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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 Todays 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.

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