Gold Rate in Mangalore

Array ( [0] => Array ( [date] => 2017-12-11 [city] => mangalore [22_c_1_gm] => 2737.00 [24_c_1_gm] => 2925.00 [last_updated] => ) [1] => Array ( [date] => 2017-12-10 [city] => mangalore [22_c_1_gm] => 2737.00 [24_c_1_gm] => 2925.00 [last_updated] => ) )

11th Dec 2017

29,250.00

Today MCX gold price in rupees per 10 grams.

Today gold price in Mangalore is 29250 rupees per 10 grams
(10 grams = 1 tola gold)

22 Carat Gold
Rs. 27370
24 Carat Gold
Rs. 29250

22 Carat & 24 Carat Gold Rate in Mangalore Per Gram (INR)

  22-Carat 24-Carat Change(%)
Yesterday 2737.00 2925.00 0 %
Today 2737.00 2925.00 0 %

Today 24 Carat Gold Price per gram in Mangalore (INR)

Gram 24 Carat Gold Yesterday24 Carat Gold Today Daily Price Change
1 Gram Rs 2925.00Rs 2925.00
8 Gram Rs 23400Rs 23400
10 Gram Rs 29250Rs 29250
100 Gram Rs 292500Rs 292500

Today 22 Carat Gold Price per gram in Mangalore (INR)

Gram 22 Carat Gold Yesterday22 Carat Gold Today Daily Price Change
1 Gram Rs 2737.00Rs 2737.00
8 Gram Rs 21896Rs 21896
10 Gram Rs 27370Rs 27370
100 Gram Rs 273700Rs 273700

Gold Rate In Mangalore

The residents of Mangalore just need an excuse to indulge in gold. They buy gold jewelry for propitious occasions, religious festivals, weddings, etc. During the time of Dhanteras and Akshaya Tritiya, you will find long queues outside every jewelry store. Gold is also a good investment.

Gold rates in Mangalore keep changing depending on national and global factors. Some of these factors include oil prices, demand and supply, imports, tariffs and strength of the dollar. The price of gold reached a 4-year low in India. According to business experts, gold prices in Mangalore are not likely to increase in the near future. 

Rural India is responsible for most of the gold demand in India. 60% of this demand is during the wedding season. Since more than 45% of India’s population is below 25 years of age, several weddings are predicted to take place which will make the gold demand soar.

22 & 24 Carat Gold Rate in Mangalore for Last 10 Days

Year
STANDARD GOLD 22K
1 GRAM 10 GRAM
PURE GOLD 24K
1 GRAM 10 GRAM
11 December 2017 Rs. 2737.00 Rs. 27370 Rs. 2925.00 Rs. 29250
10 December 2017 Rs. 2737.00 Rs. 27370 Rs. 2925.00 Rs. 29250
09 December 2017 Rs. 2727.00 Rs. 27270 Rs. 2915.00 Rs. 29150
08 December 2017 Rs. 2751.00 Rs. 27510 Rs. 2939.00 Rs. 29390
07 December 2017 Rs. 2769.00 Rs. 27690 Rs. 2957.00 Rs. 29570
06 December 2017 Rs. 2779.00 Rs. 27790 Rs. 2967.00 Rs. 29670
05 December 2017 Rs. 2778.00 Rs. 27780 Rs. 2966.00 Rs. 29660
04 December 2017 Rs. 2807.00 Rs. 28070 Rs. 2995.00 Rs. 29950
03 December 2017 Rs. 2807.00 Rs. 28070 Rs. 2995.00 Rs. 29950

Comparison of 22 K & 24 K Gold Rates in Mangalore

Historical Price of Gold Rate in Mangalore

Gold Rate in Mangalore

What is the importance of Gold in Mangalore?

The coastal city of Mangalore, Karnataka is known for two things- its appetite for delicious fish delicacies and its love for gold. Mangalore has many jewelry shops and showrooms including well-known national brands’ branches as well as several local jewelers, with the goldsmith profession being one of the oldest in this city.

Why do people in Mangalore invest in Gold?

This affinity towards the yellow metal is evidenced by the long queues outside the jewelry shops on auspicious occasions such as Dhanteras, Akshaya Tritiya and so on. Such crowds are also seen during festivals and wedding seasons.

The citizens of Mangalore consider Gold as the most prudent investment and saving option.  This is because Gold’s inherent value allows it to act as a hedge against inflation and depreciation which reduces the value of other assets.

What are the Factors Affecting Price of Gold in Mangalore?

The Gold Prices in Mangalore depend on a multitude of domestic and international factors. India imports gold and pays for it according to the price of gold in the international market, leading to major foreign exchange outflow. This outflow is also dependent upon the dollar-rupee currency exchange rates. The US Dollar and Gold prices in Mangalore, rest of India and in fact the rest of the world are psychologically related and re inversely proportional. This means that a stronger dollar leads to lower gold prices and vice versa. Domestic tariffs and duties further impact the calculation of Mangalore’s gold price.

Gold prices fell by a composite 28% ever since the bull run of gold ended in 2013. Mangalore’s gold prices touched a four-year low in India and a Five year low globally. IN 2017, the gold prices are likely to continue the descent.