|Parameters||Gold price (24 karat)|
|Gold Rate on 1st October 2017||Rs.2,985 per gram|
|Gold Rate on 31st October 2017||Rs.2,942 per gram|
|Highest Rate in October||Rs.2,995 per gram 16 October|
|Lowest Rate in October||Rs.2,932 per gram on 27 October|
|Overall Monthly Performance||Decline|
October 2017-Week 1 (1st to 8th)
- Gold price in Mangalore marked a seven week low on the first week of October as the US economy strengthened and the treasury became strong.
- The trading in the month of October started at Rs.2,985 per gram and edged to Rs.2,966 per gram on 2 October.
- On 3 October, the precious metal loosed its appeal and traded at Rs.2,956 per gram. Such drastic downturn was also the impact of demonetization and rise in the gold tax.
- The poor trend overseas dropped the spot gold and gold futures rate as well.
- On 4 October & 5 October, gold rate was constant at Rs.2,961 per gram and afterwards the rates declined, owing to the pre-festive demand.
- The first week’s trading ended at Rs.2,952 per gram, without any major fluctuation across the entire week.
October 2017-Week 2 (9th to 15th)
- Bullion traded at Rs.2,976 per gram on the first day of week 2 and gradually jumped to Rs.2,981 per gram, the rise in the price was because of the growing demand from buyers and retailers.
- The gold price in Mangalore remained constant for three consecutive days and raised thereafter as the KYC norms that was mandatory was revived for attract more buyers. This increased the pre-festive sales of the metal.
- North Korea's nuclear ambition further spurred the gold rate to touch Rs.2,987 per gram and the week ended with gold traded at the same price.
October 2017-Week 3 (16th to 22nd)
- Gold traded, the month’s highest, in Mangalore on the first day of week 3 due to the massive demand in the dhanteras season.
- On 18 October, spot gold rate edged to $1,286.11 per ounce, whereas gold futures for December jumped by 0.2%.
- However, due to the soaring geopolitical tension in US and the impacts of Hurricane IRMA and Harvey, forced the gold rate to fluctuate in the third week of October.
- The lack of demand from jewelers as well buyers after the Diwali season dropped the gold’s rate to Rs.2,966 per gram and left alike for three days continuously.
October 2017-Week 4 & Week 5 (23rd to 31st)
- Gold price in Mangalore fell to Rs.2,956 per gram and further plummeted to Rs.2,951 per gram as the demand of gold exchange trade fund declined and equity linked savings scheme raised.
- On 27 October, gold traded the month’s lowest, with yellow metal priced Rs.2,932 per gram.
- At the bullion market, the precious metal loosed its lusture and traded at Rs.2,947 for two days as the demand for global cues raise and US dollar became strong.
- President Donald Trump’s decision to choose a policy hawk resulted in rise in treasury yields that bounced the dollar price, which resultantly dropped the gold prices to Rs.2,942 per gram and remained same on the last day of the month.
|Parameters||Gold price (24 karat)|
|Gold rate on 1st September 2017||Rs.2,956 per gram|
|Gold rate on 30th September 017||Rs.2,985 per gram|
|Highest Rate in September||Rs.3,056 per gram on 8 September|
|Lowest Rate in September||Rs.2,956 per gram on 1 September|
|Overall Monthly Performance||Incline|
September 2017 - Week 1 (1st-10th)
- Gold trade in Mangalore fluctuated during the week due to unstable demand for the metal from jewellers and retail customers.
- The yellow metal traded at Rs.2,956 per gram on the 1st.
- Prices rose to Rs.2,995 per gram on the 2nd due to increased global demand.
- With steady demand for the metal, prices remained unchanged on the following day as well.
- Global markets crashed due to tensions rising between the US and North Korea. This resulted in the precious metal being priced at Rs.3,015 per gram on the 4th.
- Following North Korea’s confirmation of having their own nuclear weapons, gold prices rose to Rs.3,029 per gram on the 5th.
- Gold rates in Mangalore surged further to Rs.3,034 per gram on the 6th, before dropping to Rs.3,024 per gram on the 7th.
- However, the 8th saw the yellow metal touch the monthly high figure of Rs.3,056 per gram.
- Subdued demand from jewellers and retail customers resulted in gold being priced at Rs.3,041 per gram for the remainder of the week.
September - Week 2 (11th-17th)
- Gold traded at Rs.3,019 per gram on the 11th due to decline in demand from jewellers and retailers.
- Global trade tanked as overseas relations with North Korea worsened. In addition, low domestic demand resulted in gold prices dropping to Rs.3,001 per gram on the 12th.
- Marginal increase in demand led to gold trading at Rs.3,010 per gram on the 13th before dropping to Rs.2,995 per gram on the 14th due to an uncharacteristic decline in domestic purchases.
- The rest of the week witnessed gold trading at Rs.3,005 per gram on the 16th and the 17th.
September 2017 - Week 3 (18th-24th)
- The third week began with the precious metal trading at Rs.3,005 per gram on the 18th, thanks to steady global and local demand.
- Investors suspended purchases awaiting news on the latest US Federal Reserve meetings. This led to the precious metal trading at Rs.2,971 per gram on the 19th.
- Gold prices in Mangalore rose to Rs.2,995 per gram on the 20th, thanks to the festive season closing in.
- Rates dropped to Rs.2,970 per gram on the 21st before rebounding to Rs.2,990 per gram on the 22nd as demand for the metal witnessed a rise, coupled with fluctuations in the US dollar.
- Marginal decline in demand brought gold rates to Rs.2,980 per gram on the 23rd.
- Steady domestic demand for the precious metal resulted in prices remaining unchanged at Rs.2,980 per gram for the rest of the week.
September 2017 - Week 4 (25th-30th)
- The last week began with gold trading on a low note at Rs.2,970 per gram on the 25th.
- Gold rates in Mangalore surged to Rs.3,029 per gram on the 26th with the festive season having arrived.
- However, on the 27th, the strengthening of the dollar resulted in reduced domestic trade and gold traded at Rs.3,005 per gram.
- Delayed purchases from investors and retail customers following the recovery of the US economy led to gold rates staying static at Rs.2,985 per gram for the remainder of the week.
|Parameters||Gold price (24 karat)|
|August 1 Rate||Rs.2,878 per gram|
|August 31 Rate||Rs.2,956 per gram|
|Highest Rate in August||Rs.2,976 per gram on 29 August|
|Lowest Rate in August||Rs.2,845 per gram on 7 August|
|Overall Monthly Performance||Incline|
August ‘17- Week 1 (1st to 6th)
- Fluctuations in the price of gold were recorded in the first week of August, as the yellow metal opened the week at Rs.2,878 per gram.
- Gold fell to Rs.2,854 per gram on 3 August after the dollar rate was boosted by positive global trends and crude prices.
- Demand for gold rose as the week progressed, with the metal trading at Rs.2,865 per gram on 4 August.
- Gold price in Mangalore fell to Rs.2,855 per gram towards the end of the week, as gold did not attract the interest of investors due to a stable market.
August ‘17- Week 2 (7th to 13th)
- Gold was priced at Rs.2,845 per gram on 7 August as overseas demand was sluggish but steady.
- The price of the metal rose to Rs.2,893 per gram on 10 August as markets took a plunge after less than favourable jobs data, which renewed interest in bullion.
- Gold price in Mangalore rose to Rs.2,922 per gram on 11 August , with the price remaining stable for the remainder of the week.
- Local demand also began to rise as positive international trends led to an increase in demand from local jewellers.
August ‘17- Week 3 (14th to 20th)
- Prices were on the decline in the third week of August in spite of steady demand from local industrial units.
- Gold was priced at Rs.2,915 per gram on 14 August, with the price remaining steady till 17 August due to strong demand from Chinese markets.
- Demand for the yellow metal dipped as the week progressed, as markets vacillated due to conflicting cues.
- Gold traded at Rs.2,910 per gram as the week ended on 20 August due to sluggish demand from overseas and demand patterns.
August ‘17- Week 4 (21st to 27th)
- The dip in demand continued in the fourth week as gold opened at Rs.2,903 per gram on 21 August.
- Gold price in Manglore rose to Rs.2,908 per gram on 22 August only to fall back to Rs.2,903 per gram on 23 August due to unstable dollar rates.
- Tensions between the United States and North Korea also impacted gold prices, as heightened tensions led to an increase in demand for gold.
- Prices began to rise towards the end of the week, with gold priced at Rs.2,927 per gram on 26 & 27 August.
August ‘17- Week 5 (28th to 31st)
- Demand was on the increase in the final week of August as the escalating threat of war with North Korea and instability in the United States led to investors increasingly turning to bullion.
- Gold was priced at Rs.2,927 per gram on 28 August but rose to Rs.2,976 per gram on 29 August following a sharp drop in the dollar rate.
- Demand dropped to Rs.2,966 per gram on 30 August before ending the month at Rs.2,956 per gram on 31 August.
|Parameters||Gold price (24 karat)|
|July 1st Rate||Rs.2,950 per gram|
|July 31st Rate||Rs.2,874 per gram|
|Highest Rate in July||Rs.2,950 per gram on 1 and 2 July|
|Lowest Rate in July||Rs.2,796 per gram on 14 July|
|Overall Monthly Performance||Decline|
July 2017 - Week 1 (1st - 9th)
- Gold prices in Mangalore started for the month of July with the metal trading at Rs.2,950 per gram.
- Due to a sustained demand, prices remained unchanged on the 2nd before dropping to Rs.2,940 per gram on the 3rd as global demand went down.
- Gold rate in Mangalore went down again on the 4th to Rs.2,915 per gram - nearing eight-week lows - as the US dollar surged ahead of other currencies.
- On the 7th, gold prices went down to Rs.2,900 per gram - as the dollar kept strengthening - and went down to Rs.2,880 per gram on the 8th.
- When the week came to an end on the 9th, gold was still trading at Rs.2,880 per gram - a decrease of Rs.70 since the beginning of the month.
July 2017 - Week 2 (10th - 16th)
- The second week of July began with gold further dropping further to Rs.2,875 per gram but went up to Rs.2,870 per gram on the 11th of July.
- But due to a slight increase in demand from local investors, gold prices in Mangalore went up to Rs.2,890 per gram on the 12th and continued to trade at the same rate on the 13th as well.
- The 14th of July saw gold price in Manglore reach a monthly low of Rs.2,796 per gram - due to a marked drop in demand.
- The sudden fall was complemented by an increase in prices as a weakening dollar pushed gold rates up.
- When the week ended, gold was still trading at Rs.2,815 per gram.
July 2017 - Week 3 (17th - 23rd)
- When the third week of July commenced, gold was still trading at Rs.2,815 per gram.
- As gold prices rising in the global market, rates in Mangalore saw a considerable increase as well.
- Gold rate in Mangalore went up to Rs.2,830 per gram on the 18th and remained the same on the 19th of July before increasing slightly to Rs.2,833 per gram on the 20th of the month.
- A weakening dollar led to a price drop internationally, which pushed domestic prices up.
- On the 21st, gold was selling at Rs.2,845 per gram, which then rocketed to Rs.2,866 per gram on the 22nd.
- During the last day of July week 3, gold was still trading at Rs.2,866 per gram.
July 2017 - Week 4 (24th - 31st)
- The final week of July saw gold price in Mangalore fluctuate considerably due to several domestic and global factors.
- On the 24th of July, gold prices were recorded at Rs.2,866 per gram which went up to Rs.2,869 per gram on the 25th of the month.
- The 26th however saw rates dip to Rs.2,850 per gram due to a collectively subdued demand from domestic jewellers.
- Rates went up to Rs.2,874 per gram on the 27th as conflicts involving the US caused some panic buying among the investors.
- During the 28th and the 29th, gold rate in Mangalore remained in the 2,870 range due to sustained buying from investors.
- When the month ended on the 31st, prices had increased slightly to Rs.2,874 per gram.a
- Despite a late flourish, gold prices saw a decline of 2.57% for the month of July.
|Parameters||Gold price (24 karat)|
|June 1 Rate||Rs.2,933 per gram|
|June 30 Rate||Rs.2,920 per gram|
|Highest Rate in June||Rs.2,965 per gram on 8 June|
|Lowest Rate in June||Rs.2,895 per gram on 20 June|
|Overall Monthly Performance||Decline|
June ‘17- Week 1 (1st to 4th)
- Gold prices in Mangalore were on the ascent in the first week of June, barring some minor fluctuations.
- The yellow metal was priced at Rs.2,933 per gram on 1 June but fell to Rs.2,915 per gram on 2 June due to a drop in demand.
- Prices rose for the rest of the week, with gold trading at Rs.2,940 per gram on 3 June due to a fall in the dollar value, which led to increased demand from Asian markets.
- The price was unchanged as the week ended, resulting in gold trading at Rs.2,940 per gram on 4 June.
June ‘17- Week 2 (5th to 11th)
- Prices continued to rise in the second week, with gold trading at Rs.2,950 per gram as the week began on 5 June.
- Prices rose to Rs.2,965 per gram on 8 June as stock markets were unstable due to geopolitical tensions and the Trump administration’s proposed overhaul of the U.S. healthcare system.
- A dip in local demand led to prices falling towards the middle of the week, as gold registered a price of Rs.2,930 per gram on 10 June.
- Stagnant demand led to the precious metal closing the week trading at Rs.2,930 per gram on 11 June.
June ‘17- Week 3 (12th to 18th)
- Gold prices in Mangalore fluctuated in the third week as demand from jewellers was muted and overseas trends dictated local demand patterns.
- Gold was priced at Rs,2925 per gram on 12 June, marking a fall in price from the previous week as demand dropped due to a rise in U.S. dollar rates.
- Prices rose to Rs.2,930 per gram on 13 & 14 June but soon fell to Rs.2,915 per gram on 16 June due to inconsistent demand and fewer orders from Asian nations.
- India also reduced imports due to high dollar rates, which led to an overall decline in demand as the price fell to Rs.2,910 per gram on 18 June.
June ‘17- Week 4 (19th to 25th)
- The fourth week began with a further reduction in price as gold traded at Rs.2,905 per gram on 19 June.
- Gold fell to its lowest price for the month, trading at Rs.2,895 per gram on 20 June due to a decline in demand both domestically as well as overseas.
- Prices began to recover as jewellers slowly increased orders, though the rise was marginal.
- Gold was priced at Rs.2,910 per gram on 22 June.
- A minor dip in the dollar rate spurred demand from overseas industry, which led to gold prices rising to Rs.2,920 per gram on 24 June.
- Domestic retail demand rose in the run-up to the implementation of GST, which kept prices constant as gold ended the week trading at Rs.2,920 per gram on 25 June.
June ‘17- Week 5 (26th to 30th)
- There were marked fluctuations in the price of gold in the last week as local demand spiked before the imposition of the new indirect tax structure.
- Gold was priced at Rs.2,918 peer gram on 26 June due to a minor dip in overseas demand.
- Prices fell in Mangalore to Rs.2,900 per gram on 27 June due to a rally by the U.S. dollar, which reduced demand for the metal in most markets.
- Prices jumped to Rs.2,960 per gram on 28 June as local demand increased due to sinking markets in India, though prices soon swung to Rs.2,920 per gram on 29 June.
- The month ended with gold priced at Rs.2,920 per gram on 30 June, recording a loss of 0.44% in value over the course of the month.
|May 1st Rate||Rs.2,945 per gram|
|May 31st Rate||Rs.2,918 per gram|
|Highest Rate in May||Rs.2,945 per gram on 1st May|
|Lowest Rate in May||Rs.2,840 per gram from 11th-14th May|
May 2017 - Week 1 (1st - 7th):
- When trading began in Mangalore for the month of May, gold prices were on a relative low - a clear reflection of the trend seen nationwide.
- On the 1st of May, gold was priced at Rs.2,945 per gram - which consequently happened to be the highest gold rate for the month.
- The 2nd saw prices drop significantly by Rs.40 to Rs.2,905 per gram as demand for the metal fell after it was reported that US dollar was exchanging at a much higher rate.
- Despite the European markets remaining volatile, owing to French Presidential Elections, gold prices didn’t receive the traction as analysts expected.
- Instead, gold prices dropped a further Rs.30 per gram to go down to Rs.2,975 per gram on the 4th.
- Though gold rates remained unchanged on the 5th, another drop in local demand brought prices further down to Rs.2,950 per gram on the 6th.
- A sustained demand on the 7th stopped gold rates from falling further, thereby ending the week at Rs.2,950 per gram.
May 2017 - Week 2 (8th - 14th):
- The second week of May continued the same price trend, which was seen during the first week.
- Prices fell for the second week in a row, thereby making May one of the worst performing months of 2017.
- On the 8th, gold was priced at Rs.2,950 per gram but as demand went up slightly, prices reached Rs.2,955 per gram.
- However, due to a lack of demand in domestic circles and a strengthening dollar in the international market, gold prices went back down to Rs.2,950 per gram on the 10th.
- Prices fell again on the 11th - this time by Rs.10 - to hit Rs.2,940 per gram.
- For the next three days - till the end of the week- gold prices remained unchanged as they were still holding at Rs.2,940 per gram.
May 2017 - Week 3 (15th - 21st):
- The third week of May seemed to ride the sine wave in Mangalore as gold prices saw some positive and negative trends.
- On the 15th, when the week began, gold was priced at Rs.2,845 per gram - a Rs.5 increase from the previous day’s closing price.
- Rates didn’t change on the 16th and 17th due to there being no demand but took a significant leap on the 18th.
- Prices went from Rs.2,845 per gram to Rs.2,905 per gram - a whopping Rs.60 per gram increase - which was monumental in boosting a rather sluggish performance.
- This was the period when the US stocks nosedived, which spurred investors to resort to the safe haven.
- After that rapid rise in prices, bullion trade consolidated with the metal selling at Rs.2,900 per gram on the 19th.
- The 20th saw prices go up again to Rs.2,908 per gram as US stocks were still on their path to recovery.
- When the week came to an end, gold prices were still holding at Rs.2,908 - a positive sign after a terribly slow two weeks.
May 2017 - Week 4 (22nd - 28th):
- During the fourth week, gold prices seemed to go up and down before going down again as US dollar made a comeback.
- On the 22nd, gold was trading at Rs.2,905 per gram but as demand was still high, prices went up to Rs.2,930 per gram on the 23rd.
- As US dollar gained, investors backed out, which in turn pushed gold prices down to Rs.2,915 per gram.
- For the next couple days, till the 26th, gold prices remained stable at Rs.2,915 per gram despite a as US dollar gains hit its peak.
- On the 27th, as uncertainty grew, gold prices hit Rs.2,930 per gram and went on at the same rate on the 28th as well.
May 2017 - Week 5 (29th - 31st):
- The last three days of May in Mangalore saw some fluctuations too with the week beginning at Rs.2,930 per gram.
- As news of US Labour Department survey hit the market, gold prices went up to Rs.2,938 per gram on the 30th.
- Even though dollar value sunk, gold prices remained stagnant and even went down on the last day of the month.
- Gold rates fell by Rs.20 and ended May’s trading at Rs.2,918 per gram.
|April 1st Rate||Rs.2,910 per gram|
|April 30th Rate||Rs.2,945 per gram|
|Highest Rate in April||Rs.2,990 per gram from 14th April to 16th April and 22nd and 23rd April|
|Lowest Rate in April||Rs.2,905 per gram on 10th April|
April ‘17 - Week 1 (1st to 9th)
- The rate of gold on the 1st of April in Mangalore was Rs.2,910 per gram. The low rate of gold could be attributed to the U.S. Federal Reserve’s dovish tone regarding interest rate along with slow U.S. market data.
- The above rate was noted until the 3rd of the month.
- The price of gold rose on the 4th of April by Rs.20 to trade at Rs.2,930 per gram as a result of higher demand from jewellers in domestic markets. As the demand for this metal increased, the price of gold increased by Rs.5 to trade at Rs.2,935 per gram on the 5th of April.
- However, this demand could not be sustained and gold rate reduced to trade at Rs.2,925 per gram on the 6th and 7th of April.
- As the week progressed, the price of gold continued to reduce with this yellow metal trading at Rs.2,915 per gram on the 8th and 9th of April.
April ‘17 - Week 2 (10th to 16th)
- Due to fluctuations in the demand for this precious metal, there were a few changes noted in the rate of gold during the 2nd week of April.
- Gold traded at a monthly low of Rs.2,905 per gram on the 10th of April thanks to a greater dollar value. However, the rate of this precious metal gradually increased as the week progressed due to various geopolitical issues which enhanced the safe-haven demand for the metal.
- The rate of gold was Rs.2,960 per gram on the 12th of April and increased the next day by Rs.5 to trade at Rs.2,965 per gram.
- As the week progressed, the price of gold continued to increase with this metal trading at Rs.2,990 per gram on the 15th and 16th of April which was also the highest at which this metal traded at for the month.
April ’17- Week 3 (17th to 23rd)
- Gold was priced at Rs.2,985 per gram on the 17th of April which was lower than the wek seen during the previous week.
- As the week progressed, variations were seen in the price of gold.
- The rate of gold declined again on the 18th before increasing on the 19th to trade at Rs.2,985 per gram.
- Due to an increase in the value of the rupee on the 20th, potential gold buyers were presented with a favourable to buy this metal.
- The price of gold on the 22nd and 23rd of April was a repeat of that seen on the 15th and 16th of April due to high demand for this metal.
April ’17- Weeks 4 (24th to 30th)
- On the 24th of April in Mangalore, gold was priced at Rs.2,965 per gram and then fell by Rs.15 the next day to trade at Rs.2,950 per gram. However, as the demand for this metal decreased, the rate of gold fell as well.
- Gold rate reduced to Rs.2,920 per gram on the 26th of the month prior to marginally increasing to Rs.2,925 per gram on the 27th of April.
- Gold traded at Rs.2,930 per gram on the 27th as the centrist candidate, Emmanuel Macron, won the first round of the French Presidential election.
- On the last two days of the month of April in Mangalore, gold traded at Rs.2,945 per gram, recording an incline of 1.20% in the rate.
|March 1st Rate||Rs.3,005 per gram|
|March 31st Rate||Rs.2,900 per gram|
|Highest Rate in March||Rs.3,005 per gram on 1st of March|
|Lowest Rate in March||Rs.2,855 per gram on 15th of March|
March ‘17 - Week 1 (1st to 5th)
- Trends in both national and international markets were an indication of a rise in gold prices due to high demand for this precious metal.
- However, this demand was sustained only during the beginning of the month and started declining as the month progressed, with a few fluctuations.
- Gold opened at Rs.3,005 per gram on the 1st of March but declined the next day to trade at Rs.2,990 per gram.
- As the week progressed, the rate of gold continued to decline.
- On the last two days of the month, the rate of gold was steady at Rs.2,970 per gram due to low but stable demand from jewellers.
March ‘17 - Week 2 (6th to 12th)
- Gold traded at Rs.2,962 per gram on the 6th of March which was lower than that of the rates seen during the previous week.
- Gold rate in Mangalore was sustained until the next day.
- As demand for gold plunged, the rate of this precious metal fell as well to trade at Rs.2,930 per gram and continued to decline further the next day as well to trade at Rs.2,910 per gram on the 9th of March.
- The price of gold in Mangalore continued to decline as the value of the U.S. Dollar started to rise. Gold was priced at Rs.2,900 per gram from the 10th of March until the end of the week.
March ’17- Week 3 (13th to 19th)
- Gold continued to trade at Rs.2,900 per gram on the first day of the third week of March before falling by Rs.20 the next day.
- Due to a slight increase in the demand for gold, the rate of this precious metal fluctuated slightly. The lowest rate of gold was noted on the 15th of March wherein the price of this precious metal was Rs.2,855 per gram.
- Gold traded at Rs.2,890 per gram on the 17th of March.
- This price of gold in Mangalore was sustained until the end of the third week.
March ’17- Weeks 4 (20th to 26th)
- Due to positive cues from both domestic as well as international markets, the rate of gold increased to Rs.2,900 per gram on the 20th of March.
- Gold price in Mangalore declined slightly on the 21st to trade at Rs.2,885 per gram before rising again to trade at Rs.2,920 per gram on the 22nd of March.
- A steady demand for this metal ensured that the price of gold remained unchanged until the end of the week.
March ’17- Weeks 5 (27th to 31st)
- On the 27th of March, the rate of gold in Mangalore continued to be Rs.2,920 per gram before noting a slight increase of Rs.5 the next day.
- On the 29th of March, gold continued to trade at Rs.2,925 per gram before falling by Rs.10 the next day to trade at Rs.2,915 per gram.
- On the last day of the month, gold traded at Rs.2,900 per gram which was the lowest rate of gold noted during that week.
- At the end of the month, a decline of 3.49% was noted in the rate of gold.
|February 1st Rate||Rs.2,945 per gram|
|February 28th Rate||Rs.3,005 per gram|
|Highest Rate in February||Rs.3,005 per gram on 27th & 28th February|
|Lowest Rate in February||Rs.2,945 from 1st-5th February|
February ‘17 - Week 1 (1st to 5th)
- The price of gold in Mangalore was stable for the frost week as demand was muted.
- Gold traded at Rs.2,945 per gram on 1st February, with the price remaining unchanged till 5th February.
- Local demand was low, which kept prices stable in spite of increasing demand overseas.
- Industrial demand fluctuated, which led to prices rising as the week ended.
- Gold traded at Rs.2,945 per gram on 5th February, with no change in price recorded for the week.
February ‘17 - Week 2 (6th to 12th)
- The second week saw the price of gold rise marginally, though demand was still muted due to poor local demand.
- Gold was priced at Rs.2,955 per gram on 6th February, with the price rising by Rs.25 per gram to trade at Rs.2,980 per gram on 7th February.
- Higher industrial demand coupled with fluctuating overseas markets led to an increase in demand for gold.
- Gold prices rose further, trading at Rs.2,985 per gram on 9th February but fell sharply to trade at Rs.2,940 per gram on 10th February.
- The price rose again as the week ended, with gold trading at Rs.2,970 per gram on 11th February.
- Gold ended the week trading at Rs.2,970 per gram on 12th February, recording an increase of Rs.15 per gram.
February ’17- Week 3 (13th to 19th)
- Prices in the third week of February fluctuated due to market forces, as the U.S. Dollar rate was unstable.
- Gold traded at Rs.2,960 per gram on 13th February, with the price falling to Rs.2,955 per gram on 14th February.
- Prices rose again as industrial demand stabilised, trading at Rs.2,970 per gram on 16th February.
- Gold rose to Rs.2,980 per gram on 17th February as markets fell, which increased demand for bullion.
- Gold prices were steady for the rest of the week, trading at Rs.2,980 per gram on 19th February and recording a weekly increase in price of Rs.20 per gram.
February ’17- Weeks 4 & 5 (20th to 28th)
- Prices in the last two weeks of February saw prices rise due to increased demand, with gold trading at Rs.2,970 per gram on 20th February.
- Prices remained constant for the next few days before rising to Rs.2,975 per gram on 23rd February.
- Prices rose to Rs.2,995 per gram on 24th February as markets dropped due to renewed fears of a travel ban in the United States affected stock prices.
- Gold prices were stable for the next few days, as local demand also rose on positive trends from both the domestic as well as the overseas markets.
- Prices continued to rise as the month ended, with gold reaching its monthly high of Rs.2,005 per gram on 27th February.
- Prices remained unchanged at the close of the month, trading at Rs.3,005 per gram on 28th February and recording an overall increase of 2.03%.
|January 1st Rate||Rs.2,820 per gram|
|January 31st Rate||Rs.2,930 per gram|
|Highest Rate in January||Rs.2,970 per gram on 23rd & 24th January|
|Lowest Rate in January||Rs.2,820 per gram on 1st & 2nd January|
January 2017 - Week 1 (1st - 7th):
- The year 2017 began with a bang for gold prices as they seemed to show positive growth for much of the month.
- First week of January began with gold trading at Rs.2,820 per gram, a rate that continued till the end of 2nd.
- On 3rd, prices increased by Rs.5 to hit Rs.2,825 per gram and then increased to reach Rs.2,840 per gram on 4th.
- Prices increased to Rs.2,860 per gram on 5th and continued at the same price on 6th as well.
- Gold rates again increased at the end of the week to finish at Rs.2,870 per gram.
January 2017 - Week 2 (8th - 14th):
- When week 2 began on 8th, gold prices were still holding at Rs.2,870 per gram and increased to Rs.2,890 on 10th as global demand increased.
- Prices went up further on 11th to end the day’s trading price at Rs.2,910 per gram.
- Rates for the yellow metal remained the same for the last three days of week 2 at Rs.2,920 per gram as no surge in demand was witnessed.
January 2017 - Week 3 (15th -21st):
- The third week of January continued on the positive trend set about by the previous two weeks.
- On 15th, gold was trading at Rs.2,920 per gram which later increased by Rs.25 per gram to hit Rs.2,945 per gram on 16th.
- The 17th and 18th saw gold rates increase by Rs.10 per gram as demand for the metal seemed to increase gradually.
- On 19th, gold rates went down by Rs.15 to hit Rs.2,950 per gram as demands went down suddenly owing to a strengthening dollar.
- By the time week 3 ended, gold prices had gained back to end the business day of 21st on Rs.2,960 per gram.
January 2017 - Week 4 and 5 (22nd - 31st):
- The 4th week of January was the worst period for gold as prices took a significant hit.
- On 22nd, when the week began, gold was trading at Rs.2,960 per gram and later increased to Rs.2,970 per gram.
- However, on 25th, prices took a hit to go down to Rs.2,950 per gram, and then went down again to Rs.2,915 per gram on 27th.
- The last 4 days of week 4 and 5 saw prices increase gradually to end the month at Rs.2,930 per gram.
- Overall, gold prices in Mangalore saw prices increase by 3.90%
|December 1st Rate||Rs.2,905 per gram|
|December 31st Rate||Rs.2,820 per gram|
|Highest Rate in December||Rs.2,905 per gram on 1st December|
|Lowest Rate in December||Rs.2,765 per gram on 15th, 22nd and 23rd December|
December 2016 - Week 1 (1st - 4th):
- In Mangalore, the month of December was a relatively better period for gold prices as the rate of decline was comparatively lower than November.
- Week 1 began on the 1st with gold trading at Rs.2,905 per gram, the highest gold rate for the entire month.
- On 2nd, however, prices slumped by Rs.15 which led to gold selling at Rs.2,890 per gram.
- Prices increased on the 3rd to Rs.2,900 per gram and continued to remain the same on the 4th as well.
December 2016 - Week 2 (5th - 11th):
- When week 2 began prices had decreased a little as against week 1 which pushed gold rates to Rs.2,895 per gram.
- Around this week, news relating to Federal Reserve gold rate cut gripped the market, so prices seemed to fluctuate quite a bit.
- On 6th, gold prices decreased by Rs.10 to hit Rs.2,975 per gram before going down by Rs.25 on the 7th to slump down to Rs.2950 per gram.
- The 8th gave hopes of a revival as gold traded at Rs.2,860 per gram.
- However, it seemed like a false hope as prices fell by Rs.20 bringing the effective gold rate to Rs.2,840 per gram on the 9th
- The 10th saw prices go down a little more as gold traded at Rs.2,825 per gram and maintain the same till the end of business day on the 11th.
December 2016 - Week 3 (12th -18th):
- Gold traded at Rs.2,825 per gram when business commenced on the 12th and prices didn’t change for the next two days till the 14th.
- The 15th, however, saw prices increase significantly by Rs.60 as gold began to trade at Rs.2,885 per gram.
- Prices went down to Rs.2,765 per gram on the 16th but recovered for gold to trade at Rs.2,775 per gram over the last two days of the week.
December 2016 - Week 4 (19th - 25th):
- The imminent arrival of Christmas didn’t do much to change the price of gold as demand hadn’t increased much.
- On 19th, gold traded at Rs.2,780 per gram but went down to Rs.2,775 per gram on the 20th.
- This week saw gold prices reach their lowest rate for the month of December, when the yellow metal traded at Rs.2,765 per gram on 22nd and the 23rd.
- At the end of week 4, gold prices were up slightly as the metal was selling at Rs.2,770 per gram.
December 2016 - Week 5 (26th -31st):
- Barring a minor blip on the last day of the week, gold prices increased gradually during week 5 of December.
- As new year approached and with plenty of offers made available, gold buying seemed to increase during this week.
- When the week began on 26th, gold was trading at Rs.2,775 per gram which increased to Rs.2,780 per gram on the 27th and 28th.
- On 29th, prices increased to Rs.2,815 per gram and then to Rs.2,827 per gram on the 30th.
- The last day of the year witnessed prices slumping to Rs.2,820 per gram as purchases reduced.
- Overall, Mangalore saw gold prices decline by -2.92% when compared to the previous month.
|Highest Price||Rs.3,180 on 9th November|
|Lowest Price||Rs.2,905 on 24th November|
November 2016 - Week 1 (1st - 6th)
- Gold prices opened at Rs.3,060 per gram at the beginning of November 1st and the rate continued to fluctuate for much of the week.
- On 2nd November, gold prices increased by Rs.35 to trade at Rs.3,095 per gram.
- As demonetization was announced, people started buying more gold and hence prices increased again on the 3rd as rates increased further by Rs.20 to reach Rs.3,115 per gram.
- 4th November, however, saw a small dip as confusion ensued regarding the discontinuation of Rs.500 and Rs.1,000 notes, where in prices ended at Rs.3,110.
- On 5th November, prices again increased by Rs.10 to hit Rs.3,120 per gram and continued to maintain this rate till the closing hours of the week on 6th November.
November 2016 - Week 2 (7th-13th)
- When trading began on 7th November, prices had witnessed a Rs.30 fall and prices came down to Rs.3,090 per gram.
- On the 8th, gold prices slid further to hit Rs.3,080 per gram.
- After the announcement that Rs.500 and Rs.1,000 will be cancelled, demand for gold picked up massively and prices surged by Rs.100 to hit Rs.3,180 per gram on 9th November.
- The 10th and 11th of the month saw gold trading prices come to Rs.3,110 per gram as the initial surge of buyers seemed to calm down.
- On 12th, however, prices fell significantly by Rs.70, as gold begun trading at Rs.3,040 per gram. The same continued till the end of the week on 13th November.
November 2016 - Week 3 (14th-20th)
- The third week of November saw gold prices fall further as the metal began trading at Rs.3,025 at the beginning of the week on 14th, which trickled down to the next day on the 15th.
- November 16th and 17th saw prices decrease slightly more as they remained at Rs.3,010 for much of these two days.
- The 18th, however, saw a massive drop of Rs.50 to bring down the price furthermore to Rs.2,960 per gram.
- Towards the end of the week, prices begun to stabilize as the demand slowed down as prices hit Rs.2,965 at the end of the week.
November 2016 - Week 4 and 5 (21st to 30th)
- The final two weeks of the month were again a tumultuous period for gold as prices fluctuated quite a lot.
- Prices surged initially, for the first three days, then decreased significantly before stabilizing towards the last few days.
- Gold started trading at Rs.2,970 per gram at the beginning of the week on 21st and increased to Rs.2,980 per gram on the subsequent day.
- On 23rd, gold prices again increased by Rs.5 to end the day at Rs.2,985 per gram.
- The 24th, however, saw prices drop by Rs.54 as they went down to Rs.2,931.
- On 25th November, prices further dropped to Rs.2,905 per gram, the lowest price for the entire month.
- The next four days from 26th to 30th, however saw minor increase and decrease of Rs.5 or so to end the month on a stable price of Rs.2,930 per gram.
- Overall, the gold price trend for the month of November saw a decline of -4.24%.
|1st Day||Rs.3,160 per gram|
|Last Day||Rs.3,060 per gram|
|Highest Price||Rs.3,160 per gram from 1st-3rd October|
|Lowest Price||Rs.3,016 per gram on 17th October|
October ‘16 – Week 1 and 2 (1st-9th)
- Gold traded at Rs.3,160 per gram on 1st October, with the price staying constant till the middle of the week.
- A decline in demand due to strengthening markets led to prices falling, with gold trading at Rs.3,050 per gram on 5th October.
- The possibility of a U.S. Fed rate hike bolstered the markets, resulting in god prices falling in spite of rising domestic demand.
- Gold traded at Rs.3,020 per gram on 9th October, a decline of Rs.140 per gram in the price from the start of the week.
October ’16- Week 3 (10th-16th)
- The second week saw prices improve marginally, with gold trading at Rs.3,030 per gram on 10th October.
- Prices remained stable due to sustained demand from the domestic market.
- International markets also showed an increase in gold trading.
- Gold traded at Rs.3,020 per gram on 16th October, a decrease of Rs.10 per gram from the price at the start of the week.
October ’16- Week 4 (17th-23rd)
- Gold was priced at Rs.3,016 per gram on 17th October, the lowest price for the month on a drop in trading in the domestic market.
- Prices recovered as the week progressed, with gold reaching Rs.3,045 per gram on 20th October.
- Slight fluctuations in the price were observe during the week as demand from jewellers due to the festive season reduced.
- The price of gold was Rs.3,035 per gram on 23rd October, a fall of Rs.10 per gram.
October ’16- Week 5 (24th-31st)
- The last week saw the price of gold rise due to increased demand from the domestic market.
- Gold traded at Rs.3,045 per gram on 24th October, with demand also rising overseas due to market fluctuations.
- The price rose to Rs.3,070 per gram on 30th October as industrial demand also picked up.
- The price as recorded on 31st October was Rs.3,060 per gram, an increase of Rs.15 per gram from the price at the start of the week.
|1st Day||Rs.3,125 per gram|
|Last Day||Rs.3,160 per gram|
|Highest Price||Rs.3,285 on 7th September|
|Lowest Price||Rs.3,115 on 2nd September|
September '16 – Week 1 (1st to 4th)
- Gold traded at Rs.3,125 per gram on first of the month.
- The Federal Reserve decided to put the rate hike on hold due to weak U.S. economic data. This move led buyers to regain their lost interest in gold as investment.
- Gold rates attained some stability this week due to the festive season being around the corner.
- Gold traded this month’s lowest on 2nd September at Rs. 3,115 per gram.
- The rates reached Rs.3,140 per gram on 3rd September and maintained it through next week.
- The week’s goldrates were on an upward incline.
September '16 – Week 2 (5th to 11th)
- Gold closed at Rs.3,140 per gram on 5th of September.
- The rate went up on 7th September, reaching its highest in the month, at Rs.3,185 per gram.
- The peak lasted only a day after which gold fell to Rs.3,180 per gram on 8th September.
- Week 2 ended at Rs.3,180 per gram on 11th September.
September '16 – Week 3 (12th to 18th)
- On 12th September, gold traded at Rs.3,180 per gram, maintaining the same as its previous week.
- Gold rates remained the same until the middle of the week, after which it dropped to Rs.3,155 per gram on 16th September.
- Gold prices fell again owing to lost gold appeal in the domestic and global market.
- Demand for domestic gold from retailers, stockists, jewellers, and consumers remained weak.
September '16 – Week 4 (19th to 25th)
- Week 4 of September opened at Rs.3,155 per gram on 19th September.
- As the U.S. Federal Reserve set aside plans for a rate hike owing to presidential elections coming near, gold rates showed some improvement by the end of the week.
- The overseas gold market displayed an optimistic trend and bullish tendencies were observed.
- The week maintained the same rate throughout, reaching a high towards the end.
- With the festival season around the corner, the domestic gold market experienced a stable demand.
- Gold closed at Rs.3,190 per gram by the end of the week.
September '16 - Week 5 (26th to 30th)
- Gold traded at Rs.3,190 per gram on 26th September .
- As sentiments in the overseas gold market turned weak, gold rates fell drastically by the week’s end.
- Dollar gained strength as a result of the U.S. presidential elections.
- The rates remained the same through most of the week, falling by a huge margin on 30th September at Rs.3,160 per gram.
- Although week 5 of this month saw a drastic fall in gold rates, the month experienced an overall incline of 1.12%.
|First Day||Rs.3,190 per gram|
|Last Day||Rs.3,140 per gram|
|Highest Price||Rs.3,205 per gram on 18th August|
|Lowest Price||Rs.3,160 per gram on 9th August|
August '16 - Weeks 1 (1st to 7th)
- Gold traded at Rs.3,190 per gram at the beginning of the week and started climbing.
- Prices were on an inclined path as the dollar grew weak.
- The surge in gold rates can be attributed to the economic data released by the U.S. which showed a much slower growth rate than expected.
- Prices stabilized by the end of the week with gold trading at Rs.3,196 per gram.
August '16 - Week 2 (8th to 14th)
- Gold prices were at Rs.3,165 per gram on 8th August.
- There was a slight dip in prices but gold recovered well on account of increased demand in the domestic market.
- With trends in the global market playing favor of the yellow metal, gold prices climbed and settled at Rs.3,175 per gram at the end of the week.
August '16 - Week 3 (15th to 21st)
- In the global market, prices started dropping as the U.S. economy grew stronger.
- But despite a strong dollar, prices in Mangalore continued to climb.
- Domestic demand from jewellers and coin makers poured in as they prepare to meet the festival demand.
- On 18th August, gold traded at Rs.3,205 per gram, the highest rate for the month of August.
August '16 - Week 4 (22nd to 28th)
- The pressure of global trends started to take its toll at the start of the week and gold dipped to Rs. 3,180 per gram on 22nd August.
- Gold continued to decline as the dollar gained strength.
- Prices are expected to fall further as the anticipation of an interest rate hike by the U.S. Federal Reserve grew stronger.
August '16 - Week 5 (29th to 31st)
- Gold prices started declining on account of the expectations of a U.S. Federal Reserve hike.
- Gold hit the lowest rate for the month on 31st August when it traded at Rs.3,140 per gram.
- The trend for the month was an inclination at the beginning, but rates declined leading to a drop of 1.57% in prices.
|1st July rate||Rs.3,130|
|31st July rate||Rs.3,170|
|Highest rate in July||Rs.3,205 on 7th|
|Lowest rate in July||Rs.3,120 on 21st|
|% Change||+ 1.28%|
July'16 - Week 1 (1st to 3rd)
- The month of July opened strong for gold with rates at Rs.3,130 per gram.
- Gold prices climbed to Rs.3,150 per gram on 2nd July and remained unchanged on 3rd as well.
- The Brexit vote affected the global markets leaving gold in an uncertain position.
July'16 - Week 2 (4th to 10th)
- The gold rate was Rs.3,180 per gram on 4th July.
- Gold saw higher prices in Week 2 of July as investors flocked to gold for its safe haven appeal.
- Expectations of the central banks providing monetary stimulus grew and prices rose to its highest on July 7th with gold trading at Rs.3,205 gram.
- As the U.S. economic data indicated strong growth, gold slipped again and traded at Rs.3,170 by the end week.
July'16 - Week 3 (11th to 17th)
- Gold traded at Rs.3,170 per gram on 11th July.
- There were fluctuations through the week as rates fell and rose owing to the uncertainty in the global market.
- Rates recovered towards the end when gold prices rose to Rs.3,170 on 16th July.
July '16 - Week 4 (18th to 24th)
- Gold traded at Rs.3,165 on 18th July.
- Gold rates dropped as the dollar recovered some of its previous losses.
- Domestic demand helped gold regain its strength and the week ended at Rs.3,150 per gram.
July ‘16 - Week 5 (25th to 31st)
- Gold traded at Rs.3,150 on 25th July.
- There were fluctuations in the rates throughout the week with the lowest of the week recorded on 27th July when gold traded at Rs.3,140 per gram.
- Prices declined as the U.S. released strong economic data which gave the dollar a boost.
- Gold prices were stagnant towards the end of the week. The week ended at its highest at Rs.3,170 per gram.
|1st June rate||Rs.2,915|
|30th June rate||Rs.3,130|
|Highest rate in June||Rs.3,200 per gram on 24th June|
|Lowest rate in June||Rs.2,915 per gram on 1st June|
Jun'16 - Week 1 (1st to 4th)
- Gold opened at Rs.2,915 per gram which was also the lowest price for the month of June.
- There was a minor increase in price on the 2nd wherein gold was priced at Rs.2,920 and this rate was maintained until the 3rd.
- Prices increased even further on the 4th to touch Rs.2,960 which was the highest rate for the month.
- Although the changes were minor, an increase was seen in the price of gold as the week progressed.
Jun'16 - Week 2 (5th to 11th)
- The rate of gold was quite steady during the first half of the second week with very minor fluctuations.
- The rate of gold hovered between Rs.2,960 to Rs.2,965 until the 7th.
- There was a minor increase noted in the price of gold on the 8th wherein the price of gold was Rs.2,957 per gram.
- The rate of gold was Rs.2,995 on the 9th after which gold rates touched Rs.3,000 mark.
- On the last day of the week, gold was priced at Rs.3,035 per gram.
Jun'16 - Week 3 (12th to 18th)
- Continuing from the last week, the rate of gold was Rs.3,035 per gram on the first day of the week and this was maintained until the 13th.
- There was a slight increase in the price of gold on the 14th wherein the price of gold was Rs.3,050 per gram.
- The following days saw even more of an increase in prices with the price of gold touching Rs.3,100 on the 16th and increased even further from there.
- Gold closed at Rs.3,085 per gram on the 18th which was a minor decrease as compared to the previous two days.
Jun'16 - Week 4 (19th to 25th)
- Gold opened at Rs.3,085 per gram on the 19th, which was the same as the last day of the previous week.
- Rate slightly increased on the 20th and steadied at Rs.3,085 per gram on the 21st and 22nd of the month.
- The price of gold decreased slightly on the 23rd before reaching the highest price for the month which was Rs.3,200 per gram on the 24th of June.
- Gold closed at Rs.3,150 per gram on the 25th which was a slight decrease from the previous day.
Jun'16 - Week 5 (26th to 30th)
- The price of gold in the final week of the month was still relatively high as compared to the other weeks.
- Gold opened at Rs.3,150 per gram and increased by Rs.25 the next day.
- On the final day of the month, gold was priced at Rs.3,130 per gram.
|1st May rate||Rs.3,070|
|31st May rate||Rs.2,895|
|Highest rate in May||Rs.3,080 on the 7th and 8th of May|
|Lowest rate in May||Rs.2,895 on the 30th and 31st of May|
|Overall performance||Loss / Negative|
May'16 - Week 1 (1st to 7th)
- Gold rates remained constant at Rs.3,070 for the first three days of the week after which they decline by Rs.18 on the fourth day of trading.
- Prices increased by Rs.3 to Rs.3,055 on the 5th and then declined by Rs.10 to Rs.3,045 on the 6th of the month.
- The last day of the week saw gold rates rise by Rs.35 to Rs.3,080.
- In comparison with the first day of the week, prices increased by Rs.10 during the first seven days of May 2016.
May ‘16 - Week 2 (8th to 14th)
- Gold rates remained unchanged on the first day of the second week and prices were recorded at Rs.3,080 on the 8th of May.
- A decline by Rs.20 on the second day of the week saw prices fall to Rs.3,060 and they remained unchanged for another day.
- Prices fell by Rs.25 on the fourth day of the week and stood at Rs.3,035 after which a further decline of Rs.10 saw prices touch Rs.3,025 on the 12th of May.
- Subsequent increases of Rs.10 each on the following two days saw gold close the week at Rs.3,045 per gram.
- The overall decline in rates from the start of the week to the end of the week was Rs.35.
May ‘16 - Week 3 (15th to 21st)
- An increase of Rs.8 was recorded on the first day of the third week of May and prices remained stable at Rs.3,053 on the 15th and 16th of May.
- Prices then fell by Rs.15 to Rs.3,038 on the 17th after which an increase of Rs.7 on the 18th saw prices rise to Rs.3,045.
- Rates fell by Rs.25 on the 19th and settled at Rs.3,020, followed by a decline of Rs.5 which saw prices remain stable at Rs.3,015 for the last two days of the week.
- Gold prices declined further at the end of the week in comparison with the first day of the week, albeit by just Rs.30.
May ‘16 - Week 4 (22nd to 31st)
- Gold prices were recorded at Rs.3,015 on the 22nd of May and consistent declines over the next few days saw prices drop to Rs.2,925 on the 27th.
- Prices remained stable at Rs.2,925 between the 27th and 29th of the month, after which a further decline of Rs.30 saw prices reach their lowest level during the month and settle at Rs.2,895 on the last two days of May.
- The overall decline in prices between the first and last day of the month was Rs.175.
|1st April rate||Rs 2,905|
|30th April rate||Rs 3,070|
|Highest rate in April||Rs 3,070 on 30th|
|Lowest rate in April||Rs 2,880 on 4th|
|% Change||+ 5.68%|
Apr ‘16 - Week 1 (1st to 3rd)
- International market trends resulted in a drop in gold demand, impacting rates marginally.
- Gold traded at Rs 2,905 on 1st and 2nd, before dropping below Rs 2,900.
- Rates fell to Rs 2,885 on 3rd, ending the week on a low.
Apr ‘16 - Week 2 (4th to 10th)
- An overall increase in gold rates was witnessed during the week.
- Gold traded at Rs 2,880 on 4th, down Rs 5 compared to the previous day.
- Prices picked up over the next few days, reaching Rs 2,920 on 6th, before dropping to Rs 2,910 on 7th.
- The next three days saw a strong performance by gold, with gold trading at Rs 2,940 to end the week.
Apr ‘16 - Week 3 (11th to 17th)
- Gold rates witnessed a number of changes, as global markets resulted in daily fluctuations.
- Gold traded at Rs 2,945 on 11th and Rs 2,955 on 12th, dropping to Rs 2,925 on 14th.
- Prices stayed at Rs 2,925 till 16th, before jumping to Rs 2,950 to close the week on a marginal gain.
Apr ‘16 - Week 4 (18th to 24th)
- This was a mixed week for gold, as prices fluctuated as per market trends.
- Gold traded at Rs 2,955 on 18th, dropping to Rs 2,945 on 19th.
- Poor market performance resulted in a strong performance by gold, as prices went up to Rs 2,980 on 22nd.
- Rates fell over the next two days, closing the week at Rs 2,975.
Apr ‘16 - Week 5 (25th to 30th)
- The week began on a slow note, as rates fell to Rs 2,960.
- This drop was mitigated by a strong performance through the rest of the week, as prices increased steadily.
- Gold rates crossed the Rs 3,000 mark on 29th, ending the month on a high of Rs 3,070.
|1st March rate||Rs 2,975|
|31st March rate||Rs 2,900|
|Highest rate in March||Rs 2,975 on 1st, 3rd, 4th, 5th and 6th|
|Lowest rate in March||Rs 2,870 on 28th|
Mar'16 - Week 1 (1st to 6th)
- Gold rates in Mangalore were Rs 2,975 at the start of the month.
- Jewellers across the city joined protests against the decision to increase excise duty on gold.
- Protests led to gold trade being impacted, with rates staying steady at Rs 2,975, apart from a drop to Rs 2,973 on 2nd.
- There were no further rate ranges in the week.
Mar'16 - Week 2 (7th to 13th)
- Gold price fell from Rs 2,975 to Rs 2,968 on 7th.
- As protests continued, rates remained static till 10th.
- Gold prices moved up to Rs 2,973 before falling to Rs 2,926 on 13th.
Mar'16 - Week 3 (14th to 20th)
- A few jewellers opened their stores, getting back to business.
- Gold rates saw an overall decline in the week.
- Prices fell from Rs 2,926 on 13th to Rs 2,894 on 16th before clawing back to Rs 2,908 on the 20th.
Mar'16 - Week 4 (21st to 27th)
- The protests came to an end as jewellers across the city returned to business.
- Trading was active during the week, with the price changing daily.
- Prices jumped to Rs 2,935 on 21st, before gradually declining during the week.
- Gold rates ranged between Rs 2,920 and Rs 2,910 between 23rd and 27th.
Mar'16 - Week 5 (28th to 31st)
- Markets were open for trade and prices changed daily during this week.
- Rates dropped by Rs 40 to Rs 2,870 on 28th.
- An overall increase in rates was witnessed over the week.
- Prices increased to Rs 2,882 and ended at Rs 2,900 on 31st.
|1st February rate||Rs.2,718|
|29th February rate||Rs.2,960|
|Highest rate in February||Rs.2,975 on 12th and 26th|
|Lowest rate in February||Rs.2,718 on 1st|
Feb '16 - Week 1 (1st to 7th)
- Gold rates rose during the 1st week of February.
- Prices were Rs.2,710 on 1st and Rs.2,815 on 7th.
- Gold was up every day of the week, rising on the back of increased domestic demand and strong global cues.
Feb '16 - Week 2 (8th to 14th)
- Gold rates rose again in the 2nd week.
- Rates were Rs.2,805 on 8th and Rs.2,965 on 14th.
- Gold appreciated to Rs.2,975 by 12th before dropping slightly and settling at Rs.2,965 by 14th.
Feb '16 - Week 3 (15th to 21st)
- Gold continued appreciating in the 3rd week also.
- Rates were Rs.2,920 on 15th and Rs.2,960 on 21st.
- Gold dropped to Rs.2,875 on 16th before rising for the rest of the week to touch Rs.2,960 by 21st.
Feb '16 - Week 4 (22nd to 29th)
- Gold prices appreciated in the last days of February.
- Prices were Rs.2,925 on 22nd and Rs.2,960 on 29th.
- Gold touched a high of Rs.2,975 on 26th before sliding marginally and settling at Rs.2,960 by 29th.
|4 th January rate||Rs.2,545|
|31 st January rate||Rs.2,710|
|Highest rate in January||Rs.2,725 on 29th|
|Lowest rate in January||Rs.2,545 on 4th|
- Gold rates appreciated during the 1st week of January.
- Prices were Rs.2,545 on 4th and Rs.2,633 on 10th.
- Gold prices appreciated continuously through the week as global cues and domestic demand were strong.
- Gold rates declined in the 2nd week.
- Rates were Rs.2,638 on 11th and Rs.2,605 on 17th.
- Gold appreciated to Rs.2,642 on 12th before dropping to Rs.2,605 by 14th.
- Prices were constant at Rs.2,605 for the remaining days of the week.
- Gold gained value during trading in the 3rd week.
- Rates were Rs.2,657 on 18th and Rs.2,660 on 24th.
- Gold rose to Rs.2,670 by 22nd before settling at a slightly lower Rs.2,660 by 24th.
- Gold gained Rs.40 on the whole in the 4th week.
- Prices were Rs.2,670 on 25th and Rs.2,710 on 31st.
- Gold rose on consecutive days till 29th to touch Rs.2,725 before sliding to Rs.2,710 by 31st.
|1st December rate||Rs.2,575|
|31st December rate||Rs.2,564|
|Highest rate in December||Rs.2,603 on 14th|
|Lowest rate in December||Rs.2,530 on 3rd|
- Gold rates appreciated in the 1st week of December.
- Prices were Rs.2,575 on 1st and Rs.2,597 on 7th.
- Rates fell on 2nd and 3rd to Rs.2,530 before gaining steam over the next three days to rest at Rs.2,600 by 6th.
- Gold declined marginally on 7th to settle at Rs.2,597.
- Gold rates appreciated marginally in the 2nd week.
- Rates were Rs.2,595 on 8th and Rs.2,603 on 14th.
- Gold dropped to Rs.2,574 on 9th and fluctuated till Rs.2,603 till the end of the week.
- Gold rates were lower during the 3rd week.
- Rates were Rs.2,580 on 15th and Rs.2,561 on 21st.
- Gold went on a downward spiral throughout the week, bottoming out on 19th and 20th at Rs.2,545.
- Prices were higher by Rs.16 on 21st to end the week at Rs.2,561.
- Gold was stable on the whole in the last few days of December.
- It was priced at Rs.2,569 on 22nd and Rs.2,564 on 31st.
- Prices stayed between Rs.2,560 and Rs.2,569 throughout the week.
|1st November rate||Rs.2,681|
|Highest rate in November||Rs.2,724 on 2nd|
|Lowest rate in November||Rs.2,566 on 19th and 30th|
- Gold rates declined substantially in the first week of November.
- Prices were Rs.2,581 on 1st and Rs.2,600 on 7th.
- There was appreciation in rates when gold touched Rs.2,724 on 2nd and stayed at Rs.2,722 on 3rd.
- Prices started dropping from 4th onwards, eventually settling at Rs.2,600 for the week on 7th.
- Gold rates declined again in the 2nd week.
- Rates were Rs.2,600 on 8th and Rs.2,580 on 14th.
- Gold stayed comfortably above Rs.2,600 throughout the week, except for Rs.2,580 on the last day.
- Gold also appreciated to Rs.2,660 on 12th, breaching the 2,650 mark.
- Gold rates were stable on the whole during the 3rd week.
- Rates were Rs.2,580 on 15th and Rs.2,575 on 21st.
- Gold rallied to Rs.2,646 on 16th before reducing back to Rs.2,581 on 18th.
- Prices stabilized at around Rs.2,575 for the rest of the week.
- Gold lost value in the last few days of November.
- It was priced at Rs.2,575 on 22nd and Rs.2,566 on 30th.
- Gold remained stable for the whole of 4th week and also on 29th in the range of Rs.2,575 to Rs.2,585.
- There was a drop of Rs.19 on the last day of the month when prices dropped to Rs.2,566.
Details of Gold Price in Mangalore (22 Karat & 24 Karat) - Till July 2015
22 karat gold (millesimal fineness 916): Gold prices in Mangalore have been on the decline since January. One gram of 22-karat gold in Mangalore is currently priced at Rs. 2,307, compared to Rs. 2,606 in January this year, a decrease of -11.4% over a period of six months. While the price of one gram of the yellow metal stood at Rs. 2,602 in February, the prices fell to Rs. 2,471 in March, a decrease of -5.03% in a month. While the prices showed minor fluctuations throughout the month of April, the prices marginally rose to Rs. 2513 toward the end of April and Rs. 2566 in the middle of May. However, the price of gold fell by -2.2% to Rs. 2507 in the month of June. The prices further plummeted by -1.7% to Rs. 2463 in July this year.
24 karat gold (millesimal fineness 999): One gram of 24-karat gold is currently pegged at Rs. 2,512. The price of 24-carat gold is usually 8% more than that of 22-carat gold. One gram was pegged at Rs. 2,610 in July, a decrease of -3.7%. Prices of 24-karat gold have been on the downward slope since January this year (one gram of 24 karat gold was pegged at Rs. 2,837 in January). In February, the price of gold fell by -2.6% to Rs. 2,762 in February. The month of March witnessed a further decline in prices by -4.16% to Rs. Rs. 2,647 in March. The price of the yellow metal rose in the middle to April and May at Rs. 2,714 and Rs. 2,792 respectively. The price of gold fell by -2.5% to Rs. 2,722 in June followed by a further dip in the month of July by -4.11% to Rs. 2610.
- Also Check:Today's Gold Rate in Mangalore