Gold rate today in Karnataka
The 24 carat gold rate in Karnataka is ₹ 122,846 per 10 grams and ₹ 12,285 per gram at the state benchmark. 916 (22 carat), the grade most jewellery is made from, is ₹ 112,609 per 10 grams.
In pavan terms — the unit most of southern India actually buys in — one pavan of 916 gold is ₹ 90,087 and one pavan of 24 carat is ₹ 98,277. A pavan is 8 grams.
The Karnataka gold market
Bangalore's organised retail density keeps spreads tight, while Mysore, Mangalore, Hubli, Belgaum, Gulbarga and Bidar each carry a modest freight premium over the state benchmark. Coastal Mangalore historically prices closer to Kerala than to Bangalore.
Ugadi, Deepavali, Varamahalakshmi and the wedding season shape the calendar, with Akshaya Tritiya producing the sharpest single-day spike.
The spread across Karnataka
Right now the gap between the cheapest and dearest market in Karnataka is ₹ 49 per 10 grams — Bangalore at the bottom, Mysore at the top. On a typical 50 gram purchase that is a difference of about ₹ 245, which is real money but rarely worth travelling for once fuel and time are counted.
The metal itself costs the same everywhere on earth at any given second. What varies within Karnataka is freight from the point of import, how many dealers compete in each town, the cost of holding stock, and when local wedding and festival demand peaks — which is not simultaneous across a state.
Buying gold in Karnataka
Bangalore showrooms compete openly on making charges, which makes it worth getting two quotes on the same design. Ask for the 916 rate, the making charge per gram and the wastage percentage as three separate figures.
Beyond that, the same four questions apply anywhere: the metal rate for the exact karat, the making charge, the wastage percentage, and the tax — each as its own number. A single all-in price cannot be compared against anything.
The background, in one place
- How gold rates are decided — spot, exchange rate, import parity and premium, with live numbers at each step.
- 22K vs 24K — every lower grade is a fixed fraction of the 24 carat price, and the guide shows the arithmetic.
- What 916 means and what a pavan is — the two terms this market trades in.
- Making charges and wastage — where two quotes on the same rate actually diverge.
- Verifying a hallmark — what the stamps guarantee, and what they do not.