Udupi popular for its cuisine is a region in Dakshina Kannada belt of Karnataka. Udupi, known for its cuisine and twin-city Manipal, known for education are major contributors to the social and economic fabric of the state.
The Today Gold rates in Udupi are sourced directly from jewellers. Gold rates for Udupi are presented in 1 gram, 8 grams (Sovereign), 10 grams (Tola) and 100 grams to help readers reap benefits on their investment. To help gold jewellers and prospective customers, Sify.com also features the last 7 days and last 30 days rates for Udupi and nearby towns. Gold rates mentioned on this page are exclusive of GST and making charges. Rates mentioned on this page are valid for Udupi, Manipal, Kundapura, Hebri, Karkala, and adjacent towns and villages.
Udupi & Art
Art is a major theme that you will find across Udupi. Be it the magnificient temples or the silk saris. Manipal Institute of Jewellery Management as well as the Indian Institute of Gems and Jewellery have traning centres for teaching jewellery designing in Manipal and Udupi respectively.
Demand for artistic jewellery is perennial thanks to festivals and special occasions. Makara Sankranti, Ughadi, Krishna Janmashtami, Eid, Navaratri, Diwali, Christmas, and New Year are festive occassions in Udupi that correspond to gold demand.
Gold demand in Udupi is also observed from tourists and pilgrims who usually pay a visit to the Sri Krishna Math, Indrani Parameshwara Temple, the Chandramouleeshwara and Anantheshwara Temples. During their course, a visit to the Mookambika temple and the ones at the Sringeri Peetham (one of the four temples established by Shankara) at Chikmagalur district are nearby.
Udupi's 24 and 22 Karat Gold rates
Leading jewellers of Udupi have a major say in deciding the 24 and 22 Karat gold rates. For the higher carat, the jewellers mostly factor the cost of gold in international markets and the prevailing USD-INR rates. Individual margins are also factored in to arrive at the final rate. For tallying the 22 Karat rates, the jewellers factor in several costs. These include expenses incurred on impurities (Platinum, Palladium, Silver, Nickel, Aluminium, Iron), transportation, security, and business margins. Making charges or karigar fees, dealer margins, and GST is also added before a customer is offered the quote.
Gold rate variance in Udupi:
Gold rates in Udupi may vary with some jewellers mentioning a morning and evening rate. The trend is observed across the country and even internationally. Many jewellers, including the leading ones, may continue with just one rate. Also, gold-buyers may find rates quoted by jewellers within the same neighborhood differing by a margin of a few rupees. Customers can decide on whether to buy depending on design and affordability. Many jewellers do negotiate when it comes to the prevailing per gram gold rate. Doing so can result in significant savings.
Trustworthy and popular jewellers in Udupi?
Udupi was the starting point for the founder of Abharan Jewellers. It is reported that Burde Sadanand Kamath started selling pure gold jewellery sometime in 1935 and had to stop soon owing to the Gold Control Act of 1962 (restrictions on sale of higher carat gold jewellery). Kamath Junior took over the business in 1979 after restrictions were withdrawn. As on date, Abharan Jewellers has 15 branches spread across Dakshina Kannada, Shivamogga, and one in Goa.
In Udupi, most jewellers are located across the busy bus-depot on the Udupi-Karkala Road. You may also find a handful on the Anjuman street. Popular names in Udupi include Tanishq, Mangala jewellers, Malabar Gold and Diamonds, Kalyan Jewellers, Bhima Jewellers, Abharan Jewellers, Jos Alukkas, and Mangalore Jewellers. On the Kundapura Main road, you will also find branches of Abharan Jewellers and Udaya Jewellers. 30 kilometers east is Karkala which has a few jewellers offering more jewellery designs. In Karkala, jewellers are mostly based on the Karkala-Hiriyadka road.
Almost all jewellers are reasonable, however, we always remind our readers to negotiate using the Today gold rate service to get the best benefit. Do follow our standard best practice guidelines to ensure you have a happy shopping experience.
Why subscribe to authentic rates:
Investment in Gold or bullion can always safeguard your hard-earned money from inflation. It is advised that each individual keen of building a financial portfolio should allocate 10 to 15 percent of his or her savings in gold and gold-backed assets. However, in these days of market-competition and digitization, getting accurate rates has turned out as a cumbersome task. Even a 10 rupee change in gold rates can result in a huge saving in your financial portfolio.
The gold rates in Udupi is a way to enable customers access the latest and authentic gold rates. Having the latest and authentic rates can help buyers plan and even negotiate when it comes to buying and selling of gold and jewellery. Knowing the latest rate also helps while seeking a gold loan. As a reader engagement, Sify talks to several industry veterans and market experts to offer readers latest insights on where gold rates could head to. We request readers to bookmark this page or download Sify Gold rates app to keep a track of the latest and most accurate gold trends across India.
Disclaimer: Sify.com showcases news, analysis and gold rates with the sole objective of financial prosperity for all. The rates mentioned may vary within the same city and readers are hence advised to consult with a registered financial advisor. For any complaints, feedback, opinions or to share experiences write to firstname.lastname@example.org with the subject – Gold / Bullion.