Gold Rate Today in Karnataka – 7 Nov 2026, 2 AM IST

The figures in the live table are bullion reference rates for Karnataka, quoted per gram across 24 karat gold at 99.9 percent purity, 22 karat at 91.6 percent, 18 karat at 75 percent and 14 karat at 58.5 percent, refreshed every business day against MCX and IBJA benchmarks.

Bengaluru is Karnataka's benchmark gold market and one of India's largest, anchored historically by Avenue Road, a centuries-old wholesale and retail jewellery district in the old city that remains a genuine trading hub today alongside the modern showrooms found across the rest of the metropolis. Mysuru is the state's second major centre, known for fine traditional craftsmanship. This page covers today's rate, how it is set, city-wise rates across the state, purity and hallmark verification, making charges with a worked bill example, where to buy and sell, the buying calendar, taxation and a detailed FAQ.

The weight table converts today's per gram rate into the denominations Karnataka buyers transact in, from a single gram through 10 grams, 50 grams, 100 grams and a kilogram, at each of the four common purities.

Units used across the state

Karnataka's retail trade runs largely on the gram and 10 gram denomination, in line with South Indian convention, with the pavan or sovereign, 8 grams, referenced in some coastal and Kannada-speaking regions bordering Kerala. It is worth confirming which unit a quoted price refers to when comparing across shops.

International markets quote the troy ounce, at 31.1035 grams, converted into rupee and gram terms before it reaches Karnataka's retail market.

The one kilogram bar is the standard wholesale trading unit, especially relevant to Avenue Road's bullion dealers, who supply much of the state's independent jewellery trade.

A single day's rate tells you very little. The last ten sessions tell you whether today's print sits at the top of a run, at the bottom of a pullback, or in the middle of a flat stretch.

Read three things from the ten day table. The net movement from the earliest session to today. The high and the low, which give the trading range. And whether daily changes are small and steady or large and alternating.

For a wedding purchase this matters less than it appears, since the date is fixed well in advance. For a coin or bar purchase with no deadline, the ten day range is the cheapest timing information available.

The trend table sets today's Karnataka rate against its opening and closing values over seven days, 30 days, three months, six months, the year to date and 12 months.

What each window tells you

The seven and 30 day windows capture sentiment: short term positioning, fund flows and reaction to news. The three and six month windows capture the macro cycle, principally the direction of real interest rates and the strength of the dollar. The 12 month and year to date windows capture the structural story, chiefly sustained central bank accumulation alongside steady retail demand across Asia.

Longer windows are more reliable and less actionable. A 12 month gain confirms the asset did its job in a portfolio. It says nothing useful about next week's rate.

As one of India's largest gold markets, Bengaluru's trend line is itself closely watched by South Indian traders as a secondary reference point alongside Chennai and Mumbai.

The rate follows the same five step national chain as every state, with local pricing set through Bengaluru.

Step one: the international benchmark

Gold trades continuously in US dollars per troy ounce, anchored by the London Bullion Market Association price and COMEX futures.

Step two: the rupee conversion

The dollar price converts at the prevailing USD to INR rate.

Step three: duty and levies

Basic customs duty and the Agriculture Infrastructure and Development Cess apply to landed value nationally.

Step four: the domestic benchmark

MCX and the India Bullion and Jewellers Association, headquartered in Mumbai, produce the reference figures the national trade prices from. Bengaluru's Avenue Road bullion traders price directly against that benchmark, and their published rate is what the rest of Karnataka, in turn, prices against.

Step five: why the state's rate sits where it does

Karnataka is not a bullion import point, so its base rate typically runs a modest margin above Mumbai's. Within the state, the spread between Bengaluru, Mysuru and Hubballi is narrow, since all price off the same effective benchmark.

Seven forces account for almost all daily movement. The first four are global, the last three domestic.

Real interest rates. Gold pays no income, so it competes with interest bearing assets. When inflation adjusted yields fall, gold tends to rise.

The US dollar. Gold is priced in dollars, so a stronger dollar generally pushes the international price down and a weaker dollar lifts it.

Central bank demand. Reserve buying has been large and persistent in recent years.

Geopolitical and financial stress. Conflict, banking stress and sovereign risk push capital toward assets with no counterparty.

The rupee. A weaker rupee raises the Karnataka rate independent of any move in international gold.

Seasonal demand. Ugadi, the Kannada new year, Akshaya Tritiya, Dasara, celebrated with particular grandeur in Mysuru, and Dhanteras concentrate retail buying, alongside the wedding season.

Policy. Import duty revisions and GST decisions produce one off steps in the retail price with no connection to the international market.

Every major market in Karnataka prices closely off the Bengaluru benchmark, so the differences between cities are small and come from local jeweller premiums rather than the underlying rate.

• Gold rate in Bengaluru | the state's benchmark gold market, anchored by the historic Avenue Road trading district
• Gold rate in Mysuru | known for fine traditional craftsmanship, especially around the Dasara festival season
• Gold rate in Hubballi | North Karnataka's principal commercial and jewellery trading centre
• Gold rate in Mangaluru | a major coastal trading hub with strong local jewellery demand

Rates for Belagavi, Davanagere and the rest of the state track the same benchmark. If a quote in any Karnataka city differs by more than a small handling margin, that difference is the jeweller's own premium, and it is negotiable.

916 is another way of writing 22 karat. It refers to 91.6 percent pure gold, with the remaining 8.4 percent made up of alloy metals that give the piece strength. On 18 karat the equivalent grade is 750, and on 14 karat it is 585.

916 carries the great majority of jewellery sold across Karnataka, from Avenue Road's traditional South Indian temple and antique designs to Mysuru's fine craftsmanship and the mainstream contemporary pieces stocked in Bengaluru's modern showrooms. The number is not marketing language. It is the purity grade stamped by a BIS recognised assaying and hallmarking centre, and it appears alongside the BIS logo and a six character HUID.

When you check the 916 gold rate in Karnataka today, you are looking at this exact purity, not the 999 rate used for coins and bars. When you resell or exchange, the 916 grade determines the gold value you are credited.

The rate on this page is the metal price. What you pay at the counter adds two things: making charges, and GST at 3 percent on the total of metal plus making.

What making charges run in Karnataka

• Plain chains and machine-made pieces from Avenue Road's wholesale trade | roughly 6 to 10 percent, among the most competitive in the country
• Handcrafted traditional and Mysuru bridal work | roughly 14 to 22 percent
• Branded Bengaluru showroom pieces | 14 percent and above

A worked example

Take a 10 gram 22 karat chain with 8 percent making. Metal value is 10 grams at today's 916 rate. Add 8 percent of that as making charges. Add 3 percent GST on the subtotal. The final bill is roughly 11.2 percent above the pure metal value.

Avenue Road's wholesale-linked trade is known for genuinely competitive making charges compared to branded showrooms. Always ask for the making charge as a percentage in writing before comparing shops.

Every piece of gold jewellery sold in the notified districts of Karnataka must carry three marks. Check all three before you pay.

• The BIS logo | the triangular Bureau of Indian Standards mark
• The purity grade | 916 for 22 karat, 750 for 18 karat, 585 for 14 karat
• The HUID | a six character alphanumeric code unique to the piece

Verify the HUID in the BIS Care app: enter the code and the app returns the registered purity, the article type and the hallmarking centre. If the details do not match the piece in your hand, walk away. Bengaluru has one of India's densest networks of BIS recognised assaying and hallmarking centres, so there is no reason to accept an unhallmarked piece anywhere in the state's major markets.

Insist on the HUID printed on the invoice as well. It ties the bill to the piece, which matters for insurance, resale and any future dispute.

Bengaluru's gold trade carries a genuine historical depth easy to overlook in a city better known globally for its modern technology sector.

A trading district older than the modern city

Avenue Road, in Bengaluru's old city, is a centuries-old wholesale and retail trading district that predates the city's transformation into a global technology hub by generations. It remains a genuine working bullion and jewellery market today, not a heritage curiosity, where wholesale dealers, goldsmiths and retail jewellers operate within the same historic streets, much as they have for generations.

Old city trade meets new city retail

Alongside Avenue Road, Bengaluru's rapid growth as a technology and corporate hub has built an entirely separate layer of modern, branded showroom retail across the city's newer commercial districts, serving a large salaried and professional customer base with different priorities: certified consistency and convenience over generational trading relationships.

What this means for a buyer

A buyer wanting the sharpest wholesale-linked pricing and a deep selection of traditional South Indian designs will likely find Avenue Road's independent trade the better fit; a buyer prioritising certified, standardised retail will likely prefer a branded showroom elsewhere in the city. Both are genuine, well-established parts of Bengaluru's gold economy.

Karnataka offers one of India's deepest jewellery trades, spanning centuries-old wholesale markets and modern branded retail.

The traditional markets

• Avenue Road, Bengaluru | the state's historic wholesale and retail gold trading heart, offering sharp wholesale-linked pricing
• Mysuru's jewellery trade | known for fine traditional craftsmanship, especially around Dasara
• Modern Bengaluru showrooms | branded, certified retail serving the city's large salaried professional population

What to check wherever you buy

• BIS hallmark with HUID on every piece
• The day's rate displayed and the making charge quoted as a percentage in writing
• A proper GST invoice carrying weight, purity, rate, making and HUID
• The buyback and exchange policy in writing before the sale, not after

Certified online retail adds transparent per-piece pricing, certification and doorstep insurance-backed delivery, and for lab grown diamond jewellery set in hallmarked gold it is often the most price-efficient route across the state.

You have three honest routes and one to avoid.

Exchange at a jeweller. The most common route for upgrading old jewellery. Hallmarked pieces are credited at the day's rate for their stamped purity; unhallmarked pieces are assayed first, and that deduction is where the negotiation happens.

Sale to the jeweller who sold it. If the piece carries the original invoice and HUID, most established Avenue Road and Mysuru jewellers publish a buyback policy.

Organised gold buying companies. Widely present across Bengaluru and the state's larger cities for those who want outright cash rather than an exchange.

Avoid unlicensed street buyers, whatever rate they promise. Weighing and purity testing you cannot observe is where sellers lose money.

Gold buying in Karnataka follows the Kannada festive calendar, layered with the national buying peaks.

• Ugadi | the Kannada new year, a traditional gold buying occasion across the state
• Dasara | celebrated with particular grandeur in Mysuru, a significant occasion for traditional jewellery purchases
• Akshaya Tritiya, Dhanteras and Diwali | the national gold buying peaks, also strongly observed statewide
• Wedding season | roughly November to February and April to June, when bridal sets dominate purchases

Two practical notes. Festive days concentrate demand, so premiums and making charge discounts both move; the headline rate does not become cheaper because the day is auspicious. And for a wedding purchase, buying the metal in instalments across the preceding months converts an impossible timing decision into a simple averaging plan.

Taxes on gold are set nationally, so nothing here is specific to Karnataka, but three layers matter to every buyer.

At purchase. GST at 3 percent applies on the value of the metal plus making charges. On imported metal, customs duty and cess are already inside the quoted rate before GST is added.

At sale. Profit on physical gold held over the qualifying period is taxed as long term capital gains; shorter holdings are taxed at your slab rate. The invoice from your original purchase establishes the cost basis, which is one more reason to keep it.

Large cash purchases. PAN is mandatory above the prescribed transaction threshold, and jewellers report high value cash transactions. Paying digitally with a proper invoice is both cleaner and safer.

None of this is tax advice; thresholds and rates change with the Finance Act. For a large transaction, confirm the current rules with a chartered accountant before you buy or sell.

Gold is a store of value with no counterparty, which is why Indian households hold more of it than any other population on earth. That does not make it riskless. The rupee price swings, sometimes sharply, and long flat stretches have followed every major rally.

What gold does reliably is diversify. It tends to hold or gain value precisely when financial assets are under stress, which is the moment diversification is worth having. Most advisers land somewhere between 5 and 15 percent of a portfolio in gold, held for years rather than traded.

The form matters as much as the timing. Coins and bars carry minimal making cost and recover the most value on exit. Jewellery carries making charges you do not recover, so it is part ornament and part investment. Paper routes, gold ETFs and mutual funds, remove storage risk entirely and suit Bengaluru's large salaried professional population whose objective is purely financial.

For most Karnataka households the practical answer is a mix: ornament gold bought for weddings and occasions, and simple, easily verified investment gold, coins or small bars, bought as savings.

Bengaluru hosts Hindustan Aeronautics Limited and several other major state owned manufacturing companies, giving the city a significant aerospace and public sector employment base alongside its private technology sector.

This mix of public sector, corporate and technology employment gives Bengaluru's gold jewellers a genuinely diverse, salaried customer base to serve.

Bengaluru is widely regarded as India's Silicon Valley, the country's largest hub and exporter of IT services, home to thousands of technology companies and a significant share of Global Fortune 500 firms sourcing IT services from the city.

This concentration of high income tech professionals, many drawn from across India, has made Bengaluru home to some of Karnataka's most premium jewellery showrooms, alongside its historic Avenue Road gold trading district.

Karnataka leads India's silk exports, accounting for roughly a quarter of the country's total, centred on Mysuru and the Doddaballapura region north of Bengaluru, home to the renowned Mysore Silk industry.

Traditional Kanjeevaram and Mysore silk sarees are frequently paired with gold zari work and gold jewellery for weddings and festivals, giving the state's textile and gold trades a genuinely intertwined cultural role.

Mysuru's Dasara festival, centred on the illuminated Mysore Palace, is Karnataka's grandest annual celebration and a genuinely significant occasion for gold and jewellery purchases across the state, alongside the national Dhanteras and Diwali calendar.

Jewellers in Mysuru and across Karnataka typically see a meaningful uplift in gold sales during the Dasara period, distinct from the mainstream national festive peak.

Mangaluru, a major port city on Karnataka's coast, hosts the Mangalore Refinery and Petrochemicals Limited alongside a genuine cluster of chemical and petrochemical companies, giving the coastal Konkan region a distinct industrial income base.

This industrial economy, alongside Mangaluru's own Konkani and Tuluva trading communities, supports a genuinely established local gold jewellery market distinct from Bengaluru's technology driven demand.

Wedding season demand for gold jewellery peaks across Karnataka alongside the broader national wedding calendar, drawing on traditional Kannadiga bridal customs that pair heavily on gold jewellery and silk.

Jewellers typically stock their widest bridal gold range in the weeks leading into this window, alongside their Dasara and Dhanteras preparations earlier in the year.

Akshaya Tritiya, considered universally auspicious for buying gold, adds a further peak to Karnataka's calendar, with coin and small ornament sales rising in the days surrounding it.

Together with Dasara, Dhanteras and wedding season, Akshaya Tritiya gives Karnataka's gold retailers multiple annual peaks to plan stock and staffing around.

Gold in India traded around 26,000 to 29,000 rupees per 10 grams in 2015 and 2016 for 24 karat purity, crossed 50,000 rupees per 10 grams in 2020, and reached around 62,000 to 65,000 rupees per 10 grams by 2023.

Gold's rise accelerated through 2024 and 2025, crossing 1,00,000 rupees per 10 grams during 2025. Karnataka's rates, priced off the national IBJA benchmark, have tracked this national curve throughout.

Gold demand is driven overwhelmingly by investment and central bank reserves rather than industrial use. Central banks worldwide, including the Reserve Bank of India, have been consistent net buyers in recent years.

India remains one of the world's largest gold consumers and imports the large majority of its requirement, making national import duty and policy a genuine influence on domestic prices, including in Karnataka.

Gold is generally less volatile than silver day to day, since it lacks silver's industrial demand component. Both metals have delivered strong returns over the last decade.

Equity markets have historically delivered higher long run returns than precious metals, but with far more volatility. Debt instruments give predictable, lower returns with minimal price risk.

In Karnataka, gold's role in a household's savings is usually a stable holding tied to weddings and gifting, backed by the state's strong technology, agricultural and coastal trade income base.

Physical gold from a Karnataka jeweller gives you something to hold, gift or wear, but attracts 3 percent GST, requires safe storage, and jewellery carries making charges not recovered on resale.

Gold ETFs let you hold gold electronically without storage or GST, through a regular demat account. The Sovereign Gold Bond scheme was discontinued for new issuance.

Both physical gold and gold ETFs are taxed the same way, at 12.5 percent on long term capital gains without indexation for holdings over 12 months.

India imports the large majority of the gold it consumes, cleared through customs before reaching refiners and jewellers, including the volumes distributed into Karnataka's cities.

Gold has almost no industrial demand nationally, and despite Karnataka's large technology, aerospace and petrochemical economy, none of that industrial activity consumes gold, so the local gold trade is driven entirely by retail jewellery, investment and the buying calendar.

• 24 karat gold: 99.9 percent pure, used for coins and bars
• 22 karat or 916 gold: 91.6 percent pure, the traditional Indian jewellery standard
• Chinnu or Bangaara: Kannada words for gold, commonly used in local searches; belli means silver
• Making charges: the fee a jeweller adds for crafting a piece
• HUID: the unique six digit hallmark identification number
• IBJA: the India Bullion and Jewellers Association, source of the national reference rate

As gold prices have climbed, a meaningful share of buyers here has shifted toward lighter weight pieces and more diamond or stone work relative to pure gold weight, following the same national pattern seen across India.

Karnataka's strong technology and coastal trade income base means this shift shows up as design adjustment rather than buyers skipping wedding and festive purchases altogether.

Gold retail in Karnataka is shaped by a genuine mix of forces: Bengaluru's high income technology economy, Mysuru's silk and Dasara traditions, and Mangaluru's coastal, petrochemical driven trade.

This combination, centred historically around Avenue Road's centuries old gold trading heart in Bengaluru, gives the state's gold market a genuinely broad character spanning both traditional Kannadiga wedding customs and newer, corporate driven demand.

Gold and property serve fundamentally different purposes. Property in Bengaluru requires a large upfront commitment and is illiquid, particularly given the city's high real estate prices driven by its tech economy. Gold can be bought and sold in small increments and converted to cash within minutes.

Most households in Karnataka do not choose between the two. Property tends to serve as a long term family asset, while gold serves as a portable, liquid store of wealth for weddings and emergencies alike.

If you are in Karnataka and considering a gold or lab grown diamond jewellery purchase, Lucira offers hallmarked gold and certified lab grown diamond pieces with transparent, itemised pricing and doorstep delivery, so you can compare designs and pricing without needing to visit multiple local shops in person.

Every Lucira piece is priced against the live daily rate shown on this page, with making charges and certification costs shown separately.

A proper invoice from a Karnataka jeweller should show the net gold weight in grams, the karat purity, the rate applied per gram that day, the making charge, and GST at 3 percent applied on the metal plus making charge combined.

If a piece carries stones, the invoice should state the net gold weight separately from the gross weight. A hallmarked piece should also show the HUID number, verifiable through the BIS CARE app.

• A quoted rate below the day's published benchmark, which usually means lower purity than claimed
• Gross weight billed as if it were net gold weight on stone set pieces
• Making charges quoted verbally but not itemised on the final bill

Always confirm the current BIS hallmark and HUID independently through the BIS CARE app rather than taking a seller's word for it.

Gold does not tarnish, but secure storage still matters given its value density. A bank locker in your city remains the most secure option for larger holdings.

A home safe is a reasonable middle ground for smaller quantities. Keep your original purchase invoice with your stored gold, since it establishes purity, weight and cost basis if you need to sell or claim insurance later.

Many jewellers across Karnataka offer monthly instalment schemes where you deposit a fixed amount each month for around 11 months, with a bonus instalment added at the end.

Before joining one, confirm in writing whether redemption is locked at deposit day rates or redemption day rates, and check whether the bonus is forfeited if you exit early.

Under rules applicable for financial year 2025 to 2026, profit on physical gold or gold ETFs held for more than 12 months is taxed as long term capital gains at 12.5 percent without indexation. Holdings sold within 12 months are taxed at your income tax slab rate.

Your gain is calculated as the sale price minus your original purchase cost, including making charges, which is why keeping your original invoice matters. Confirm current rules with a chartered accountant before a large sale.

There is no legal ceiling on gold ownership in India. CBDT safe harbour limits allow a married woman up to 500 grams, an unmarried woman up to 250 grams, and a man up to 100 grams without seizure during a tax search, even without documentation.

Cash payments for a single gold purchase above the prescribed threshold require your PAN card, and payments above two lakh rupees in cash for a single transaction are not permitted regardless of PAN.

For cash purchases above the prescribed threshold, you must furnish your PAN card. Always insist on a GST compliant invoice listing weight, purity, rate and making charge.

Payments above two lakh rupees in cash for a single transaction are not permitted regardless of PAN.

Gold jewellery typically attracts a melting or deduction charge at resale, so ask any Karnataka jeweller for their exact deduction policy in advance.

This deduction lowers the effective return on jewellery compared with reselling 24 karat coins or bars, which typically carry little to no deduction.

Several apps offer digital gold purchases that track the live rate without requiring physical storage, available in Karnataka the same as anywhere else in India.

Digital gold typically carries a small spread between buy and sell prices, and is best suited to buyers who want gold price exposure without visiting a jeweller.

• Jewellery from a Karnataka jeweller: wearable and giftable, but making charges reduce resale value
• 24 karat coins and bars: lowest making cost, best for pure savings
• Gold ETFs: no storage or GST, held in a demat account

Most households here use a mix, wedding and festive jewellery for cultural occasions, and coins, bars or ETFs for pure savings.