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Gold Rate in Mangalore (17th August 2022)

Aug 17, 2022
4,805 /Gram(22ct) -15

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 4,805 4,820 -15
8 gram 38,440 38,560 -120
10 gram 48,050 48,200 -150
100 gram 4,80,500 4,82,000 -1,500

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

Gram 24 Carat Gold
Today
24 Carat Gold
Yesterday
Daily Price Change
1 gram 5,242 5,258 -16
8 gram 41,936 42,064 -128
10 gram 52,420 52,580 -160
100 gram 5,24,200 5,25,800 -1,600

* 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 16, 2022 48,050 -150 52,420 -160
Aug 15, 2022 48,200 0 52,580 0
Aug 14, 2022 48,200 0 52,580 0
Aug 13, 2022 48,200 400 52,580 430
Aug 12, 2022 47,800 400 52,150 440
Aug 11, 2022 47,400 0 51,710 0
Aug 10, 2022 47,400 -600 51,710 -650
Aug 9, 2022 48,000 400 52,360 430
Aug 8, 2022 47,600 0 51,930 0
Aug 7, 2022 47,600 0 51,930 0

Weekly & Monthly Graph of Gold Price in Mangalore

Historical Price of Gold Rate in Mangalore

  • Gold Price Movement in Mangalore, July 2022
  • Gold Rates 22 Carat 24 Carat
    1 st July rate Rs.47,900 Rs.52,250
    31st July rate Rs.47,250 Rs.51,540
    Highest rate in July Rs.48,130 on July 2 Rs.52,500 on July 2
    Lowest rate in July Rs.46,070 on July 21 Rs.50,250 on July 21
    Over all performance Falling Falling
    % Change -1.36% -1.36%
  • Gold Price Movement in Mangalore, June 2022
  • Gold Price Movement in Mangalore, May 2022
  • Gold Price Movement in Mangalore, April 2022
  • Gold Price Movement in Mangalore, March 2022
  • Gold Price Movement in Mangalore, February 2022
  • Gold Price Movement in Mangalore, January 2022

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

Gold Prices Falls in Mangalore

Gold prices fell in Mangalore following trends in gold markets amid a rise in the value of the dollar and US Treasury yields.

The price of gold in Mangalore traded at Rs 47,200 for 10 grams of 22 carats and Rs 51,490 for 10 grams of 24 carats.

In overseas markets, spot gold was valued at $1,773 an ounce and US gold futures at $1,772.80 an ounce.

Soaring interest rates have forced many central banks around the world to raise interest rates.

The continued rise in interest rates helped the dollar surge, weighing on the metal to slide.

Gold and the dollar share an inverse relationship, the rise in the dollar will lower the prices of the precious metal and vice versa.

After raising interest rates twice in a row, Fed officials hinted that they would continue to be aggressive in the near term.

The US dollar rose 0.1% against its rival currencies after jumping 0.8% overnight. The soaring dollar has made the dollar-denominated ornamental metal more expensive for other currency holders.

Three of the Fed officials from across the political spectrum noted that their colleagues remained completely united in pushing interest rates up to a level that would significantly dampen economic activity and lower inflation rates. Inflation rates in America have reached their highest level since the 1980s.

3 August 2022
The Yellow Metal Prices in Mangalore Rises

Gold prices edged higher in Mangalore despite being firm in international markets as the dollar declines on growing prospects for interest rate hikes.

In the domestic market, the precious metal prices in Mangalore were recorded at Rs.46,450/- for 10 grams of 22 carats and Rs 50,670/- for 10 grams of 24 carats.

On the global platform, spot gold was valued at $1,712 per ounce and US gold futures at $1,708.80 per ounce.

On Wednesday, gold prices in the bullion market remained little changed as they didn't make the most of the pullback in dollar value. Bullion demand is constrained amid growing prospects for aggressive monetary policies and rising US bond yields.

The decline in the value of the US currency for the fourth consecutive session, despite having traded at record highs in the past, has made dollar-priced bullion cheaper for currency holders in other countries.

Gold and the dollar share an inverse relationship, the fall of the dollar will cause gold prices to jump and vice versa.

Dollar strength sent the Indian Rupee through a record high of 80 in yesterday's trading session.

20 July 2022
The Precious Metal Prices in Mangalore Gains

Gold prices surged in Mangalore despite falling gold markets due to strong dollar and Treasury yields.

Gold rates in Mangalore were seen at Rs 46,950 for 10 grams of 22 carats and Rs 51,220 for 10 grams of 24 carats.

In the international forum, spot gold was trading at $1,736 an ounce and US gold futures at $1,726.60 an ounce.

Soaring inflation rates in the United States of America forced the US Fed to take an aggressive stance by raising interest rates by 75 basis points in June. The central bank is expected to maintain the same stance this month, as annual consumer prices in the United States jumped 9.1% last month, marking their biggest rise in more than four decades. The situation has prompted Americans to dig deeper to pay for food, gas, health care and rent.

Yesterday the markets swung wildly as the euro hit parity with the dollar for the first time in 20 years. Even investors are also worried about a bigger than expected interest rate hike by the US Fed for July.

14 July 2022
The Gold Rates in Mangalore Remains Same

Gold prices are stable in Mangalore despite a slight rise in gold markets as the value of the dollar declines.

The yellow metal prices in Mangalore were recorded at Rs.46,880/- for 10 grams of 22 carats and Rs.51,150/- for 10 grams of 24 carats.

In the international forum, spot gold was valued at $1,741 an ounce and US gold futures at $1,742.50 an ounce.

Prices for the precious metal firmed on Friday as it slid from the two-decade highs it had recently traded. Despite falling, the precious metal is set to register its biggest weekly drop in more than a month as the greenback's rise hits demand.

The US dollar fell slightly from its 20-year highs after gaining some weight against gold at the price of the greenback. For this week alone, the safe-haven asset has lost around 3.7% and is expected to post a fourth weekly decline and its worst since mid-May.

Rising inflation rates had forced an aggressive hawkish stance on interest rates. The move helped put inflation rates back on track, but another rate hike in July is imminent, raising fears of a global recession.

8 July 2022
Gold Prices in Mangalore Unmoves

Gold prices are balanced in Mangalore despite falling global markets as demand remains weak. Gold rates in Mangalore were seen at Rs.48,050/- for 10 grams of 22 carats and Rs.52,420/- for 10 grams of 24 carats.

On the global platform, spot gold was trading at $1,812.00 per ounce and US gold futures at $1,809.50 per ounce.

Prices for the precious metal fell today as a strong US dollar reduced demand for the yellow metal. Low yields on US Treasuries also had an impact on precious metal prices.

The US dollar hovered near recent two-week highs and made bullion less attractive to buyers from other countries. The metal is expected to experience its worst quarter in over a year.

Bullion prices slid to a five-month low on Friday, but managed to recover by the end of the session and are almost flat, according to the Reuters report. The report further revealed that benchmark 10-year US Treasury yields fell to their lowest level in a month on Friday, supporting non-performing bullion.

4 July 2022
The Precious Metal Prices in Mangalore Rises

Gold prices rose in Mangalore despite a fall in gold markets as the Indian government increased import duties on gold. Gold prices in Mangalore traded at Rs.48,050/- for 10 grams of 22 carats and Rs.52,420/- for 10 grams of 24 carats.

In international markets, spot gold was valued at $1,812 an ounce and US gold futures at $1,807.7 an ounce.

The metal slid in bullion markets yesterday and recorded a third straight weekly decline as the strong dollar and impending interest rate hikes diminished the appeal of the yellow metal. The precious metal is a non-performing asset.

The increase in import duty by the Indian government has also clouded demand prospects in the country. India is the second-largest consumer of gold and is next to China.

Analysts note that the dollar is the main pressure on the metal, with the bigger picture being rising interest rates.

Investors prefer the safe dollar amid growing fears of economic recession. The currency's gains have also made the metal more expensive for currency holders in other countries.

2 July 2022
The Precious Metal Prices in Mangalore Edges Up

Gold prices in Mangalore edged higher on signals from overseas markets amid a weak dollar. Gold rates in Mangalore were seen at Rs 47,550 for 10 grams of 22 carats and Rs 51,870 for 10 grams of 24 carats.

In the international forum, spot gold was trading at $1,827.00 an ounce and US gold futures at $1,830.3 an ounce.

Metal prices jumped yesterday as the dollar retreated and recession fears bolstered the appeal of the safe-haven asset. Looming interest rates put the non-performing asset on track for its first weekly decline.

The dollar index, the measure of the US currency against a host of other currencies, fell more than 0.2%, boosting the metal's appeal.

Gold and the US currency share an inverse relationship, a falling dollar will drive up metal prices and vice versa.

Fears of a global recession boosted its appeal for the safe haven, but the impending rise in interest rates put the non-performing asset on track for its weekly fall.

In the physical market, dealers offered deeper discounts nationwide this week to attract more buyers as the wedding season draws to a close. Few Chinese consumers bought bullion to hedge against lingering economic concerns.

25 June 2022
Gold Prices Fall Slightly in Mangalore

Gold markets in India are quite weak today, in line with the international trend. The rate of 22 karat gold is quoted at Rs. 47,650/10 grams, down Rs. 250, and 24 karat gold is quoted at Rs. 51,980/10 grams today, down Rs. 270, May 26.

Today, Comex gold futures were quoted at $1843.30 an ounce, down 0.15% from the last day of trading. Yesterday it was last quoted at $1846.30/oz.

Gold investors and traders were waiting for the publication of the US Fed minutes to analyze the economic situation and anticipate the future roadmap for the gold market. Commenting on the high rate of inflation in the United States, the Federal Reserve's policy meeting minutes noted: "Various participants noted the difficulties caused by high inflation and heightened market uncertainty.

inflation, including eroding the real income and wealth of American families and making it more difficult for businesses to plan production and investment.This high rate of inflation has caused markets to stay bullish for a long time, l global scale.

26 May 2022
Gold prices in Mangalore gains

Gold prices in Mangalore are up as high as 1000/10g. Hence, the price of 22K gold in the city after gaining Rs. 1000 is priced at Rs. 47,700 per 10g, while 24K gold on the price surge of Rs. 1090 is priced of Rs. 52,040 for 10g.

In international markets, spot gold at 11:39 a.m. (IST) was down 0.33% at $1,938.9 an ounce. Gold futures are also trading lower by a similar amount at $1936.9 an ounce. This is when the US dollar strengthened.

Over the past week, the precious yellow metal hit an 18-month high of $1973.96 per ounce.

Amid Russia's continued invasion of Ukraine, investors are finding refuge in safe havens. Additionally, the benchmark 10-year yield is gaining and rose more than 1% to 1.731% and even rose slightly to 1.7548% on Tuesday night.

Meanwhile, on the MCX, April gold futures fell by Rs. 51 rupees. 51,765 for 10g.

“Gold and silver gained on March 1 amid Russian aggression. Both metals settled on a positive note in the international market. set at $1,943.80, up 2.27% and May silver futures at $25.54, up 4.81%.

Both precious metals have settled on a positive note in the domestic market. We expect gold and silver prices to remain positive and any decline would be a buying opportunity.

2 March 2022
22k and 24k gold prices fell by Rs. 20/10 grams today.

The price of 22 karat gold per gram is quoted at Rs. 4497 today, yesterday it was Rs. 4499. So, 100 grams of 22 karat gold today is quoted at Rs. 449700.

For 24 karat gold the rate is Rs. 4907 yesterday it was Rs. 4909. Today the price of 100 grams of 24 karat gold is quoted at Rs. 490700.

Global gold rates are now quoted above the psychological high around $1810 an ounce, slightly bullish from last December's slide. Traders and investors are now gaining confidence in gold prices. In line with this, Indian gold rates are keeping rates stable as the IBJA is keeping gold rates rising in domestic markets.

Comex gold futures fell 0.26% and were quoted at $1,811.7 an ounce until the last trade. The day before, Comex gold futures closed at $1816.5 an ounce. Spot gold prices were quoted at $1811.50 an ounce, fell 0.48% until the last trade. The US dollar index in the spot market stood at 95.38, jumping only 0.16%. However, in India, MCX gold in February is quoted at Rs. 47,820/10 grams, fell slightly by 0.06%, until the last trade.

18 January 2022

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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