gram
  • 24-Karat Gold: ₹10,168 per gram

 

Lowest Gold Price in June 2025

The lowest recorded price of gold during the month was on 1st June 2025:

  • 22-Karat Gold: ₹8,915 per gram
  • 24-Karat Gold: ₹9,726 per gram

 

Overall Performance

Gold prices in Shimoga registered a percentage decrease of 0.05% for 22-karat gold and 0.05% for 24-karat gold during June 2025.

Gold Rate in Shimoga - May 2025

Gold prices in Shimoga continued their upward trend in May 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 31st of May.

 

Gold Prices on 1st May 2025

  • 22-Karat Gold: ₹8,775 per gram
  • 24-Karat Gold: ₹9,573 per gram

 

Gold Prices on 31st May2025

  • 22-Karat Gold: ₹8,920 per gram
  • 24-Karat Gold: ₹9,731 per gram

 

Highest Gold Price in May 2025

The highest recorded price of gold during the month was on 31st May 2025:

  • 22-Karat Gold: ₹8,920 per gram
  • 24-Karat Gold: ₹9,731 per gram

 

Lowest Gold Price in May 2025

The lowest recorded price of gold during the month was on 15th May 2025:

  • 22-Karat Gold: ₹8,610 per gram
  • 24-Karat Gold: ₹9,393 per gram

 

Overall Performance

Gold prices in Shimoga registered a percentage increase of 1.65% for 22-karat gold and 1.65% for 24-karat gold during May 2025.

Gold Rate in Shimoga - April 2025

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.

Factors That Affect Gold Prices in Shimoga

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.

Impact of GST on Gold Rates in Shimoga

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.

Impact of Gold Rates on Gold Loans in Shimoga

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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