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24K Gold ₹15,115 — 0.00% |
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Platinum ₹6,226 — 0.00% |
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Gold Rate in Magadi Today

Magadi, Bengaluru South, Karnataka

Updated Today

Magadi Gold Rates

Today's prices · 08 May 2026

22K Gold (916) ↓ ₹0
₹13,636.83
per gram
10 grams ₹136,368
100 grams ₹1,363,683
Yesterday ₹13,778.43
24K Gold (999)
₹14,887.39
per gram
10 grams ₹148,874
100 grams ₹1,488,739
Yesterday ₹15,041.89
18K Gold (750)
₹11,176.73
per gram
10 grams ₹111,767
Silver (999)
₹236.54
per gram
100 grams ₹23,654

Gold Rate by Weight in Magadi

Today · 08 May 2026

Weight 24K (999) 22K ★ (916) 18K (750)
1 gram ₹14,887 ₹13,637 ₹11,177
2 grams ₹29,775 ₹27,274 ₹22,353
4 grams ₹59,550 ₹54,547 ₹44,707
5 grams ₹74,437 ₹68,184 ₹55,884
8 grams ₹119,099 ₹109,095 ₹89,414
10 grams ₹148,874 ₹136,368 ₹111,767
1 Tola (11.664 g) ₹173,644 ₹159,057 ₹130,363
20 grams ₹297,748 ₹272,737 ₹223,535
50 grams ₹744,370 ₹681,842 ₹558,837
1 Troy oz (31.1 g) ₹463,050 ₹424,153 ₹347,635
100 grams ₹1,488,739 ₹1,363,683 ₹1,117,673
1 kg ₹14,887,390 ₹13,636,830 ₹11,176,730
★ 22K (916 Hallmark) is the standard for jewellery in India. Prices are metal value only — making charges, GST (3%), and hallmarking fee are additional.

Gold Price Calculator — Magadi

Calculate gold value by weight at today's local rate

₹
Estimated Gold Value

* Metal value only. Add making charges (₹200–₹800/g), 3% GST, and hallmarking fee for total purchase cost.

10-Day Gold Rate History — Magadi

22K & 24K daily rates

Date 24K / gram 22K / gram 22K / 10g
29 Apr 2026 Today ₹14,887.39 ₹13,636.83 ₹136,368
11 Apr 2026 ₹15,041.89 ₹13,778.43 ₹137,784
06 Apr 2026 ₹14,670.74 ₹13,438.42 ₹134,384
08 Mar 2026 ₹15,875.10 ₹14,541.60 ₹145,416
07 Mar 2026 ₹15,875.10 ₹14,541.60 ₹145,416
06 Mar 2026 ₹15,875.10 ₹14,541.60 ₹145,416
05 Mar 2026 ₹16,058.60 ₹14,709.70 ₹147,097
04 Mar 2026 ₹16,254.80 ₹14,889.40 ₹148,894
03 Mar 2026 ₹16,747.10 ₹15,340.30 ₹153,403
02 Mar 2026 ₹16,747.10 ₹15,340.30 ₹153,403

Monthly Gold Rate Summary — Magadi

22K highest and lowest price each month

Apr 2026
High
₹13,778
Low
₹13,438
Mar 2026
High
₹15,340
Low
₹14,542
Feb 2026
High
₹14,587
Low
₹13,621

30-Day Gold Price Trend

22K gold rate movement in Magadi

Jewellers in Magadi

82 verified jewellers

Dhanalaxmi Bankers And Jewellers

Dhanalaxmi Bankers And Jewellers

Adarsh Jewellery Works

Adarsh Jewellery Works

Chandra Bankers And Jewellers

Chandra Bankers And Jewellers

Bajarang Bankers And Jewellers

Bajarang Bankers And Jewellers

B Mahaveer Jwellers

B Mahaveer Jwellers

Arihant Jewellers

Arihant Jewellers

Anand Jewels And Diamonds

Anand Jewels And Diamonds

Anand Jewellers

Anand Jewellers

Anand Abharan India Private Limited

Anand Abharan India Private Limited

Ambikajewellers

Ambikajewellers

Amardeep Jewellers

Amardeep Jewellers

Akshaya Silver Manufacturers And Wholesalers

Akshaya Silver Manufacturers And Wholesalers

About Gold Rate in Magadi

Gold rate in Magadi, Bengaluru South, Karnataka today is ₹13,636.83 per gram for 22K (916 Hallmark) gold and ₹14,887.39 per gram for 24K (999) gold. These rates are updated daily based on the official IBJA (India Bullion and Jewellers Association) rate, adjusted for local market conditions in Magadi.

The price of gold in Magadi may vary slightly from the national IBJA rate due to transportation costs from the nearest wholesale gold hub, local taxes, and jeweller margins. The actual price you pay at a jewellery store will be higher — jewellers add making charges (typically ₹200–₹800 per gram), 3% GST on the total, and a hallmarking fee of ₹45 per piece.

22K gold (916 hallmark) is the most popular choice for jewellery purchases in India including Magadi because it is durable and affordable. 24K gold (999 purity) is preferred for investment in coins and bars as it has no alloy content. 18K gold is used for lightweight, modern jewellery designs.

There are currently 82 jewellers listed in Magadi on JewellersInCity. Use the listings above to compare prices, read reviews, and find the best jeweller near you.

Frequently Asked Questions

Gold rate in Magadi — common queries answered

Today's gold rate in Magadi, Bengaluru South is ₹13,636.83/gram for 22K (916 Hallmark) and ₹14,887.39/gram for 24K (999 purity). These rates are as of 08 May 2026.
10 grams of 22K gold in Magadi costs ₹136,368 today. 10 grams of 24K gold costs ₹148,874. Note: actual purchase price will include making charges and 3% GST.
1 Tola equals 11.664 grams. At today's rate, 1 Tola of 22K gold in Magadi costs ₹159,057 and 1 Tola of 24K gold costs ₹173,644.
1 Sovereign equals 8 grams. Today's price for 1 sovereign of 22K gold in Magadi is ₹109,095.
The IBJA (India Bullion and Jewellers Association) publishes a national benchmark rate. Local rates in Magadi vary by ₹1–₹15 per gram due to transportation costs from the nearest wholesale gold market, local demand, and supply chain logistics. Cities near wholesale hubs like Mumbai, Delhi, or Ahmedabad tend to have rates closer to the national benchmark.
22K gold (916 hallmark) is ideal for jewellery as it is more durable due to alloy content, and is the most common purity in Indian jewellery stores. 24K gold (999) is best for investment — coins and bars — because it has no alloy and retains value better. For daily-wear jewellery, 22K is the practical choice.
100 grams of 22K gold in Magadi costs ₹1,363,683 today. 100 grams of 24K gold costs ₹1,488,739. These are metal values only; buying cost will be higher.
The gold rate across Bengaluru South district follows the same base IBJA rate with minor tehsil-level adjustments. For the exact Bengaluru South district rate, visit the Bengaluru South gold rate page. Magadi is one of the tehsils within Bengaluru South district.

Magadi Stats

82
Total Jewellers

Today vs Yesterday

22K Today ₹13,636.83
22K Yesterday ₹13,778.43
Change ₹-141.60

Nearby Tehsils

Channapatna
Harohalli
Kanakapura
Ramanagara

Navigate

Bengaluru South
All Tehsils
Karnataka
All Districts
National Rate
India IBJA Rate
Disclaimer

Rates shown are indicative. Actual prices include making charges, GST and vary by jeweller.

Magadi vs National Gold Rate Today

How the local rate is built up from the IBJA benchmark

Magadi
₹13,637
per gram · 22K
Adjusted
Bengaluru South Dist.
—
per gram · 22K
Karnataka
—
per gram · 22K
India (IBJA)
₹13,845
per gram · 22K
Magadi: ₹208
Nearest gold hub: Chennai (330 km)
Location premium: +₹8.43/g vs IBJA

Gold Rate FAQ — Magadi

Common questions about gold pricing in Magadi

What is today's gold rate in Magadi?
Today's 22K (916 hallmark) gold rate in Magadi is ₹13,637 per gram. The 24K (999 purity) rate is ₹14,887/gram and 18K (750) is ₹11,177/gram. This rate is computed from the IBJA national benchmark adjusted for Magadi's distance from Chennai (330 km).
Why does gold cost less in Magadi than the national rate?
Gold is physically transported from major bullion hubs (Mumbai, Delhi, Chennai, Kolkata, Ahmedabad, Hyderabad, Jaipur, Surat) to retail outlets across India. Magadi is 330 km from the nearest hub (Chennai), so jewellers add a small location premium to cover transport, insurance, and local handling. The current location premium for Magadi is +₹8.43 per gram over the IBJA benchmark. State-level taxes and association-set retail prices also create small variations between cities.
When is the best time to buy gold in Magadi?
Two strategies — astrological and economic — guide gold buying in India. Astrologically, the next auspicious muhurat for Magadi is Akshaya Tritiya on Sunday, 9 May 2027 (366 days away), with the local window between 05:52 – 13:13. Economically, IBJA publishes rates twice daily (AM and PM) — afternoon rates often differ from morning by ₹20–₹100/g. Avoid buying during festival peaks (Akshaya Tritiya, Dhanteras) when rates spike from demand. Gold tends to soften in March-April after wedding season ends and again in September before Navratri starts.
What are the GST and other taxes on gold in Magadi?
Two GST components apply to every gold jewellery purchase across India, including Magadi: 3% GST on the gold value (weight × today's rate) and 5% GST on the making charges. A typical 10-gram 22K piece at today's rate of ₹13,637/g works out to: gold ₹136,368 + making charges (typically 8–14% in Karnataka) + 3% GST on gold + 5% GST on making. Since June 2021, hallmarking adds no extra cost — every BIS-certified piece must include the HUID stamp at no charge. Always insist on a GST-compliant tax invoice; without one, the purchase isn't legally protected and resale value drops.
How often do gold rates change in Magadi?
The India Bullion and Jewellers Association (IBJA) publishes official benchmark rates twice every working day — once in the morning and once in the afternoon. Most jewellers in Magadi update their counter rates with the AM IBJA rate and hold it through the day. International gold prices in London or Comex can shift the IBJA AM-vs-PM by ₹50–₹200 per gram on volatile days. On weekends and bank holidays no fresh rate is published, so Friday's evening rate carries through to Monday morning. For Magadi, the local rate also includes the location premium of +₹8.43/g — this stays stable for weeks unless the nearest hub's transport costs change.

Rate Tools — Magadi

Calculate, verify and convert gold values

Today's All-In Price (per 10g)

Final out-of-pocket price for 10 grams in Magadi including local making charges and GST:

Gold (22K, 10g) ₹136,368
Making @ 12% ₹16,364
GST (3% gold + 5% making) ₹4,909
Final price ₹157,642

Estimate only — your jeweller's actual making rate may differ. Always ask for an itemised bill.

Old Gold Exchange Rate

Today's likely buy-back rate per gram at Magadi jewellers (before wastage and assay deductions):

22K (916) hallmarked ~₹13,091/g
18K (750) hallmarked ~₹10,722/g
14K (585) hallmarked ~₹8,365/g

Formula: today's 22K × purity factor × (1 − wastage). Most Magadi jewellers deduct 2–8% as wastage. Non-hallmarked gold gets assayed first, often reducing the rate further.

HUID Verification

Every gold piece sold in Magadi after June 2021 must carry a six-digit HUID. To verify any bill or piece:

  1. Download BIS Care app (Play Store / App Store, free)
  2. Tap "Verify HUID" inside the app
  3. Enter the six-digit code stamped on your jewellery
  4. Match jeweller name + purity + hallmarking date with your bill

If the BIS Care result differs from the jeweller you bought from, refuse the piece and report to BIS at 1800-11-4000.

About Magadi

Bengaluru South, Karnataka

Magadi is a tehsil in Bengaluru South district, Karnataka. The nearest major gold trading hub is Chennai, approximately 330 km away, which results in local gold rates running about ₹8.43/g above the IBJA national benchmark. Magadi uses STD code 05605.

STD Code
05605
Nearest Gold Hub
Chennai · 330 km
Coordinates
12.9577°N, 77.2261°E
Gold Price Adjustment
+₹8.43/gram vs national

Upcoming Gold-Buying Muhurats — Magadi

Auspicious dates with local timing (-21 min vs IST)

Akshaya Tritiya

366 days away

Sunday, 9 May 2027

The single most auspicious day of the Hindu calendar to buy gold. Wealth purchased today is believed to grow continuously.

Magadi window
05:52 – 13:13
IST: 06:14 – 13:35 IST

Akshaya Tritiya

720 days away

Thursday, 27 April 2028

The single most auspicious day of the Hindu calendar to buy gold. Wealth purchased today is believed to grow continuously.

Magadi window
05:32 – 12:02
IST: 05:54 – 12:24 IST

Dhanteras

183 days away

Saturday, 7 November 2026

The first day of Diwali — when buying gold, silver and utensils invokes Goddess Lakshmi's blessings. Largest single-day gold buying event in India.

Magadi window
17:07 – 19:02
IST: 17:29 – 19:24 IST
Why timings differ from IST: Vedic muhurats are computed from local sunrise — so Magadi's longitude shifts the auspicious window by roughly 21 minutes from the standard IST muhurat. Magadi jewellers traditionally honour these local windows during festival sales.

Karnataka Jewellery Market

State-level buying context for Magadi shoppers

Tradition & Style

Mysuru is renowned for Mysore-style gold jewellery with distinctive ruby and emerald inlays. The Mysuru Dasara gold exhibitions attract national buyers.

Typical Making Charges

8–14%

of gold value in Karnataka

Preferred Purity

22K hallmark; bidri silver work popular

Peak Buying Seasons

Dasara (Mysuru Dasara, Oct), Ugadi (Apr), Akshaya Tritiya

Major Gold Markets in Karnataka

Bengaluru Mysuru Hubli Mangaluru

BIS adoption: High in Bengaluru; growing across Tier-2 cities.