Gold Rate in Mysore
The rich culture and history of Mysore is the biggest evidence of its widespread demand for gold. Mysore is known as the “Golden Throne” of India which symbolizes the royal seats of the rulers of the Kingdom of Mysore. Gold is available in different weights like carat and gram in Mysore. Todays gold rate in Mysore depends upon the weight of gold. If it is 24 carat gold, it is more expensive, and if it is 22 carat gold it is less expensive.
India is the largest consumer of gold in the world. Southern India has always been the largest consumer of gold in India because of the widespread demand for gold jewelry. 40% of Indias demand for gold comes from Karnataka, the parent state of Mysore. The demand for gold in India increased by 15% this year and this affected gold rates in Mysore.
Gold rates in Mysore depend on the demand for this yellow metal in India.