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Gold price in Udupi
Gold rates around the world are determined after taking a number of factors into consideration, with market fluctuations, global demand, government taxes and purity of gold dictating the final price one pays. Gold rates in Udupi vary on a daily basis, with 24 karat gold costing significantly more than 22 or 18 karat gold.
Located on the western coast of India, Udupi is a town which is known across the world for its cuisine. This small town is slowly inching towards expansion and is believed to have one of the highest per capita income in the state. Given its coastal nature, it has played a key role in trade and commerce, which meant that goods passed through it, typically in exchange for gold payments in the past. Strategic location combined with conducive growth have enabled the people of Udupi to invest in a number of options, with gold being top on most lists. Gold prices in this coastal town are largely dependent on international gold rates, with market trends dictating daily rates.
The sale of gold in Udupi picks up during the wedding season and certain festivals, with Diwali, Paryaya and Krishna Janmashtami being some of the popular occasions wherein people purchase gold. An influx of tourists has also led to gold being sold to them during these festivals.
Trend of Gold Rate in Udupi 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 Gold Rate in Udupi 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.5,496 per gram |
| Highest Rate in July |
Rs.5,496 per gram on 31 July |
| Lowest Rate in July |
Rs.4,946 per gram on 7 July |
|
Overall Performance
|
Incline |
| Percentage Change |
10.2% |
Trend of Gold Rate in Udupi 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 Gold Rate in Udupi for May 2020 (rates per gram of 24 karat gold)
| Parameter |
Gold price (24 karat) |
|
May 1 Rate
|
Rs.4,681 per gram |
|
May 30 Rate
|
Rs.4,803 per gram |
| Highest Rate in May |
Rs.4,900 per gram on 20 May |
| Lowest Rate in May |
Rs.4,587 per gram on 6 May |
|
Overall Performance
|
Incline |
| Percentage Change |
2.60% |
Trend of Gold Rate in Udupi 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 |
16.7% |
Trend of Gold Rate in Udupi 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% |
Trend of Gold Rate in Udupi 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 February and 8 February |
| Overall Performance |
Incline |
| Percentage Change |
4.50% |
Trend of Gold Rate in Udupi 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% |
Find Today's Gold Rate in Top Metro Cities
Gold investment avenues in Udupi
Gold has always been a part of celebrations in Udupi, with sales peaking during festivals. Apart from the novelty factor, it is also considered a family heirloom, thereby imparting importance to it. Some of the popular modes to purchase gold in Udupi are mentioned below.
Over-the-counter – Jewellers are the preferred option for most residents of Udupi, with a number of gold options provided to them. While 24 karat gold can be purchased in the form of coins or bars, 22 karat or 18 karat gold can be purchased either in the form of jewellery, coins or bars. Jewellery stores provide gold products for different budgets, ensuring that one finds something to suit their financial requirements. One can choose to purchase gold coins from certain banks too, albeit such purchases are traditionally costlier.
Market trade - Still in its infancy stage in Udupi, market trade provides an option for people to own gold without physically going to a jeweller or bank. The National Stock Exchange and Mumbai Stock Exchange provide platforms for people to indulge in gold trade, with gold ETFs, E-gold and futures contracts being the popular modes of investing in gold.
