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24K Gold ₹15,086 — 0.00% |
22K Gold ₹13,819 — 0.00% |
18K Gold ₹11,326 — 0.00% |
Silver ₹249 — 0.00% |
Platinum ₹6,285 — 0.00% |
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Gold Rate in Somvarpet Today

Somvarpet, Kodagu, Karnataka

Updated Today

Somvarpet Gold Rates

Today's prices · 07 May 2026

22K Gold (916) ↓ ₹0
₹13,638.91
per gram
10 grams ₹136,389
100 grams ₹1,363,891
Yesterday ₹13,780.51
24K Gold (999)
₹14,889.66
per gram
10 grams ₹148,897
100 grams ₹1,488,966
Yesterday ₹15,044.16
18K Gold (750)
₹11,178.44
per gram
10 grams ₹111,784
Silver (999)
₹236.54
per gram
100 grams ₹23,654

Gold Rate by Weight in Somvarpet

Today · 07 May 2026

Weight 24K (999) 22K ★ (916) 18K (750)
1 gram ₹14,890 ₹13,639 ₹11,178
2 grams ₹29,779 ₹27,278 ₹22,357
4 grams ₹59,559 ₹54,556 ₹44,714
5 grams ₹74,448 ₹68,195 ₹55,892
8 grams ₹119,117 ₹109,111 ₹89,428
10 grams ₹148,897 ₹136,389 ₹111,784
1 Tola (11.664 g) ₹173,670 ₹159,082 ₹130,383
20 grams ₹297,793 ₹272,778 ₹223,569
50 grams ₹744,483 ₹681,946 ₹558,922
1 Troy oz (31.1 g) ₹463,121 ₹424,218 ₹347,689
100 grams ₹1,488,966 ₹1,363,891 ₹1,117,844
1 kg ₹14,889,660 ₹13,638,910 ₹11,178,440
★ 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 — Somvarpet

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 — Somvarpet

22K & 24K daily rates

Date 24K / gram 22K / gram 22K / 10g
29 Apr 2026 Today ₹14,889.66 ₹13,638.91 ₹136,389
11 Apr 2026 ₹15,044.16 ₹13,780.51 ₹137,805
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 — Somvarpet

22K highest and lowest price each month

Apr 2026
High
₹13,781
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 Somvarpet

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About Gold Rate in Somvarpet

Gold rate in Somvarpet, Kodagu, Karnataka today is ₹13,638.91 per gram for 22K (916 Hallmark) gold and ₹14,889.66 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 Somvarpet.

The price of gold in Somvarpet 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 Somvarpet 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.

JewellersInCity is building the most complete directory of jewellers in Kodagu district. If you own or know a jewellery store in Somvarpet, list it free to reach thousands of local buyers.

Frequently Asked Questions

Gold rate in Somvarpet — common queries answered

Today's gold rate in Somvarpet, Kodagu is ₹13,638.91/gram for 22K (916 Hallmark) and ₹14,889.66/gram for 24K (999 purity). These rates are as of 07 May 2026.
10 grams of 22K gold in Somvarpet costs ₹136,389 today. 10 grams of 24K gold costs ₹148,897. 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 Somvarpet costs ₹159,082 and 1 Tola of 24K gold costs ₹173,670.
1 Sovereign equals 8 grams. Today's price for 1 sovereign of 22K gold in Somvarpet is ₹109,111.
The IBJA (India Bullion and Jewellers Association) publishes a national benchmark rate. Local rates in Somvarpet 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 Somvarpet costs ₹1,363,891 today. 100 grams of 24K gold costs ₹1,488,966. These are metal values only; buying cost will be higher.
The gold rate across Kodagu district follows the same base IBJA rate with minor tehsil-level adjustments. For the exact Kodagu district rate, visit the Kodagu gold rate page. Somvarpet is one of the tehsils within Kodagu district.

Somvarpet Stats

0
Total Jewellers

Today vs Yesterday

22K Today ₹13,638.91
22K Yesterday ₹13,780.51
Change ₹-141.60

Nearby Tehsils

Kushalnagar
Madikeri
Ponnampet
Virajpet

Navigate

Kodagu
All Tehsils
Karnataka
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National Rate
India IBJA Rate
Disclaimer

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

Somvarpet vs National Gold Rate Today

How the local rate is built up from the IBJA benchmark

Somvarpet
₹13,639
per gram · 22K
Adjusted
Kodagu Dist.
—
per gram · 22K
Karnataka
—
per gram · 22K
India (IBJA)
₹13,819
per gram · 22K
Somvarpet: ₹180
Nearest gold hub: Chennai (482 km)
Location premium: +₹10.51/g vs IBJA

Gold Rate FAQ — Somvarpet

Common questions about gold pricing in Somvarpet

What is today's gold rate in Somvarpet?
Today's 22K (916 hallmark) gold rate in Somvarpet is ₹13,639 per gram. The 24K (999 purity) rate is ₹14,890/gram and 18K (750) is ₹11,178/gram. This rate is computed from the IBJA national benchmark adjusted for Somvarpet's distance from Chennai (482 km).
Why does gold cost less in Somvarpet 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. Somvarpet is 482 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 Somvarpet is +₹10.51 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 Somvarpet?
Two strategies — astrological and economic — guide gold buying in India. Astrologically, the next auspicious muhurat for Somvarpet is Akshaya Tritiya on Sunday, 9 May 2027 (366 days away), with the local window between 05:47 – 13:08. 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 Somvarpet?
Two GST components apply to every gold jewellery purchase across India, including Somvarpet: 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 ₹13,639/g works out to: gold ₹136,389 + 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 Somvarpet?
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 Somvarpet 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 Somvarpet, the local rate also includes the location premium of +₹10.51/g — this stays stable for weeks unless the nearest hub's transport costs change.

Rate Tools — Somvarpet

Calculate, verify and convert gold values

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

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

Gold (22K, 10g) ₹136,389
Making @ 12% ₹16,367
GST (3% gold + 5% making) ₹4,910
Final price ₹157,666

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 Somvarpet jewellers (before wastage and assay deductions):

22K (916) hallmarked ~₹13,093/g
18K (750) hallmarked ~₹10,723/g
14K (585) hallmarked ~₹8,367/g

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

HUID Verification

Every gold piece sold in Somvarpet 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 Somvarpet

Kodagu, Karnataka

Somvarpet is a tehsil in Kodagu district, Karnataka. The nearest major gold trading hub is Chennai, approximately 482 km away, which results in local gold rates running about ₹10.51/g above the IBJA national benchmark. Somvarpet uses STD code 05567.

STD Code
05567
Nearest Gold Hub
Chennai · 482 km
Coordinates
12.5943°N, 75.8505°E
Gold Price Adjustment
+₹10.51/gram vs national

Upcoming Gold-Buying Muhurats — Somvarpet

Auspicious dates with local timing (-27 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.

Somvarpet window
05:47 – 13:08
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.

Somvarpet window
05:27 – 11:57
IST: 05:54 – 12:24 IST

Dhanteras

184 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.

Somvarpet window
17:02 – 18:57
IST: 17:29 – 19:24 IST
Why timings differ from IST: Vedic muhurats are computed from local sunrise — so Somvarpet's longitude shifts the auspicious window by roughly 27 minutes from the standard IST muhurat. Somvarpet jewellers traditionally honour these local windows during festival sales.

Karnataka Jewellery Market

State-level buying context for Somvarpet 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.