Gold Rate in Mangalore

Given below are few of the best places to buy gold in Mangalore.

• Kalyan Jewellers: Kalyan is one of the oldest jewelry brands in Mangalore established in the year 1908. The jewelry showroom in Mangalore houses top brands such as mudra, hera, ziah, etc. Overall, the brand has over 137 showrooms across the country.
• Joyalukkas: Established in the year 2002, Joyalukkas is known for offering authentic and exquisite gold and diamond jewelry. The brand also deals in selling gold coins and bars, uncut diamonds, silver jewelry and gemstones. Over the years, the brand has increased its presence in India and has over 85+ showrooms across the country. In Mangalore, Joyalukkas is located at Hampankatta.
• Tanishq: Tanishq is a trusted jewelry brand in Mangalore. The brand has a showroom at Balmatta road in the city. They are known for their exquisite jewelry collection both in diamond and gold. Their gold jewelry strikes a perfect balance between traditional charm and contemporary appeal. They have a well curated jewelry collection for every occasion.
• NBFCs: You can also invest in digital gold in Mangalore through non banking financial institutions like Tata Capital, Muthoot Finance, ICICI Bank loan, etc.

Planning to invest in Gold in Mangalore? Keep in mind the below things to ensure you make the right investment.

• Gold Purity: Gold in Mangalore is available in various purity levels i.e 14KT, 18KT, 22KT and 24KT. 24KT has the highest purity content due to which it is expensive in comparison to 22KT, 18KT and 14KT.
• Buy hallmark jewelry: When investing in gold jewelry, check if it carries a BIS hallmark or not. The BIS hallmark certifies that the gold is pure. In case the gold you are purchasing does not carry the seal then it is possible that the gold you are purchasing might not be pure and that of high quality.
• Ask for the invoice: When buying gold in Mangalore, it is important to ask for the invoice as it can easily help you when you want to exchange or sell it in the future. It will also help you get the right value for your investment. It is best to have it to maintain a record of your investment.
• Negotiate on the making charges: It is important to know that gold jewelry attracts a making charge i.e.labour cost which can have a great impact on your overall gold investment. Jewelers usually charge this on a per gram basis. Hence, it is best to check on the making charge and negotiate on the same as you may not be able to get a high value on investment if the making charge is too high.

Given below are few of the factors which have a great impact on the gold rate in the city of Mangalore.

• Dollar dynamics: When investing in gold in Mangalore, it is important to understand that gold is purchased from the US in dollars. Hence, when the US dollar strengthens against the Indian rupees, gold is likely to get more expensive and vice versa.
• Supply and demand of the metal: Gold rate in Mangalore increases when the supply of gold in the city does not suffice the demand.
• Inflation: Gold as an investment is seen as a hedge against inflation. Hence, when gold inflation witnesses an upward trend, the demand for gold rises and the prices increase too.
• Global events: Any major global event that influences the price of the metal has an impact on the gold rate in Mangalore. This is because India is one of the biggest gold importers and hence when import prices rise, the prices of gold in various cities of India too witness a rise.