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Today Gold Rate In Karnataka

21 May 2022

gold rate today

22-carat gold Rate

₹4680

(Per Gram)

gold price today

24-carat gold Rate

₹5005

(Per Gram)

22 Carat & 24 Carat Compare Gold Rates In Karnataka (Today & Yesterday)

Gold Rate TodayGold Rate YesterdayGold Rate Change(%)
22 Carat468046450.75%
24 Carat500549680.74%

Today 24 Carat Compare Gold Rate In Karnataka (Today & Yesterday)

Gram24 Carat Gold Price Yesterday24 Carat Gold Price TodayDaily Price
1 GRAM496850050.74%
8 GRAM39744400400.74%
10 GRAM49680500490.74%
100 GRAM496799250049430.74%

Today 916 KDM Gold Rate In Karnataka (Today & Yesterday)

Gram916 KDM Gold Rate Yesterday916 KDM Gold Rate TodayDaily Price
1 GRAM496850050.74%
8 GRAM39744400400.74%
10 GRAM49680500490.74%
100 GRAM496799250049430.74%

Today 22 Carat Compare Gold Price In Karnataka (Today & Yesterday)

Gram22 Carat Gold Price Yesterday22 Carat Gold Price TodayDaily Price
1 GRAM464546800.75%
8 GRAM37161374410.75%
10 GRAM46452468020.75%
100 GRAM464515546801610.75%

22 & 24 Carat Gold Rates In Karnataka for Last 30 Days

DateStandard Gold - 22 KPure Gold - 24 K
1 gram8 grams1 gram8 grams
2022-05-21₹ 4,680₹ 37,441₹ 5,005₹ 40,040
2022-05-20₹ 4,645₹ 37,161₹ 4,968₹ 39,744
2022-05-19₹ 4,600₹ 36,803₹ 4,920₹ 39,363
2022-05-18₹ 4,573₹ 36,586₹ 4,891₹ 39,129
2022-05-17₹ 4,629₹ 37,029₹ 4,950₹ 39,596
2022-05-16₹ 4,576₹ 36,609₹ 4,894₹ 39,153
2022-05-15₹ 4,570₹ 36,562₹ 4,888₹ 39,106
2022-05-14₹ 4,570₹ 36,562₹ 4,888₹ 39,106
2022-05-13₹ 4,591₹ 36,726₹ 4,910₹ 39,277
2022-05-12₹ 4,671₹ 37,371₹ 4,996₹ 39,970
2022-05-11₹ 4,615₹ 36,920₹ 4,936₹ 39,487
2022-05-10₹ 4,673₹ 37,387₹ 4,998₹ 39,985
2022-05-09₹ 4,716₹ 37,729₹ 5,044₹ 40,351
2022-05-08₹ 4,721₹ 37,768₹ 5,050₹ 40,397
2022-05-07₹ 4,721₹ 37,768₹ 5,050₹ 40,397
2022-05-06₹ 4,673₹ 37,387₹ 4,998₹ 39,985
2022-05-05₹ 4,688₹ 37,504₹ 5,014₹ 40,110
2022-05-04₹ 4,653₹ 37,223₹ 4,977₹ 39,814
2022-05-03₹ 4,653₹ 37,223₹ 4,977₹ 39,814
2022-05-02₹ 4,714₹ 37,714₹ 5,042₹ 40,335
2022-05-01₹ 4,728₹ 37,822₹ 5,056₹ 40,452
2022-04-30₹ 4,728₹ 37,822₹ 5,056₹ 40,452
2022-04-29₹ 4,728₹ 37,822₹ 5,056₹ 40,452
2022-04-28₹ 4,693₹ 37,542₹ 5,020₹ 40,156
2022-04-27₹ 4,741₹ 37,931₹ 5,071₹ 40,569
2022-04-26₹ 4,735₹ 37,877₹ 5,063₹ 40,506
2022-04-25₹ 4,813₹ 38,507₹ 5,148₹ 41,183
2022-04-24₹ 4,811₹ 38,491₹ 5,146₹ 41,168
2022-04-23₹ 4,811₹ 38,491₹ 5,145₹ 41,160
2022-04-22₹ 4,817₹ 38,538₹ 5,153₹ 41,222
2022-04-21₹ 4,859₹ 38,873₹ 5,197₹ 41,580

Historical Price of Gold Rates In Karnataka

The trend of Gold Rate in Karnataka for May 2022 (rates per gram for 22/24 carat gold)

Gold Rates22 Carat24 Carat
May 1st RateRs. 4,680 /- per gramRs. 5,005 /- per gram
May 21th RateRs. 4,728 /- per gramRs. 5,056 /- per gram
Highest May RateRs. 4,728 /- per gramRs. 5,056 /- per gram
Lowest May RateRs. 4,570 /- per gramRs. 4,888 /- per gram

The trend of Gold Rate in Karnataka for April 2022 (rates per gram for 22/24 carat gold)

Gold Rates22 Carat24 Carat
April 1st RateRs. 4,728 /- per gramRs. 5,056 /- per gram
April 30th RateRs. 4,782 /- per gramRs. 5,115 /- per gram
Highest April RateRs. 4,940 /- per gramRs. 5,283 /- per gram
Lowest April RateRs. 4,693 /- per gramRs. 5,020 /- per gram

The trend of Gold Rate in Karnataka for March 2022 (rates per gram for 22/24 carat gold)

Gold Rates22 Carat24 Carat
March 1st RateRs. 4,770 /- per gramRs. 5,101 /- per gram
March 31th RateRs. 4,684 /- per gramRs. 5,010 /- per gram
Highest March RateRs. 5,120 /- per gramRs. 5,476 /- per gram
Lowest March RateRs. 4,684 /- per gramRs. 5,010 /- per gram

The trend of Gold Rate in Karnataka for February 2022 (rates per gram for 22/24 carat gold)

Gold Rates22 Carat24 Carat
February 1st RateRs. 4,669 /- per gramRs. 4,993 /- per gram
February 28th RateRs. 4,367 /- per gramRs. 4,670 /- per gram
Highest February RateRs. 4,704 /- per gramRs. 5,031 /- per gram
Lowest February RateRs. 4,367 /- per gramRs. 4,670 /- per gram

The trend of Gold Rate in Karnataka for January 2022 (rates per gram for 22/24 carat gold)

Gold Rates22 Carat24 Carat
January 1st RateRs. 4,372 /- per gramRs. 4,676 /- per gram
January 31th RateRs. 4,436 /- per gramRs. 4,744 /- per gram
Highest January RateRs. 4,502 /- per gramRs. 4,815 /- per gram
Lowest January RateRs. 4,336 /- per gramRs. 4,637 /- per gram

The importance of gold in Karnataka is quite high. From using it for the worship of deities to wearing it on all special occasions, gold is a part of every household. Although investment in gold requires huge corpus fund, it is still a favoured form of investment in this part of the country. The gold rates in the state change on daily basis like any other part of the country and are based on several underlying factors. Given below are the current rates of gold in Karnataka and other relevant details for investing in gold.

What are the various forms of investment in gold in Karnataka?

There are multiple forms of investment in gold in today’s age. The details of the various forms of investment in gold are given below.

Physical form

Gold has been traditionally invested in its physical form. Such physical firm includes investment in gold jewellery, gold coins, gold bullions and bars. Among these, the investment in gold coins or gold bars and bullions provides the benefit of maximum returns to the investors as they are in the purest forms i.e., 24K gold.

Paper form

The paper form is the dynamic model of investment in gold. This allows the investor to avoid the risks associated with an investment in physical gold at the same time earn good returns on their investment without the need to redeem it to earn capital gains. The various types of investment in paper form of gold include,

Gold mutual funds

Gold mutual funds are funds that invest in gold ETFs. These funds track the movement of gold prices but are not directly affected by them. Investment in gold funds does not require the investors to open a Demat account and investment can be easily started through SIPs.

Gold ETFs

Gold ETFs invest in gold and are traded in an open market like any other ETF. The investors need a Demat account and a trading account for trading in gold ETFs. These are relatively low risk products that have the potential to provide good returns to investors.

Gold Sovereign Bonds

Sovereign gold bonds are issued by the RBI on behalf of the Central Government. These are government-backed schemes hence the risk of loss of investment is nil. The bonds provide nominal returns to the investors and have a tenure of 8 years.

Digital form 

This is the new form of investment in gold. In this case, the investor has the option to own the gold in digital form in digital locker holdings. The investment is completely digital with the option to convert it in the physical form in the nature of gold coins, gold bars and gold jewellery.

How is gold investment taxed in Karnataka?

As discussed above, gold can be invested in physical form, paper for or digital firm. However, one factor common to all the investment modes is the taxation. Investment in gold attracts taxation in the form of capital gains tax as well as wealth tax in certain cases.

The levy of capital gains tax depends on two factors the period of holding and the type of asset. When a person sells physical gold, they are taxed at the flat rate of 20%. In case of gold investment in paper form, they are taxed in line with the tax structure of physical gold. This refers to the short-term capital gains tax and the long-term capital gains tax based on the period of holding.

The tax structure of paper gold is given below. 

Capital gainPeriod of holdingTax rate

Short term capital gain

Less than 36 months

Applicable slab rate of the investor

Long term capital gains

More than 36 months

20% after the benefit of indexation.

On the other hand, the investment in Sovereign gold bonds is tax-free if held till the maturity period of 8 years. Interest income from these bonds is changed under the head ’Income from other sources’ and taxed at applicable slab rates.

Digital gold is also taxed like paper gold, the only difference being that the short-term capital gains may not be strictly taxed. 

FAQs – Gold rate in Karnataka

1. What is the price of 10 grams of gold in Karnataka?

A. The price of 10 grams of gold in Karnataka is Rs. 47,620 approximately.

2. What are the benefits of a gold loan in Karnataka?

A. Gold loan are disbursed at a quicker pace than personal loans. The rate of the loan is also lower as compared to a personal loan. The primary condition for a gold loan is that the borrower should be the owner of the gold. The gold is kept safe with the lender and is returned upon completing the loan.

3. Can a person invest in gold at past rates?

A. No investment in gold can be done only at the prevailing or the current gold rates.

4. How does a person invest in gold funds?

A. Investment in gold funds can be done through online modes by contacting the fund house or the AMC or by contacting a registered broker.

5. can a person exit their investment in Sovereign Gold Bonds?

A. Yes. SGB allows the investors to exit the bond in the 5th, 6th and 7th year during the tenure of 8 years.

6. Is the gold rate same throughout the state of Karnataka?

A. Gold rates differ a lot between two places based on various factors like demand-supply functions, transport cost, declaration of prices of the jeweller’s association, etc. These factors contribute to changing the prices of gold between two cities within the state.

7. What are the purity levels of gold?

A. The purity levels of gold are mentioned below.

  • 24K purity – 99.9% pure
  • 22k purity – 91.6% pure
  • 18k purity – 75% pure
  • 14K purity – 58.5% pure

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