Gold Rate Today in Mangalore Last Updated : 08 Dec 2022

  • Today's Gold Rate in Mangalore (08 Dec 2022)

    ₹ 5,065
    Today's Gold Rate (22K) per gram

    Compare 22K & 24K Gold Rate In Mangalore (Today & Yesterday)

    Rate Change
    Standard Gold (22 K) (1 gram) ₹ 5,065 ₹ 5,045 ₹ 20 ↑
    Standard Gold (22 K) (8 grams) ₹ 40,520 ₹ 40,360 ₹ 160 ↑
    Pure Gold (24 K) (1 gram) ₹ 5,318 ₹ 5,297 ₹ 21 ↑
    Pure Gold (24 K) (8 grams) ₹ 42,544 ₹ 42,376 ₹ 168 ↑

    Daily Gold Rates

    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    07 Dec 2022 ₹ 5,065 ₹ 40,520 ₹ 5,318 ₹ 42,544
    06 Dec 2022 ₹ 5,045 ₹ 40,360 ₹ 5,297 ₹ 42,376
    05 Dec 2022 ₹ 5,075 ₹ 40,600 ₹ 5,329 ₹ 42,632
    04 Dec 2022 ₹ 5,060 ₹ 40,480 ₹ 5,313 ₹ 42,504
    03 Dec 2022 ₹ 5,060 ₹ 40,480 ₹ 5,313 ₹ 42,504
    02 Dec 2022 ₹ 5,040 ₹ 40,320 ₹ 5,292 ₹ 42,336
    01 Dec 2022 ₹ 4,990 ₹ 39,920 ₹ 5,240 ₹ 41,920
    30 Nov 2022 ₹ 4,970 ₹ 39,760 ₹ 5,219 ₹ 41,752
    29 Nov 2022 ₹ 4,960 ₹ 39,680 ₹ 5,208 ₹ 41,664
    28 Nov 2022 ₹ 4,970 ₹ 39,760 ₹ 5,219 ₹ 41,752

    Weekly & Monthly Graph of Gold Rate in Mangalore (1 gram)

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    *Disclaimer: Bankbazaar makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are susceptible to change with Market value and provided on an as-is basis. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. We accept no liability for any loss arising from the use of the data contained on this website.

    Todays Gold Rates in Mangalore

    Gold rates in Mangalore depend on various national and global factors, including but not limited to, imports, tariffs, oil prices, demand and supply and strength of the dollar. The price of the yellow metal touched a 4-year low in India and to more than five-year low globally.

    According to experts, gold prices are unlikely to rise in the near future due to imminent hike in interest rates by the US Fed and Greeceā€™s default crisis among others. Rural India drives most of the demand for gold at 60% with majority of the sales registered during weddings. A diminishing rural purchasing power, low crop prices and a bad monsoon could therefore, have an adverse impact on the sale of gold jewellery. However, according to World Gold Council reports, given that 50% of the Indian population is under 25 years, around 150 million weddings are likely to take place in the coming ten years.

    Most consumers in Mangalore buy gold jewellery for auspicious occasions, festivals and weddings. Dhanteras and Akshaya Tritiya attract long queues in front of jewellery stores. In addition to its obvious ornamental uses, gold is used as a safe hedge against inflation and depreciation of other financial assets.

    Gold as an investment in Mangalore

    Gold in Mangalore has a store of value and extensively used for making jewellery with intricate designs. There are several reputed jewellers which offer hallmarked jewellery (awarded by the Bureau of Indian Standards, the gold adheres to international standards of purity) offering a wide range of gold articles suited for various occasions.

    Over-the-counter: In most households in Mangalore, gold is handed down from generation to generation. Gold is sold in retail in the form of bullions, coins and jewellery in Mangalore. The precious metal has traditionally been a preferred choice of most consumers to park their surplus income. Gold as a physical asset is, by and large, considered a safer investment compared to equities or bank deposits. While all kinds of jewellery - bangles, waist chains, earrings and so forth are available in Mangalore, most women prefer traditional designs worn during weddings. Apart from several national and international economic factors and geopolitics, transportation costs and local taxes are included in the price of gold sold in retail chains in Mangalore. Gold Palace, Aishwarya Jewellers, Apeksha Jewellers, Benaka Jewellers, Malabar Jewellers and Hanuman Jewellers are some of the prominent jewellery showrooms found in Mangalore.

    Market trade: Several investors prefer buying gold exchange traded funds (ETFs) to physical gold since the former offers higher liquidity and greater ease of storage. However, gold ETFs are currently on a downward slide courtesy falling gold rates in india and across the world. Gold futures in August delivery also hit the lowest intra-day in sex years at 1,134/ounce recently. According to experts, gold rates have further plummeted after 30 tonnes of gold was sold in the Shanghai spot market in the recent past.

    FAQs on Gold rate in Mangalore

    1. Can fixed deposit interest rates impact the prices of gold in Mangalore?

      Yes, any change in the fixed deposit interest rates can impact the prices of gold in Mangalore.

    2. Will the prices of gold in Mangalore be the same as in the rest of the cities in India?

      No, the prices of gold in Mangalore will be different from the other cities in India because of local taxes.

    3. Is there any difference between 22 carat gold and 24 carat gold?

      Yes, 22 carat gold contains other metals apart from gold, while 24 karat gold contains does not contain any other metals.

    4. What factors determine gold rates in Mangalore?

      Demand, interest rates, and the value of the rupee against the dollar determine gold rates in Mangalore.

    5. What are important things to know when I purchase gold in Mangalore?

      Some of the factors that you must consider before purchasing gold in Mangalore are ensuring you collect a receipt, understanding the buy-back terms, understand the various purity levels, checking the prices, and ensuring that the gold that is purchased has the BIS mark.

    Check Gold Price in NearBy Cities of Mangalore

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