Check the current price of gold in Mangalore
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Gold is a significant part of Indian customs and traditions, especially in cities like Mangalore. However, prior to purchasing this asset, it is important to know about the current gold rates in the city. Let us take a look at the gold prices in Mangalore and the things to consider when purchasing gold.
The current gold rates in Mangalore are as follows:
Weight |
24 Karat Gold Rate Today |
24 Karat Gold Rate Yesterday |
Price Difference |
1 g |
₹6,273 |
₹6,284 |
- ₹11 |
10 g |
₹62,730 |
₹62,840 |
- ₹110 |
100 g |
₹6,27,300 |
₹6,28,400 |
- ₹1,100 |
*Disclaimer: The aforementioned rates are subject to change as per market conditions.
Here are the changes in gold prices in Mangalore over the last 10 days:
Date |
Standard 22 Karat Gold |
Pure 24 Karat Gold |
||
1 g |
10 g |
1 g |
10 g |
|
Feb 22, 2024 |
₹5,750.00 |
₹57,500.00 |
₹6,273.00 |
₹62,730.00 |
Feb 21, 2024 |
₹5,760.00 |
₹57,600.00 |
₹6,284.00 |
₹62,840.00 |
Feb 20, 2024 |
₹5,735.00 |
₹57,350.00 |
₹6,256.00 |
₹62,560.00 |
Feb 19, 2024 |
₹5,745.00 |
₹57,450.00 |
₹6,267.00 |
₹62,670.00 |
Feb 18, 2024 |
₹5,720.00 |
₹57,200.00 |
₹6,240.00 |
₹62,400.00 |
Feb 17, 2024 |
₹5,720.00 |
₹57,200.00 |
₹6,240.00 |
₹62,400.00 |
Feb 16, 2024 |
₹5,710.00 |
₹57,100.00 |
₹6,229.00 |
₹62,290.00 |
Feb 15, 2024 |
₹5,690.00 |
₹56,900.00 |
₹6,207.00 |
₹62,070.00 |
Feb 14, 2024 |
₹5,700.00 |
₹57,000.00 |
₹6,218.00 |
₹62,180.00 |
Feb 13, 2024 |
₹5,760.00 |
₹57,600.00 |
₹6,284.00 |
₹62,840.00 |
*Disclaimer: The rates are subject to change as per market conditions.
When purchasing gold in Mangalore, consider the following points:
Check the current gold price in Mangalore
Check the gold’s purity, which is indicated by the Bureau of Indian Standards (BIS) hallmark
Take into account the making charges associated with the purchase
Ensure you receive a physical receipt and a certificate of authenticity from the seller
Confirm that the weight of the gold purchased is accurate
While purchasing physical gold is a great investment, there are other avenues that you can opt for. Explore options like gold ETFs, sovereign gold bonds (SGBs), gold mutual funds, and so on. It is important to consider your financial goals and obligations, prior to making any gold investments in Mangalore.
FAQs
Where can I buy gold in Mangalore?
You can buy gold coins and bars from banks or authentic jewellers. In case you want to purchase ornaments, approach retailers like Kalyan Jewellers, Bhima Jewellers, Tanishq, etc., that operate in Mangalore.
What factors contribute to changes in Mangalore's gold rates?
Here are some aspects that may affect the gold rates in Mangalore:
Interplay of gold’s demand and supply in the region
Economic challenges like recession and inflation
Change in import duty and tax
Increase or decrease in RBI’s gold reserves
Fluctuations in currency value
Transportation costs and making charges, if applicable
How can I check the purity of the gold I purchase in Mangalore?
To check the purity of gold purchased in Mangalore you can:
Certification - Ask for a certificate of authenticity, which acts as proof of the gold’s purity
- Conduct a magnet test - Gold is not ferrous and thus, does not get attracted to a magnet. However, this test is only effective with 24K gold which is 99.9% pure. This is because 22K, 18K, and 14K gold are metal alloys and have some portions of metals like nickel and copper mixed in them.
- Machine tests - Gold retail stores have advanced machines that can be used to test the purity of the gold purchased. It will also provide you with additional information about the weight of the gold being tested.
When do people from Mangalore invest in gold more?
People invest in gold more during auspicious occasions like Dhanteras and Akshay Tritya in Mangalore and across India. Indians also gravitate towards gold investments to mitigate the effects of economic challenges like inflation.
