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Gold Rate In Shimoga Today

India's Shimoga, or Shivamogga as it is now known, is a developing city with a strong affinity for gold. Shimoga draws visitors from all across the state since it is the district headquarters and home to a lot of enterprises. The city has become reasonably rich as a result of these enterprises, giving locals the chance to invest in gold. After taking into account local taxes, worldwide trends in the city mostly decide gold pricing. During holidays, the selling of gold in Shimoga increases; Diwali and Dussehra are seen as favourable occasions to purchase gold.

Today Gold Price in Major Indian Cities

City22 Carat Gold Price Today24 Carat Gold Price Today
Belgaum ₹57,600₹60,480
Gurgaon ₹57,600₹60,480
Nagercoil ₹57,600₹60,480
Erode ₹57,600₹60,480
Solapur ₹57,600₹60,480
Meerut ₹57,600₹60,480
Thrissur ₹57,600₹60,480
Chandigarh ₹57,600₹60,480
Raipur ₹57,600₹60,480
Amritsar ₹57,600₹60,480
Surat ₹57,600₹60,480
Proddatur ₹57,600₹60,480
Jalgaon ₹57,600₹60,480
Mangalore ₹57,600₹60,480
Ludhiana ₹57,600₹60,480
Bhopal ₹57,600₹60,480
Thane ₹57,600₹60,480
Nellore ₹57,600₹60,480
Bhubaneswar ₹57,600₹60,480
Nashik ₹57,600₹60,480
Kochi ₹57,600₹60,480
Visakhapatnam ₹57,600₹60,480
Salem ₹57,600₹60,480
Nagpur ₹57,600₹60,480
Patna ₹57,600₹60,480
Indore ₹57,600₹60,480
Lucknow ₹57,600₹60,480
Jaipur ₹57,600₹60,480
Mysore ₹57,600₹60,480
Madurai ₹57,600₹60,480
Coimbatore ₹57,600₹60,480
Ahmedabad ₹57,600₹60,480
Kolkata ₹57,600₹60,480
Vijayawada ₹57,600₹60,480
Pune ₹57,600₹60,480
Delhi ₹57,600₹60,480
Hyderabad ₹57,600₹60,480
Bangalore ₹57,600₹60,480
Chennai ₹57,600₹60,480
Varanasi ₹57,600₹60,480
Ghaziabad ₹57,600₹60,480
Shimla ₹57,600₹60,480
Nizamabad ₹57,600₹60,480
Shimoga ₹57,600₹60,480
Jhansi ₹57,600₹60,480
Kozhikode ₹57,600₹60,480
Ratlam ₹57,600₹60,480
Karur ₹57,600₹60,480
Jodhpur ₹57,600₹60,480
Rourkela ₹57,600₹60,480
Kakinada ₹57,600₹60,480
Kurnool ₹57,600₹60,480
Khammam ₹57,600₹60,480
Udaipur ₹57,600₹60,480
Latur ₹57,600₹60,480
Karimnagar ₹57,600₹60,480
Kolhapur ₹57,600₹60,480
Ahmednagar ₹57,600₹60,480
Berhampur ₹57,600₹60,480
Kumbakonam ₹57,600₹60,480
Faridabad ₹57,600₹60,480
Ranchi ₹57,600₹60,480
Cuttack ₹57,600₹60,480
Gorakhpur ₹57,600₹60,480
Jabalpur ₹57,600₹60,480
Allahabad ₹57,600₹60,480
Ambala ₹57,600₹60,480
Nanded ₹57,600₹60,480
Amravati ₹57,600₹60,480
Gold Price in Shimoga
Check Price in India
Day22 Carat24 CaratChange
Above Price as per 10 gm
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Today 22 Carat Gold Rate in Shimoga

Day1 gram8 gram10 gram100 gramChange
Today Price₹5,760₹46,080₹57,600₹5,76,0000.0%
Yesterday Price₹5,760₹46,080₹57,600₹5,76,0000.0%

Today 24 Carat Gold Rate in Shimoga

Day1 gram8 gram10 gram100 gramChange
Today Price₹6,048₹48,384₹60,480₹6,04,8000.0%
Yesterday Price₹6,048₹48,384₹60,480₹6,04,8000.0%

Best Places To Buy Gold In Shimoga

In Shimoga, gold has long been a favoured investment choice that has been passed down from one generation to the next. Due to its favourable reputation, gold sales are at their highest during religious celebrations and the wedding season. One could anticipate that citizens would have easier access to gold as a result of the government's new gold programme. So, here is a list of some of the best places in Shimoga from where you can purchase gold -

  • Bluestone Jewellery - The Bluestone jewellery store is among the best places to buy gold jewellery. The jewellery on display is of the highest quality and is exquisitely crafted. Since it was founded in 2011, this business has gained enormous notoriety thanks to its distinctive USP, "TRY IT BEFORE YOU BUY IT!"
  • Malabar Jewellery - Malabar is one of the oldest and most well-known companies that sells gold and diamond jewellery. The company is listed among the top 5 jewellery retailers in the world with 250 shops and a presence in more than 10 countries. The best place to buy gold jewellery is commonly mentioned as being in Malabar.
  • Tanishq Jewellery - Tanishq is another well-known jewellery brand owned by the TATA group. It is the most well-known jewellery producer in India. Your attention should be piqued by their unique collections. Tanishq has collaborated with other renowned jewellery producers in order to give you the best designs and prices.
  • NBFCs - Gold is sold by trustworthy NBFCs like HDB Financial Services, Aditya Birla Finance, and others in addition to jewellery stores.

Gold Rate / 10g in Shimoga for Last 10 Days

Date22 Carat Gold Price Today24 Carat Gold Price Today

Historical Gold Rates in Shimoga

MonthsLowest Price (24 Carat) Gold rate/ 10gramHighest Price (24 Carat) Gold rate/ 10gram

Gold As An Investment

For a traditional investor, the most crucial factors are safety, liquidity, and profitable returns. All of these prerequisites must be met if you choose to invest in gold. But for many investors, gold seems to be a reliable haven in trying times. Some investors think that gold's returns are particularly erratic. It has been shown that gold investment returns mirror inflation, regardless of the rate at which it occurs. To put it plainly, it may be considered an investment that outperforms inflation. Following are some of the benefits of gold as an investment -

  • Helps During Inflation - When making investments, you must take inflation into account since it may impact your earnings. Investments in gold provide security against inflation. Inflation lowers the currency's ability to buy things. When inflation in India exceeds interest rates, the real return on investment is less than anticipated.
  • Varied Channels - You may make gold investments without actually buying any metal. You could also choose to purchase gold online. In addition to physical and virtual investments, there are various asset categories that may be used for gold investments. There are several tangible methods to purchase gold, including jewellery, coins, and bars. You have a variety of digital gold investments to choose from if you want to invest in gold electronically. Every investment plan offers benefits.
  • Portfolio Diversification - Your investment risk will be decreased with a diversified portfolio. Include things that aren't directly connected in your portfolio while creating your savings strategy. When you invest in gold, your portfolio's overall risk and volatility are lowered.

Things To Remember While Buying Gold In Shimoga

Following are some of the listed things that an individual need to while buying gold in Shimoga -

  • Purity - Your top concern should be making sure the jewellery is made from pure gold. Finding the hallmarking on the jewellery is the greatest way to determine the purity of the gold. A hallmark reveals the actual amount of gold that was used. The Bureau of Indian Standards is the recognised entity in India in charge of endorsing and hallmarking gold jewellery (BIS). As a result, always look for BIS certification when buying gold.
  • Pricing - Indian gold prices typically fluctuate in reaction to global market conditions. Whether it is a positive or negative shift, the price of decorative metal on the international market will directly affect the cost of yellow metal on the local market. A few of the variables that affect gold prices on the global market include the value of the dollar, interest rates, inflation rates, currency fluctuations, levels of demand and supply, and economic conditions.
  • Weight - India primarily sells its gold jewellery by weight, with larger pieces being more expensive. Precious stones like diamonds and emeralds are regularly included into gold jewellery to enhance weight. It is important to keep in mind that jewellers weigh each piece individually, therefore while purchasing studded jewellery, one risked paying for gold that wasn't actually present.

Factors Which Affect The Price Of Gold In Shimoga

In India, people usually decide to invest in gold. The famed yellow gold is regarded to be a safe investment for long-term investors. However, there is still a possibility that gold's price might change. Many elements are taken into account when determining the price of gold since there are numerous stages involved in getting gold from the mine to the ultimate buyer. Following are the factors that can affect the gold price -

  • Inflation - The majority of Indians choose to invest in gold and use it as a hedge. People purchase more gold as a kind of protection as inflation increases, which raises the price. Additionally, as inflation rises, the rupee's value falls on the international market, increasing the translation rate and hence the cost.
  • Interest Rates - Observing how interest rates affect gold prices is intriguing. Investors regularly sell their gold and gold ETFs and transfer to deposits in order to take advantage of the higher returns provided by rising interest rates. Because of this, there will be less demand for gold, which will cause its price to drop. When interest rates are low, investors are more likely to favour gold over deposits. According to this scenario, as demand for gold increases, so will the price of gold. It is safe to say that shifts in interest rates are inversely connected to shifts in the price of gold.
  • Demand & Supply - The rules of supply and demand determine the price of everything in an economy, and gold is no exception. There will be an increase in both demand and price for gold. This behaviour may be observed during vacations, during the wedding season, or after a very fruitful downpour that helps the rural population.

News and Articles


  • How to check for the hallmarked 916 22 karats gold in Shimoga?

    You can check the hallmark symbol on the back side of the gold ornament. 


  • Do I need to pay tax on bringing gold into Shimoga from abroad?

    Yes, there are additional taxes applicable when bringing gold from abroad to Shimoga.


  • How to check the purity of gold in Shimoga?

    The purity of gold is measured in karats, while 24 karats of gold indicate 99.9% purity, 22 karat gold on the other hand is 92% pure.


  • What is the difference between 22 karats and 24 karat gold?

    The difference between 22 karat and 24 karat gold is in terms of purity. 22 karat is 92% pure and 24 karat gold is 99.9% pure. 


  • How do you double-check your BIS hallmark in Shimoga?

    The HUID number is used to double-check the BIS Hallmark in Shimoga and elsewhere.


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