Gold & Silver Rates in Mysuru Today (20 Feb 2026)

Gold Rate in Mysuru Today: Royal Purity in the Heritage City

As of today , the gold market in Mysuru remains a cornerstone of local investment and celebration. The current rate for 24K (Pure) Gold is trading at ₹1,58,400 per 10 grams, while the staple 22K Jewellery Gold is priced at ₹1,45,200. Following a peak in late January, prices in the "Palace City" have shown a slight downward trend this week, providing a relief for families planning for the upcoming festive and wedding season.

For those interested in contemporary and diamond-set jewelry, often found in the boutiques of V.V. Mohalla, the 18K gold rate is currently ₹1,18,800 per 10 grams. Despite the global fluctuations, the local demand in markets like Devaraja Mohalla remains high, as gold continues to be the preferred asset for Mysuru’s discerning residents who value both tradition and long-term security.

Shopping Hubs: From Ashoka Road to Urs Road

Mysuru offers a unique shopping duality. Ashoka Road is the historic soul of the gold trade, home to legendary names like A. Shankara Chetty & Sons and Lalitha Jewellery Mart. This area is perfect for those seeking traditional craftsmanship and personal trust. In contrast, D. Devaraj Urs Road and BN Road have evolved into luxury corridors, hosting national giants like Tanishq, Malabar Gold, and Bhima Jewellers. Whether you seek the old-world charm of the inner city or the air-conditioned comfort of modern showrooms, Mysuru’s markets are unrivaled in variety.

The Royal Aesthetic: Mallige Mottu Hara and Temple Work

Jewelry in Mysuru is deeply influenced by the Wadiyar legacy. The Mallige Mottu Hara (Jasmine Bud Necklace) and Nagabharanam (Cobra-inspired designs) are iconic to the region. Many local artisans still specialize in Temple Jewellery, featuring intricate depictions of deities like Goddess Chamundeshwari. While the daily 24K rate is ₹1,58,400, the true value for many locals lies in these heirloom pieces, usually crafted in 22K (916 Hallmark) gold to ensure both durability and a high resale value.

Smart Buying Tips for Mysuru Shoppers

When purchasing gold in Mysuru, transparency is key. Always insist on the 6-digit HUID code and check the BIS hallmark. Making charges in the city typically vary between 8% and 22%; while branded showrooms on BN Road might have fixed labor costs, traditional shops on Ashoka Road may offer some flexibility, especially for bulk purchases. Don't forget that a standard 3% GST applies to the final gold value, so always ask for a detailed breakup of the price before finalizing your purchase.