Gold Rate In Mangalore

  • Today's Gold Rate in Mangalore ( 17 Jan 2021 )

    ₹ 4,550
    Today's Gold Rate (22K) per gram

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

    Today
    Yesterday
    Rate Change
    Standard Gold (22 K) ( 1 gram ) ₹ 4,550 ₹ 4,600 ₹ -50 ↓
    Standard Gold (22 K) ( 8 grams ) ₹ 36,400 ₹ 36,800 ₹ -400 ↓
    Pure Gold (24 K) ( 1 gram ) ₹ 4,778 ₹ 4,830 ₹ -52 ↓
    Pure Gold (24 K) ( 8 grams ) ₹ 38,224 ₹ 38,640 ₹ -416 ↓

    Daily Gold Rates

    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    16 Jan 2021 ₹ 4,550 ₹ 36,400 ₹ 4,778 ₹ 38,224
    15 Jan 2021 ₹ 4,600 ₹ 36,800 ₹ 4,830 ₹ 38,640
    14 Jan 2021 ₹ 4,575 ₹ 36,600 ₹ 4,804 ₹ 38,432
    13 Jan 2021 ₹ 4,640 ₹ 37,120 ₹ 4,872 ₹ 38,976
    12 Jan 2021 ₹ 4,620 ₹ 36,960 ₹ 4,851 ₹ 38,808
    11 Jan 2021 ₹ 4,590 ₹ 36,720 ₹ 4,820 ₹ 38,560
    10 Jan 2021 ₹ 4,630 ₹ 37,040 ₹ 4,862 ₹ 38,896
    09 Jan 2021 ₹ 4,630 ₹ 37,040 ₹ 4,862 ₹ 38,896
    08 Jan 2021 ₹ 4,750 ₹ 38,000 ₹ 4,988 ₹ 39,904
    07 Jan 2021 ₹ 4,750 ₹ 38,000 ₹ 4,988 ₹ 39,904

    Weekly & Monthly Graph of Gold Rate in Mangalore

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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.

    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 Greece’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.

    Trend of Gold Rate in Mangalore for October 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    October 1 Rate  Rs.5,006 per gram
    October 31 Rate  Rs.4,973 per gram
    Highest Rate in October Rs.5,061 per gram on 13 October and from 25 - 27 October
    Lowest Rate in October Rs.4,967 per gram on 30 October
    Overall Performance  Decline
    Percentage Change 0.65%

    Trend of Monthly Gold Rate in Mangalore for October 2020

    • In Mangalore, the gold rate opened the month of October at Rs.5,006 per gram and showed an overall decline for the month. The price of the metal hit its highest price of the month at Rs.5,061 per gram on 13 October.
    • However, as the value of the dollar increased, the price of the metal dipped gradually in the month. Gold prices recorded the highest price of the month yet again on 25 October at Rs.5,061 per gram.
    • On 30 October, the metal hit its lowest price of the month at Rs.4,967 per gram and closed the month on 31 October at Rs.4,973 per gram, recording an overall decline at 0.65%.

    Trend of Gold Rate in Mangalore for September 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    September 1 Rate Rs.5,127 per gram
    September 31 Rate Rs.5,171 per gram
    Highest Rate in September Rs.5,358 per gram on 21 September
    Lowest Rate in September Rs.4,946 per gram on 26 September
    Overall Performance Incline
    Percentage Change -0.85%

    Trend of Monthly Gold Rate in Mangalore in September 2020:

    • In Mangalore, the gold rate recorded an inclining trend for September, unlike most other cities where a decline was recorded. Opening at Rs.5,127 per gram on 1 September, the gold price recorded inclines in the first three weeks of the month.
    • However, as the value of the dollar increased in the international, the yellow metal began declining but not before hitting its highest price of the month at Rs.5,358 per gram on 21 September.
    • At the end of the month, gold prices dipped to hit its lowest at Rs.4,946 per gram on 26 September and closed at Rs.5,171 per gram on with an overall incline of 0.85%.

    Trend of Gold Rate in Mangalore for August 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    August 1 Rate Rs.5,501 per gram
    August 31 Rate Rs.5,295 per gram
    Highest Rate in August Rs.5,761 per gram on 8 August
    Lowest Rate in August Rs.5,066 per gram on 2 August
    Overall Performance Decline
    Percentage Change -3.75%

    Trend of Monthly Gold Rate in Mangalore for August 2020:

    • With the rising COVID-19 cases all over the world, gold price in Mangalore in August opened at Rs.5,501 per gram on 1 August. The lowest rate of the month was on 2 August at Rs.5,066 per gram.
    • On 8 August, the gold rate was at its highest at Rs.5,761 per gram as the value of the dollar dipped in the international market prompting investors to shift to the bullion market.
    • However, after the metal hit all-time highs, the gold rate dipped at the end of the month as the value of the dollar recovered in the market. On 31 August, the metal closed at Rs.5,295 per gram.

    Trend of Gold Rate in Mangalore for July 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    July 1 Rate Rs.4,984 per gram
    July 31 Rate Rs.5,381 per gram
    Highest Rate in July Rs.5,436 per gram on 30 July
    Lowest Rate in July Rs.4,946 per gram on 7 July
    Overall Performance Incline
    Percentage Change 7.96%

    Trend of Monthly Gold Rate in Mangalore for July 2020:

    • One gram of gold had been priced at Rs.4,984 on 1 July. The metal saw a lot of changes in its price during the month and eventually settled at Rs.5,381 per gram on 31 July.
    • The gold price in Mangalore reached its highest on 30 July and was sold at Rs.5,436 per gram. The lowest Mangalore gold price in July had been on 7 July and the metal was sold at Rs.4,946 per gram.
    • The overall price of gold had seen an incline of 7.96% during this month.

    Trend of Gold Rate in Mangalore for June 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    June 1 Rate Rs.4,817 per gram
    June 30 Rate Rs.4,991 per gram
    Highest Rate in June Rs.4,991 per gram on 30 June
    Lowest Rate in June Rs.4,724 per gram on 8 June
    Overall Performance Incline
    Percentage Change 3.61%

    Trend of Monthly Gold Rate in Mangalore for June 2020:

    • The month of June started off with the yellow metal being priced at Rs.4,817 per gram on 1 June. By the end of the month, the metal was being priced at Rs.4,991 per gram.
    • The fears over a resurgence of the Coronavirus and a grim outlook on the economic by the U.S. Federal Reserve had increased the demand for the precious metal during the month. Many factors like the U.S. Federal Reserve's pledge to maintain low interest rates had led to the fluctuations in the price of gold.
    • During the month, gold saw an overall increase in its price by 3.61%. The metal hit its lowest price on 8 June. On this day, the metal was being retailed at Rs.4724 per gram.

    Trend of Gold Rate in Mangalore for May 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    May 1 Rate Rs.4,681 per gram
    May 31 Rate Rs.4,803 per gram
    Highest Rate in May Rs.4,900 per gram on 20 May
    Lowest Rate in May Rs.4,600 per gram on 9 May
    Overall Performance Incline
    Percentage Change 2.60%

    Trend of Monthly Gold Rate in Mangalore for May 2020:

    • Gold opened at the rate of Rs.4,681 per gram in Mangalore. The appeal for safe-haven investments had increased and the risk sentiments started to intensify between the U.S. and China. The threat of new tariffs being imposed on China had caused this rivalry. During this week, the rates of the precious metal started see a fall. It had then reached its lowest rate of May and had been standing at Rs.4,600 per gram on 9 May. This dip in price had been driven by the risk sentiments which kept increasing after the restrictions of the lockdown had been relaxed. With most economic activities trying their best to get back on their feet, the appeal of safe haven investments had started to reduce.
    • Gold had held steady during the second week of this month. This week had started with the metal being priced at Rs.4,601 per gram. The economic condition across the world had started to weaken with the pandemic. People had anticipated the release of the U.S. jobs data report and this had helped in keeping the prices of the yellow metal. Most investors across the world had started to become pessimistic about equities. A lot of fears of the revival of this pandemic had then dampened the risk appetite of investors and had increased the appeal of gold.
    • The next week had seen the metal reach its highest price at Rs.4,900 per gram on 20 May. This had been driven by the increasing tensions around U.S. and China. The rates had then been steady by a firm U.S. dollar, and an increase in economic stimulus measures by central banks across the world. The easing of the lockdown restrictions in a lot of countries, and also the anticipation of coronavirus vaccine had led to the price of gold to fluctuate throughout the week.
    • During the last week of the month, there had been a fall in the prices of the yellow metal as the Japanese equities had risen due to a potential stimulus package. Even though the risk appetite had increased, this had been held back by tensions around Hong Kong and this had led to a volatility in the stock market. The ease in restrictions and a firm U.S. dollar had helped in maintaining the appeal of safe-haven investments like gold. The price trend of gold in May in Mangalore had been an incline of 2.60%. Gold had closed at Rs.4,803 per gram on 31 May.

    Trend of Gold Rate in Mangalore for April 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    April 1 Rate Rs.4,053 per gram
    April 30 Rate Rs.4,731 per gram
    Highest Rate in April Rs.4,800 per gram on 27 April
    Lowest Rate in April Rs.4,053 per gram from 1 April to 5 April
    Overall Performance Incline
    Percentage Change 16.72%

    Trend of Monthly Gold Rate in Mangalore for April 2020:

    • In the city of Mangalore, gold prices showed an inclining trend throughout the month of April, opening at Rs.4,053 per gram on 1 April and remained steady until 5 April. With the nation on lockdown and the bullion trading centres shut to prevent the spread of COVID-19, gold prices remained steady for the major part of the first week. However, on 6, April, gold prices in the city increased to Rs.4,062 per gram and further increased substantially to Rs.4,397 per gram on 7 April, ending the week at the same price. The rise in prices was majorly due to local demand and the metal’s trends in the international market. With demand for the safe-haven metal at a high due to market uncertainties, the price of the metal showed an inclining trend early in the month due to its increased safe-haven appeal amongst investors.
    • Gold prices showed continuous inclines in the second week of the month as well. On 8 April, gold was priced at Rs.4,416 per gram but dipped marginally to Rs.4,391 per gram on the next day. In the second week, the metal’s prices fluctuated to a great extent due to constant fluctuations in the price of the metal in the international market due to various global factors. On 10 April, the price of the yellow metal has increased marginally to hit the Rs.4,400 per gram mark, decreasing again to Rs.4,354 per gram on 12 April. With stock markets and equities constantly shifting in trends due to the effect of COVID-19 on the economy, investors shifted the bullion market due to its safe-haven appeal and this increased the demand for the metal. On 13 April, the price of the metal was Rs.4,309 per gram, dipping yet again by almost Rs.50 per gram. Even though the inclines and declining trend of the metal continuous and marginal, it was an aftereffect of the factors playing a role in the market. After increasing marginally to Rs.4,311 per gram on 14 April, the price of gold closed the second week of the month at Rs.4,421 per gram on 15 April increasing by more than Rs.100 per gram.
    • The beginning of the third week of the month showed a marginally declining trend of gold in the market, followed by a gradual inclining trend. Opening the week at Rs.4,432 per gram on 16 April, the price of gold increased further on 17 April to Rs.4,453 per gram. However, with reports of a possible vaccine for COVID-19 treatment circling in the media, the risk appetite amongst investors increased and shifted to equities. Due to this, the price of the metal dipped and was Rs.4,304 per gram on 18 April, dipping by more than Rs.100 per gram. Falling further, gold prices were at Rs.4,295 per gram on 19 April and showed a marginal incline on 20 April, priced at Rs.4,296 per gram. Gold prices kept dipping for the next two days from 21 April, at Rs.4,291 per gram and to Rs.4,286 per gram on 22 April. However, with the reports of the vaccine being shunned, the uncertainty of the markets prompted investors to shift back to the bullion market, thus increasing the price of the metal to Rs.4,409 per gram on 23 April, ending the third week of April.
    • The inclining trend of the precious metal was clearly seen in the last week of the month, even though the lockdown restrictions were said to be eased in various countries. Priced at Rs.4,470 per gram on 24 April, the metal’s value had increased by almost Rs.60 in a day, further increasing to Rs.4,519 per gram on 25 April. The rise in prices was majorly due to the uncertainty of the markets with the number of cases and deaths due to COVID-19 were increasing daily. The price of gold on 26 April was Rs.4,530 per gram and hit its highest price of the week and the month on 27 April at Rs.4,800 per gram. However, in the last three days of the month, gold saw a declining trend in its prices with speculations of easing of lockdown restrictions were on the rise from various countries. Along with this, higher risk appetite played a major role in the dipping of gold prices. On 28 April, the price of the metal was 4,371 per gram and closed the month at the same price on 30 April, recording a percentage incline of 16.72.

    Trend of Gold Rate in Mangalore for March 2020 (rates per gram for 24 karat gold)

    Parameter Gold price (24 karat)
    March 1 Rate Rs.4,090 per gram
    March 31 Rate Rs.4,053 per gram
    Highest Rate in March Rs.4,368 per gram on 7 March
    Lowest Rate in March Rs.3,953 per gram on 20 March
    Overall Performance Decline
    Percentage Change -0.90%

    Gold Rate Trend in Mangalore for March 2020:

    • In Mangalore, the rates of the yellow metal opened the month of March at Rs.4,090 per gram. The rates were down by Rs.105 for every gram when compared to the previous month’s closing price. Over the opening week, the rates increased in the city as the US Federal Reserve cut the interest rates. Gold recorded its highest price for the month on the last day of the week with every gram costing Rs.4,368.
    • In the second week, the rates slipped. Having opened the week at Rs.4,337 per gram, the prices dipped due to concerns about the economic impact due to the coronavirus pandemic. By the end of the week, gold was priced at Rs.4,237 per gram.
    • The rates slipped further and recorded its lowest price for the month on 20 March when a gram of the yellow metal cost Rs.3,953. The drop in the prices was accounted to investors liquidating their assets. Gold prices fluctuated in the city over the third week.
    • Over the final week, gold prices remained constant in the city. In the international market, the rates dropped because investors continued to liquidate their positions in the safe-haven metal despite stimulus measures being announced to combat the economic damage caused by the outbreak of the coronavirus pandemic. In Mangalore, gold’s overall performance witnessed a decline of 0.90% in the prices.

    Trend of Gold Rate in Mangalore for February 2020 (rates per gram for 24 karat gold)

    Parameter Gold price (24 karat)
    February 1 Rate Rs.4,014 per gram
    February 29 Rate Rs.4,195 per gram
    Highest Rate in February Rs.4,232 per gram on 25 February
    Lowest Rate in February Rs.3,956 per gram on 7 and 8 February
    Overall Performance Incline
    Percentage Change 4.50%

    Gold Rate Trend in Mangalore for February 2020:

    • Gold opened the month of February at Rs.4,014 per gram in Mangalore. The rates of the yellow metal didn’t see any change in the prices when compared to the closing price of the previous month. Having stayed constant for the next couple of days, the rates slipped in the city and closed the opening week at Rs.3,956 per gram, the lowest recorded price for February.
    • In the second week, the rates of gold fluctuated a lot in the city with stocks faltering and the dollar easing from a four-month high. Every gram of the 24-karat gold was sold for Rs.4,008 on 14 February as investors bet on the safe-haven metal to hedge against the economic impact of coronavirus.
    • The rates increased from 15 February onwards as the safe-haven demand for gold increased drastically given the increasing number of new coronavirus cases and deaths being reported from outside of China. Gold touched the highest recorded price for the month in the city on 25 February with the metal costing Rs.4,232 per gram.
    • In Mangalore, gold closed the month at Rs.4,195 per gram. The overall performance of the metal showed an incline of 4.50% in the prices for the month of February.

    Trend of Gold Rate in Mangalore for January 2020 (rates per gram for 24 karat gold)

    Parameter Gold price (24 karat)
    January 1 Rate Rs.3,860 per gram
    January 31 Rate Rs.4,014 per gram
    Highest Rate in January Rs.4,053 per gram on 9 January
    Lowest Rate in January Rs.3,848 per gram on 2 January
    Overall Performance Incline
    Percentage Change 3.98%

    Gold Rate Trend in Mangalore for January 2020:

    • In Mangalore, the rates of gold started the month of January at Rs.3,860 per gram. Over the month, gold prices saw a lot of fluctuations due to the outbreak of coronavirus in China, unrest in the Middle East and uncertainty about the trade deal between the United States and China.
    • Gold recorded the highest price for the month on 9 January with every gram of the yellow metal being traded for Rs.4,053 in the city. This was accounted to the dollar remaining on the back foot as progress was being made in the trade ties between Washington and Beijing.
    • The rates of the yellow metal slipped in the city post that as easing tensions between the United States and Iran rekindled appetite for higher risk assets. Optimism regarding an interim Sino-U.S. trade deal also helped matters as some of bullion’s safe-haven appeal was dented.
    • Gold closed the first month of 2020 at Rs.3,848 per gram with the overall performance showing an incline of 3.98% in the prices of the precious metal.

    Find Today's Gold Rate in Top Metro Cities

    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.

    Also Check Gold Price in NearBy Cities of Mangalore

    Also Know: Silver Rate in Mangalore

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