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Gold Rate in Mangalore (4th August 2021)

Aug 4, 2021
4,490 /Gram(22ct) -9

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 4,490 4,499 -9
8 gram 35,920 35,992 -72
10 gram 44,900 44,990 -90
100 gram 4,49,000 4,49,900 -900

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

Gram 24 Carat Gold
Today
24 Carat Gold
Yesterday
Daily Price Change
1 gram 4,898 4,909 -11
8 gram 39,184 39,272 -88
10 gram 48,980 49,090 -110
100 gram 4,89,800 4,90,900 -1,100

* The above gold rates are indicative and do not include GST, TCS and other levies. For the exact rates contact your local jeweller.

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

Date 22 Carat 24 Carat
Aug 3, 2021 44,900 -90 48,980 -110
Aug 2, 2021 44,990 0 49,090 0
Aug 1, 2021 44,990 -10 49,090 -10
Jul 31, 2021 45,000 -250 49,100 -270
Jul 30, 2021 45,250 350 49,370 380
Jul 29, 2021 44,900 100 48,990 110
Jul 28, 2021 44,800 200 48,880 220
Jul 27, 2021 44,600 -200 48,660 -220
Jul 26, 2021 44,800 100 48,880 110
Jul 25, 2021 44,700 0 48,770 0

Weekly & Monthly Graph of Gold Price in Mangalore

Historical Price of Gold Rate in Mangalore

  • Gold Price Movement in Mangalore, July 2021
  • Gold Rates 22 Carat 24 Carat
    1 st July rate Rs.44,000 Rs.48,000
    31st July rate Rs.45,000 Rs.49,100
    Highest rate in July Rs.45,250 on July 10 Rs.49,370 on July 10
    Lowest rate in July Rs.44,000 on July 1 Rs.48,000 on July 1
    Over all performance Rising Rising
    % Change +2.27% +2.29%
  • Gold Price Movement in Mangalore, June 2021
  • Gold Price Movement in Mangalore, May 2021
  • Gold Price Movement in Mangalore, April 2021
  • Gold Price Movement in Mangalore, March 2021
  • Gold Price Movement in Mangalore, February 2021
  • Gold Price Movement in Mangalore, January 2021

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 gold prices in Mangalore mounts up

The gold prices in Mangalore edged high slightly following cues in the global market amid a pullback in the U.S.

dollar and Treasury yields.

In the Indian market, the precious metal prices in Mangalore spotted trading high level at Rs.44,000/- per 10 grams of 22-carat gold and Rs.48,000/- per 10 grams of 24-carat gold.

Coming to the global market, the spot gold has seen trading at $1,777.01 per ounce; and U.S gold futures have seen at $1,778 per ounce.

Gold prices edged up on Monday, helped by a pullback in the US dollar and Treasury yields, while the loss-making palladium held its own after breaking above the $ 3,000-an-ounce level in the previous session.

Benchmark 10-year U.S. Treasury yields retreated after hitting their highest level in nearly two weeks last week, while the dollar index fell 0.2%. Lower bond yields lower the opportunity cost of holding interest-free gold, and a cheaper dollar makes gold more attractive to other currency holders.

3 May 2021
The gold rates in Mangalore lowers

The gold rates in Mangalore dropped today following cues in the international market amid a stronger dollar.

In the local market, the yellow metal prices in Mangalore were seen trading at Rs.45,700/- per 10 grams of 24-carat gold.

In the international market, the spot gold has seen at $1,726.90 per ounce and U.S gold futures have fallen 0.5% to $1,730.00 per ounce.

Gold prices edged down on Tuesday as the strength of the dollar offset lower US Treasury yields, ahead of testimony from Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen.

The dollar rose 0.5% against its rivals, while benchmark yields on US Treasuries fell. A stronger greenback increases the cost of holding bullion for other currency holders.

However, the Fed's signal of low-interest rates and the likelihood of further fiscal stimulus were limiting the metal's losses, and gold could gain additional support from a possible resurgence of COVID-19 cases. Declining economic optimism would hurt returns.

23 March 2021
The gold rates in Mangalore Surges up

The gold rates in Mangalore surged slightly following cues in the world market amid a weaker dollar. In the Indian market, the precious metal prices in Mangalore were spotted at Rs.46,900/- per 10 grams of 22-carat gold and Rs.51,170/- per 10 grams of 24-carat gold.

Coming to the international market, the spot gold has seen at $1,893.84 per ounce and U.S gold futures have seen at $1,898.70 an ounce.

Keeping the gold advance under control has been Republican Senate Majority Leader Mitch McConnell's refusal to vote quickly in the Senate on a bill to increase controls on U.S aid.

Unprecedented stimulus and low-interest rates to shield economies from the impact of this year's pandemic have benefited gold as it is viewed as a hedge against inflation.

European stocks fell as wider coronavirus lockdowns in Britain lowered expectations of a rapid economic recovery in 2021, despite vaccine launches.

Gold, the yellow metal, is the best and safest form of investment in times of political and economic uncertainty. The metal serves as a hedge against inflation and currency degradation.

2 January 2021
The gold rates in Mangalore rises

Gold prices have gained in Mangalore despite its fell in the global markets as the fate of the US presidential election remains tight, thus strengthening the dollar to rise.

Gold prices in Mangalore traded at Rs.47,600/- for 10 grams of 22-carat gold and Rs.51,920/- for 10 grams of 24-carat gold.

In the international scenario, spot gold stood at $ 1,916.50 per ounce, US gold futures at $ 1,887.60 per ounce.

The surge in the value of the dollar helped dampen gold prices as the metal slipped 1% during today’s session. The much tighter and tighter US presidential race has warned investors not to take stakes in riskier assets until the final results are released.

Trump's surprisingly strong performance in some of the swing states has helped the dollar soar today. The US currency managed to gain around 0.2% against a basket of rival currencies.

Amid the rampant increase in pandemic cases, Democratic candidate - Joe Biden is likely to pump more money to cushion the economy as it tries to recover from the virus crisis.

4 November 2020
The gold rates in Mangalore increases

The gold rates in Mangalore increased today following cues in the bullion market amid a stronger dollar.

In the Indian market, the yellow metal prices in Mangalore were seen trading at Rs.48,500/- per 10 grams of 22-carat gold and Rs.52,900/- per 10 grams of 24-carat gold.

In the international market, the spot gold has seen trading at $1,936.47 per ounce and U.S gold futures have at $1,942.50 per ounce.

Gold strengthened today in the world market on lingering uncertainties stemming from the coronavirus pandemic, but gains were limited as the dollar also benefited from safe-haven inflows amid concerns about a delay in vaccine development.

Investors are now awaiting the results of Thursday's European Central Bank policy meeting.
European countries need some kind of economic help from the central bank, which would make the euro a bit weaker against the dollar. The pandemic has forced major central banks to provide massive stimulus, helping gold gain around 28% so far this year as it is seen as a hedge against possible currency degradation and inflation.

9 September 2020
The gold rates in Mangalore Climbs

The gold rates in Mangalore Climbed today following cues in the international market amid rising coronavirus cases and the stronger dollar.

In the local market, the precious metal prices in Mangalore were seen trading high at Rs.50,760/- per 10 grams of 22-carat gold and Rs.55,370/- per 10 grams of 24-carat gold.

In the international market, the spot gold has eased 0.2% to $1,971.52 per ounce and U.S gold futures have 0.1% higher at $1,988 an ounce.

Gold hit a record high in the global market as fears about the economic fallout from rising coronavirus cases strengthened its appeal as a safe haven, before gradually falling as a rising dollar fueled some profit-taking.

Rising COVID-19 cases and simmering US-China tensions have shaken hopes for a rapid economic recovery, leading to inflows to safe-haven assets such as gold, which has soared by around 30% to present this year.
The yellow metal prices in Mangalore decided by some local jewellery shops association based on the international market.

3 August 2020
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

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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