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Gold Rate in Mangalore (20th January 2020)

Jan 20, 2020
3,750 /Gram(22ct) 4

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 3,750 3,746 4
8 gram 30,000 29,968 32
10 gram 37,500 37,460 40
100 gram 3,75,000 3,74,600 400

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

Gram 24 Carat Gold
Today
24 Carat Gold
Yesterday
Daily Price Change
1 gram 4,090 4,086 4
8 gram 32,720 32,688 32
10 gram 40,900 40,860 40
100 gram 4,09,000 4,08,600 400

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

Date 22 Carat 24 Carat
Jan 20, 2020 37,500 40 40,900 40
Jan 19, 2020 37,460 10 40,860 10
Jan 18, 2020 37,450 100 40,850 110
Jan 17, 2020 37,350 150 40,740 160
Jan 16, 2020 37,200 240 40,580 270
Jan 15, 2020 36,960 10 40,310 10
Jan 14, 2020 36,950 -350 40,300 -390
Jan 13, 2020 37,300 40 40,690 1680
Jan 12, 2020 37,260 10 39,010 10
Jan 11, 2020 37,250 0 39,000 0

Weekly & Monthly Graph of Gold Price in Mangalore

Historical Price of Gold Rate in Mangalore

  • Gold Price Movement in Mangalore, December 2019
  • Gold Rates 22 Carat 24 Carat
    1 st December rate Rs.35,600 Rs.38,830
    31st December rate Rs.36,550 Rs.39,880
    Highest rate in December Rs.36,650 on December 28 Rs.39,980 on December 28
    Lowest rate in December Rs.35,250 on December 5 Rs.38,450 on December 5
    Over all performance Rising Rising
    % Change +2.67% +2.70%
  • Gold Price Movement in Mangalore, November 2019
  • Gold Price Movement in Mangalore, October 2019
  • Gold Price Movement in Mangalore, September 2019
  • Gold Price Movement in Mangalore, August 2019
  • Gold Price Movement in Mangalore, July 2019

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 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
Gold rate in Mysore climbs

The gold rate in Mangalore gained slightly despite slipped in the international market amidst a strong dollar, which hit one week high. The precious metal price in Mangalore was seen trading at Rs.32,500/- per 10 grams of 22-carat gold and Rs.35,440/- per 10 grams of 24-carat gold. In the overseas market, Spot gold was up by 0.1% at $1,404.75 per ounce and U.S gold futures declined by 0.3% to $1,407 an ounce. Yesterday the data showed a positive result from the United States retail sales whilch led to the fall of gold prices. The rising expectations on interest rate by the Federal Reserve has also impacted the prices of yellow metal. The United States and China are not close to any resolution at this point of time and central banks are continuing to buy gold especially China which is supportive for gold. The dollar index gained Tuesday after data showed that U.S. retail sales increased more than expected in June, adding to recent evidence that the economy is improving.

17 July 2019
Gold rates in Mangalore falls

The gold prices in Mangalore have slipped despite steadied in the bullion market amidst expectations for a U.S. rate cut. The gold rates in Mangalore were seen trading at Rs.30,550/- per 10 grams of 22-carat gold and at Rs.33,250/- per 10 grams of 24-carat gold. Spot gold was steady at $1,335.27 per ounce and U.S gold futures were down 0.2% to $1,339.60.

The United States and Mexico concluded their second day of talks on trade and migration on Thursday and markets rebounded on optimism a deal could be close. However, it remains unclear whether Mexican pledges to curb migration flows will be enough to persuade Washington to postpone tariffs.

U.S. President Donald Trump said he would decide whether to carry out his threat to hit Beijing with tariffs on at least $300 billion in Chinese goods after a meeting of leaders of the world’s largest economies late this month.

7 June 2019
Gold rates in Mangalore declines

The gold rates in Mangalore dip slightly following global cues amidst equities rallied high despite the metal fall in the international market. The yellow price in Mangalore was seen trading at Rs.29,600/- per 10 grams for 22-carat gold and Rs.32,000/- per 10 grams for 24-carat gold. In the bullion market, Spot gold was down 0.1 per cent to $1,273.18 per ounce and U.S gold futures also dip 0.2 per cent to $1,275 an ounce. The precious metal is positively correlated to oil as the metal is often seen as a hedge against oil-led inflation. But, the oil price rise is not enough to change the general sentiment surrounding gold. It just seems to be marking time, before other factors like a stronger dollar or equities exert downward pressure on the market. Markets now watching the release of the United States GDP data later in the week, which will provide clear indications about the strength of the world’s largest economy.

23 April 2019
Gold rates in Mangalore Dip Slightly

Gold rates in Mangalore declined slightly following global cues despite rose in the bullion market as the dollar weakened against major currencies. The precious metal price in Mangalore was trading at Rs.30,000/- per 10 grams for 22-carat gold and Rs.32,100/- per 10 grams for 24-carat gold. Spot gold gained 0.6 percent to settle at $1,303.30 per ounce and U.S gold futures also rose by 0.6 percent to touch $1,302.90 per ounce. British lawmakers voted to seek a delay in Brexit deal, setting the stage for Prime Minister Teresa May to get her divorce deal accepted by the parliament next week. The United jobs data and Brexit deal are holding the gold price high. The yellow metal price in Mangalore depends on the global factors, demand, supply factor and strength of the dollar.

15 March 2019
Gold Rates in Mangalore Declines Despite Being Steady in Global Market

The prices of gold in Mangalore declined amid being steady in the global market. The gold prices in Mangalore stood at Rs 2,975 per gram for 22 karats and at Rs 3,156 per gram for 24 karats.

The stock markets across the globe have started to recover after the recent Wall Street rout which hurt the global economic growth by a great extent. Investors shifted their focus from scrips to the precious metal in the recent days. This move helped the yellow metal to gain in the global market after it dipped by more than 13 percent during this fiscal.

The heavy prices of the yellow metal in Mangalore has dampened the spirit of customers who has postponed its purchase and hence the gold rates have dipped.

2 November 2018

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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