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Today Gold Rate In Karnataka

Updated on : 24 Feb 2024

gold rate today

22-carat gold Rate

₹ 5,770

(Per Gram)

gold price today

24-carat gold Rate

₹ 6,295

(Per Gram)

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

Gold Rate YesterdayGold Rate TodayPrice Change
22 Carat5,7505,77020
24 Carat6,2736,29522

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

Gram24 Carat Gold Price Yesterday24 Carat Gold Price TodayPrice Change
1 GRAM6,2736,29522
8 GRAM50,18450,360176
10 GRAM62,73062,950220
100 GRAM6,27,3006,29,5002,200

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

Gram916 KDM Gold Rate Yesterday916 KDM Gold Rate TodayPrice Change
1 GRAM5,7505,77020
8 GRAM46,00046,160160
10 GRAM57,50057,700200
100 GRAM5,75,0005,77,0002,000

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

Gram22 Carat Gold Price Yesterday22 Carat Gold Price TodayPrice Change
1 GRAM5,7505,77020
8 GRAM46,00046,160160
10 GRAM57,50057,700200
100 GRAM5,75,0005,77,0002,000

22 & 24 Carat Gold Rates In Karnataka for Last 10 Days (1 Gram)

DatePure Gold - 24 KStandard Gold - 22 K
Feb 23, 2024Rs. 5,750 (0) Rs. 6,273 (0 )
Feb 22, 2024Rs. 5,750 (-10) Rs. 6,273 (-11 )
Feb 21, 2024Rs. 5,760 (25) Rs. 6,284 (28 )
Feb 20, 2024Rs. 5,735 (-10) Rs. 6,256 (-11 )
Feb 19, 2024Rs. 5,745 (25) Rs. 6,267 (27 )
Feb 18, 2024Rs. 5,720 (0) Rs. 6,240 (0 )
Feb 17, 2024Rs. 5,720 (10) Rs. 6,240 (11 )
Feb 16, 2024Rs. 5,710 (20) Rs. 6,229 (22 )
Feb 15, 2024Rs. 5,690 (-10) Rs. 6,207 (-11 )
AXIS NEO

Historical Price of Gold Rates In Karnataka

Gold Rates22 Carat24 Carat
1 st January rateRs. 5,855 Rs. 6,387
31st January rateRs. 5,800 Rs. 6,327
Highest rate in JanuaryRs. 5,875 on January 2 Rs. 6,409 on January 2
Lowest rate in JanuaryRs. 5,740 on January 18Rs. 6,262 on January 18
Over all performanceFallingFalling
% Change-0.94%-0.94%
Gold Rates22 Carat24 Carat
1 st December rate Rs. 5,770 Rs. 6,295
31st December rateRs. 5,855 Rs. 6,387
Highest rate in DecemberRs. 5,890 on December 4Rs. 6,425 on December 4
Lowest rate in DecemberRs. 5,665 on December 13Rs. 6,180 on December 13
Over all performanceRisingRising
% Change+1.47%+1.46%
Gold Rates22 Carat24 Carat
1 st November rateRs. 5,640 Rs.6,153
30th November rateRs. 5,750 Rs.6,273
Highest rate in NovemberRs. 5,810 on November 29Rs. 6,338 on November 29
Lowest rate in NovemberRs. 5,545 on November 13Rs. 6,049 on November 13
Over all performanceRisingRising
% Change+1.95%+1.95%

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. 

Gold Rate Today 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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