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Magikarp will evolve into Gyarados.
Level 21
The Gold Magikarp is a shiny Magikarp. It evolves into a red Gyarados. There is a 1 in 8912 chance that the Pokemon you encounter is shiny. This can be reduced to 1 in 2048 chance by using the Masuda method. This is basically when you breed a Magikarp with a foreign Ditto. The egg has a 1 in 2048 chance of being shiny.
in the lake of rage you kan have him in shiny or you catch a magikarp and train him to lv. 20
Shiny pokemons are ultra rare.To get a shiny magikarp use your old rod.If your lucky you will get one.If you have shiny gyarados breed it then you can get a shiny magikarp.It will be in gold.