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Gold Rate in Mangalore (9th July 2020)

Jul 9, 2020
4,638 /Gram(22ct) 38

Mangaluru the coastal city of Karnataka not only has a great appetite for fish, but, also a solid desire for the finest gold ornaments. The gold profession is in fact as old as the city of Mangalore.

Today 22 Carat Gold Price Per Gram in Mangalore (INR)

Gram 22 Carat Gold
Today
22 Carat Gold
Yesterday
Daily Price Change
1 gram 4,638 4,600 38
8 gram 37,104 36,800 304
10 gram 46,380 46,000 380
100 gram 4,63,800 4,60,000 3,800

Today 24 Carat Gold Rate Per Gram in Mangalore (INR)

Gram 24 Carat Gold
Today
24 Carat Gold
Yesterday
Daily Price Change
1 gram 5,060 5,016 44
8 gram 40,480 40,128 352
10 gram 50,600 50,160 440
100 gram 5,06,000 5,01,600 4,400

Gold Rate in Mangalore for Last 10 Days (10 g)

Date 22 Carat 24 Carat
Jul 9, 2020 46,380 380 50,600 440
Jul 8, 2020 46,000 300 50,160 310
Jul 7, 2020 45,700 350 49,850 400
Jul 6, 2020 45,350 -310 49,450 -310
Jul 5, 2020 45,660 10 49,760 10
Jul 4, 2020 45,650 -50 49,750 -100
Jul 3, 2020 45,700 30 49,850 30
Jul 2, 2020 45,670 -380 49,820 -380
Jul 1, 2020 46,050 370 50,200 370
Jun 30, 2020 45,680 -70 49,830 -70

Weekly & Monthly Graph of Gold Price in Mangalore

Historical Price of Gold Rate in Mangalore

  • Gold Price Movement in Mangalore, June 2020
  • Gold Rates 22 Carat 24 Carat
    1 st June rate Rs.44,250 Rs.48,270
    30th June rate Rs.45,680 Rs.49,830
    Highest rate in June Rs.45,750 on June 29 Rs.49,900 on June 29
    Lowest rate in June Rs.43,250 on June 6 Rs.47,220 on June 6
    Over all performance Rising Rising
    % Change +3.23% +3.23%
  • Gold Price Movement in Mangalore, May 2020
  • Gold Price Movement in Mangalore, April 2020
  • Gold Price Movement in Mangalore, March 2020
  • Gold Price Movement in Mangalore, February 2020
  • Gold Price Movement in Mangalore, January 2020

Gold Rates in Mangalore 22 karats

Gold rates in Mangalore 22 karats largely depends on how gold prices in the international markets behave. If prices go higher in global markets all shops in Mangalore will hike gold rates. There are a number of shops in Managlore like Khazana Jewellery Mangalore, Malabar Gold Mangalore that provide you an opportunity to buy the best. Remember that Mangaloreans have a great appetite for the precious metal. They have a great taste for the finest patterns of gold and will buy only when they are satisfied. Other cities in and around Mangalore like Udupi also see a good demand for the precious metal.

Places to Buy Gold in Mangalore and Udupi

There are plenty of showrooms from where you can buy gold in Mangalore and Udupi.

Some of these have several branches in and around the city. For example, Abharan has its showrooms in both these cities and has carved a niche for itself. Kahazana and Sultan Jewellery are the other places where you can purchase the precious metal. What is interesting is that you can also sell your gold in Mangalore at Attica, which has an outlet in the city.

Gold rates in Puttur

Puttur is not very far from Mangalore. In fact, the gold rates in Puttur and Mangalore are almost the same. This is because the distance between the two cities is almost 52 kms. So, it does not matter whether you are buying gold in Mangalore or Puttur it is one and the same. However, at all times you should consider the fact that gold as a precious ornament will be slightly different as far as rate are concerned. So, be very careful when you are buying into gold. It is better to buy and hold goold in Puttur for the long term. We suggest that you make sure you buy gold for the long haul. Before buying gold in Mangalore, make sure that you check, compare and understand the various charges that are involved in the charges that are levied for the manufacture of gold. It is better to hold the precious metal for the more longer term, to make some money out of the same. 

Latest Updates on Mangalore Gold Rates

The price of gold in Mangalore dips

The price of gold in Mangalore has decreased slightly despite it's jumped in the world markets amid an increase in pandemic cases.

Gold prices in Mangalore were identified at Rs.45,680/- per 10 grams of 22-carat gold and Rs.49,830/- per 10 grams of 24-carat gold. In the global scenario, spot gold was recorded at $1,782.96 per ounce and gold futures in the United States at $1,799.20 per ounce.

Fears of an increase in coronavirus cases worldwide have pushed up precious metal prices to reach record prices since the start of fiscal 2020. The ingot that managed to gain more than 12% during the quarter is on track to mark its best quarter since late March 2016.
The pandemic epidemic which was first noticed in the Chinese province of Wuhan at the end of last year has now spread around the world, with a whooping cough of 10 million cases and deaths crossing 5 lakhs, over the weekend.

The turbulent situation put pressure on yellow metal prices to gain strength, as investors are currently avoiding investing in riskier assets like stocks. Even the real estate sector has also been hit hard by the crisis and is struggling to return to normal.

30 June 2020
The gold prices in Mangalore falls

The gold prices in Mangalore fell today despite its rise in the international market amidst trade tensions between the United States and China. On the Indian market, precious metal prices in Mangalore were trading at Rs.44,050/- for 10 grams of 22-carat gold and Rs.48,080/- for 10 grams of 24-carat gold. In the bullion market, spot gold gained 0.5% to $ 1,734.39 an ounce and American gold futures rose 0.9% to $ 1,737 per ounce. The dollar index that measures the dollar gained 0.5% against a basket of six major currencies traded. Since most of the stock markets and other commodities are currently under pressure, the uncertainty surrounding the situation in China and trade relations with the United States is helping gold. Tensions have heightened fears of the slower global recovery from the economic damage caused by the coronavirus, putting pressure on stock markets but supporting the haven currency for the United States.

22 May 2020
The price of gold in Mangalore slips

The price of gold in Mangalore dipped slightly today despite a slight increase in the foreign market amid a stronger dollar. On the national market, the prices of yellow metal in Mangalore were negotiated at Rs.39,650/- for 10 grams of 22-carat gold and Rs.42,850/- for 10 grams of 24-carat gold. In the bullion market, spot gold stabilized at $1,692.77 per ounce and American gold futures contracted at $1,711.80 per ounce.

The dollar was seen trading at a high level against a basket of six major currencies traded. Gold prices in 2020 and 2021 are expected to consolidate below recent highs, as increased demand is offset by the strength of the dollar and weak retail consumption. In the longer term, the fall in the price of oil is disinflationary and therefore weighs on gold as one of the many factors. The likelihood of another U.S monetary stimulus also supported gold.

21 April 2020
The gold rates in Mangalore gains

The gold rates in Mangalore rose slightly following cues in the overseas market amid the impact of coronavirus. In the national market, the yellow metal prices in Mangalore were spotted at Rs.38,150/- per 10 grams of 22-carat gold and Rs.41,660/- per 10 grams of 24-carat gold. Coming to the overseas market, spot gold gained 0.8% to $1,481.30 per ounce and U.S gold futures have climbed 0.5% to $1,486.50 an ounce. The US Federal Reserve has turned on the taps for central banks in nine new countries to access dollars in the hopes of preventing the epidemic from causing a global economic rout. Asian stocks sought a reprieve following gains on Wall Street, while the dollar was set for its biggest weekly rise since the 2008 crisis as the epidemic dashed for money. The yellow metal prices in Mangalore set by the international standards and the prices are decided by some local jewellery shops associations.

20 March 2020
The gold rates in Mangalore slips

The gold rates in Mangalore inched down today following cues in the overseas market amid a stronger dollar. In the local market, the yellow metal prices in Mangalore were seen trading lower at Rs.38,690/- per 10 grams of 22-carat gold and Rs.42,240/- per 10 grams of 24-carat gold. in the international market, spot gold has edged lower by 0.2% to $1,568.11 per ounce and u.S gold futures have fallen 0.5% to $1,571.70 an ounce. The dollar index which measures the dollar was trading higher against a basket of major traded currencies also, pulling back the yellow metal prices in the overseas market. Asian stocks rebounded after a record on Wall Street. Chinese policymakers are expected to deploy more stimulus measures, including higher budget spending and lower interest rates. Gold is very sensitive to any drop in interest rates, which lowers the opportunity cost of holding unproductive bullion. Rate cuts also weigh on the dollar, in which gold is valued.

11 February 2020
The Gold Rates in Mangalore inches down

The gold rates Mangalore fell today following cues in the international market as tensions in the Middle East eases. In the local market, the yellow metal prices were spotted at Rs.37,250/- per 10 grams of 22-carat gold and Rs.39,000/- per 10 grams of 24-carat gold. The dollar was trading high against a basket of six major traded currencies. In the international market, spot gold has inched down 0.3% to $1,548.17 per ounce and U.S gold futures have fallen 0.3% to $1,549.40. Meanwhile, global stocks have come together to reach record levels after comments by US President Donald Trump and Iran have pointed to stop further escalation of military tensions, even as the United States increases sanctions against Iran. Weighing more on gold, the dollar looked set to post its best week in two months. Witness the sentiment, the assets of the world's largest exchange-traded fund, SPDR Gold Trust, fell 0.5% to 882.12 tonnes on Thursday.

10 January 2020
The Gold rates in Mangalore remains constant

The gold rates in Mangalore remained unchanged today despite it's gain in the international market amid trade deal between the United States and China. In the domestic market, the yellow metal prices in Mangalore were seen at Rs.35,550/- per 10 grams of 22-carats gold and Rs.38,780/- per 10 grams of 24-carats gold.

Coming to the international market, spot gold has gained 0.3% to $1,482.02 per ounce and U.S gold futures have inched up 0.2% to $1,487.90. The weaker dollar pushed the yellow metal price in the global market. The U.S President Trump said Tuesday that an agreement with China may have to wait after the November 2020 U.S presidential election.

Gold benefited from strong safe-haven flows, stock volatility and the falling dollar. And that's the reason gold has risen overnight. US Secretary of Commerce Wilbur Ross has unexpectedly rejected a trade deal with Beijing and launched a new attack on telecommunications giant Huawei.

4 December 2019
The gold rates in Mangalore remains constant

The gold rates in Mangalore stands flat today following trends in the international market amid trade talks between U.S and China. In the domestic market, the gold prices in Mangalore were spotted at Rs.36,150/- per 10 grams of 22-carats gold and Rs.39,440/- per 10 grams of 24-carats gold. In the global market, spot gold has inched up 0.2% to $1,506.95 per ounce and U.S gold futures have up 0.3% at $1,509.60 per ounce.

The dollar index, which measures the greenback versus a basket of other currencies, was up slightly today morning after rising nearly 0.6% last week.

The Fed is expected to meet on October 29th and 30th. Traders have a 90% chance of being lowered to 25 basis points, according to the CME Group's FedWatch tool. The US central bank has already lowered interest rates twice this year.

All eyes are on the Fed meeting, but what investors are looking for is whether the central bank will stay dovish for the rest of the year.

28 October 2019
The gold rates in Mangalore gains

The gold rates in Mangalore gained today despite slipping in the bullion market amid a steadied dollar. In the local market, the gold prices in Mangalore were spotted at Rs.35,650/- per 10 grams of 22-carat gold and Rs.38,850/- per 10 grams of 24-carats gold. Spot gold has fallen 0.1% at $1,529.62 per ounce and U.S gold futures have down 0.2% to $1,537.00 per ounce.

The dollar was trading stood in the international market against a basket of six major traded currencies. Trump's rhetoric on China took a new turn on Tuesday as he criticized Beijing's trade practices at the United Nations General Assembly, saying he would not accept a bad deal in trade talks U.S-China. The tone of Trump's speech contradicted some of China's recent moves to meet its demand to buy more U.S agricultural products. Both parties meet in October for interviews.

The yellow metal price in Mangalore depends on the international trade market and it is decided by some local jewellery shops associations.

25 September 2019
Gold prices in Mangalore unmoves

The yellow metal price in Mangalore stands flat despite its fall in the bullion market amidst geopolitical tensions and a Stronger dollar. The gold prices in Mangalore were trading flat today was seen at Rs.35,300/- per 10 grams of 22-carat gold and Rs.38,500/- per 10 grams of 24-carat gold. In the overseas market, spot gold has dipped 0.2% at $1,498.37 an ounce and U.S gold futures have declined 0.5% to $1,508 an ounce.

Traders have locked their profits and shifted focus on a speech by U.S. Federal Reserve Chairman Jerome Powell at Jackson Hole for clarity on the direction of monetary policy. Investors are also looking for the Group of Seven summit which is scheduled this weekend for clues on what additional steps policymakers may take to push economic growth.

The yellow metal prices in Mangalore depends on the International trade market, rupee exchange value against the dollar and logistics.

22 August 2019

Disclaimer: The gold rates are sourced from local jewellers in the city. There maybe variance in rates and prices. GoodReturns.in has made every effort to ensure accuracy of information provided; however, Greynium Information Technologies Pvt Ltd, its subsidiaries and associates do not guarantee such accuracy. The rates are for informational purposes only. It is not a solicitation to buy, sell in precious gold. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates do not accept culpability for losses and/or damages arising based on gold information provided.

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