Gold Price/Rate in Udaipur

Gold is mainly purchased in 24-karat (99.9% purity) for gold bars and coins, and in 22-karat (91.6% purity) for gold jewellery. The 22-karat gold is mixed with metals such as copper, silver and nickel to make it more suitable for jewellery-making. Ornaments are also made of 20-karat, 18-karat and 14-karat versions of gold. These, however, are not very popular as their resale value is lower.

Trend of Gold Rate in Udaipur for May 2025 (rates per gram for 24 karat gold) 

Trend of Monthly Gold Rate in Udaipur for May 2025 

1. In Udaipur, the price of 24 karat gold started at Rs.9,328 per gram on 1 May 2025, marking the initial benchmark for the month’s gold pricing. 

1. By 31 May 2025, the price had climbed to Rs.9,475 per gram, registering a net increase of Rs.147 per gram. This reflects a 1.57% rise in value over the month, pointing to a gradual upward movement in gold prices. 

1. Throughout May, there were several fluctuations in pricing. The highest gold rate was observed on 8 May 2025, reaching Rs.9,696 per gram, indicating strong market activity or increased demand at that point. 

1. Conversely, the lowest price of the month occurred on 15 May 2025, when gold dropped to Rs.9,150 per gram, suggesting a short-term correction or reduced demand during that period. 

1. To summarise, gold prices in Udaipur during May 2025 followed a generally rising trend, despite some mid-month variability. The percentage change for the month of May was 1.57%.  

Trend of Gold Rate in Udaipur for March 2025 (rates per gram for 24 karat gold) 

Trend of Monthly Gold Rate in Udaipur for March 2025 

1. In Udaipur, the price of 24 karat gold on 1 March 2025 was Rs.8,446 per gram. This was the starting rate for the month and also the lowest recorded price, observed on both 1 March and 2 March 2025. 

1. As the month progressed, gold prices in Udaipur showed a steady increase. By 31 March 2025, the rate had risen to Rs.8,955 per gram. This closing price represented both the highest value for the month and the final rate at which gold was traded in Udaipur during March. 

1. The highest gold rate in Udaipur during March 2025 was Rs.8,955 per gram, recorded on 31 March. This marked the peak value for the month. The steady climb in prices throughout the month indicates a sustained movement in the upward direction, although specific daily fluctuations were observed across different dates. 

1. The lowest price of gold for March 2025 was Rs.8,446 per gram, seen on 1 and 2 March. No further declines were recorded below this point for the rest of the month, making the early days of March the most affordable for buyers interested in gold purchases. 

1. Overall, the trend in Udaipur’s gold prices for March 2025 showed a clear incline. The price moved from Rs.8,446 per gram at the start of the month to Rs.8,955 per gram by the end, with consistent daily tracking showing price stability. 

1. The percentage change in gold prices over March 2025 was 6.02%, indicating a moderate yet consistent increase in value during the month based on recorded data. 

Trend of Gold Rate in Udaipur for February 2025 (rates per gram for 24 karat gold) 

Trend of Monthly Gold Rate in Udaipur for February 2025 

1. In Udaipur, the price of 24 karat gold on 1 February 2025 was Rs.8,241 per gram, marking the starting point for gold price trends throughout the month. 

1. As February progressed, gold prices in Udaipur saw upward fluctuations. By 28 February 2025, the price increased to Rs.8,467 per gram, showing a general rise over the month. 

1. The highest price recorded in February was Rs.8,226 per gram on 25 February 2025. This represented the peak value for the month, reflecting a brief surge in market demand. 

1. The lowest price during February was Rs.8,199 per gram, recorded on 3 February 2025. This marked the lowest point for gold, indicating a dip in market activity early in the month. 

1. Despite fluctuations, the overall trend in February 2025 showed an incline in gold prices. From Rs.8,241 per gram on 1 February 2025, the price rose to Rs.8,467 per gram by the end of the month, reflecting a positive price movement. 

1. The percentage change in gold rates for February 2025 was 2.74%, indicating a moderate increase in the value of gold during the month. 

1. In summary, February 2025 in Udaipur saw an overall upward trend in gold prices. The highest price was recorded on 25 February 2025, while the lowest occurred on 3 February 2025. The month ended with a 2.74% increase in the price of gold.  

Trend of Gold Rate in Udaipur for January 2025 (rates per gram for 24 karat gold) 

Trend of Monthly Gold Rate in Udaipur for January 2025 

1. In Udaipur, the price of 24 karat gold on 1 January 2025 was Rs.7,617 per gram. This initial rate set the stage for tracking fluctuations in gold prices throughout the month of January. 

1. As January progressed, gold prices in Udaipur saw several changes. By 31 January 2025, the closing price of 24 karat gold had increased to Rs.8,226 per gram. This indicated a incline in gold prices by the end of the month, reflecting a general upward trend throughout January. 

1. Notably, the highest price for 24 karat gold in Udaipur during January occurred on 31 January 2025 when the rate reached Rs.8,226 per gram. This day marked the peak of gold prices for the month, reflecting strong market demand and an increased valuation of the precious metal during that period. 

1. On the other hand, the lowest rate for 24 karat gold was recorded on 01 January 2025, when the price started from Rs.7,617 per gram. This marked the lowest point in gold prices for the month, signalling a period of reduced market activity and diminished demand for gold. 

1. Throughout January, fluctuations in gold prices were observed, but the overall trend showed an Incline. From the opening price of Rs.7,617 per gram on 1 January 2025, gold rates increased to Rs.8,226 per gram by the end of the month, resulting in an increase in gold prices. The percentage change in the gold rate for January 2025 was calculated at 7.99%. 

1. In summary, the month of January 2025 in Udaipur was characterised by an increase in gold prices. The highest price for gold was recorded on 1 January 2025 when the price peaked at Rs.7,617 per gram, while the lowest point occurred on 31 January 2025, with the price reaching Rs.8,226 per gram. Despite some fluctuations throughout the month, the overall trend indicated a slight decrease in the price of gold. This decline of 7.99% highlighted a downward market trend for gold in Udaipur as the year concluded. 

Trend of Gold Rate in Udaipur for December 2024 (rates per gram for 24 karat gold) 

Trend of Monthly Gold Rate in Udaipur for December 2024 

1. In Udaipur, the price of 24 karat gold on 1 December 2024 was Rs.7,617 per gram. This initial rate set the stage for tracking fluctuations in gold prices throughout the month of December. 

1. As December progressed, gold prices in Udaipur saw several changes. By 31 December 2024, the closing price of 24 karat gold had dropped to Rs.7,575 per gram. This indicated a decline in gold prices by the end of the month, reflecting a general downward trend throughout December. 

1. Notably, the highest price for 24 karat gold in Udaipur during December occurred on 11 December 2024 and 12 December 2024, when the rate reached Rs.7,758 per gram. These two days marked the peak of gold prices for the month, reflecting strong market demand and an increased valuation of the precious metal during that period. 

1. On the other hand, the lowest rate for 24 karat gold was recorded on 20 December 2024, when the price fell to Rs.7,501 per gram. This marked the lowest point in gold prices for the month, signalling a period of reduced market activity and diminished demand for gold. 

1. Throughout December, fluctuations in gold prices were observed, but the overall trend showed a decline. From the opening price of Rs.7,617 per gram on 1 December 2024, gold rates decreased to Rs.7,575 per gram by the end of the month, resulting in a small reduction in gold prices. The percentage change in the gold rate for December 2024 was calculated at -0.55%. 

1. In summary, the month of December 2024 in Udaipur was characterised by a modest decline in gold prices. The highest price for gold was recorded on 11 December 2024 and 12 December 2024, when the price peaked at Rs.7,758 per gram, while the lowest point occurred on 20 December 2024, with the price reaching Rs.7,501 per gram. Despite some fluctuations throughout the month, the overall trend indicated a slight decrease in the price of gold. This decline of 0.55% highlighted a downward market trend for gold in Udaipur as the year concluded. 

Trend of Gold Rate in Udaipur for November 2024 (rates per gram for 24 karat gold) 

Trend of Monthly Gold Rate in Udaipur for November 2024 

1. In November 2024, the price of 24 karat gold in Udaipur was Rs.7,863 per gram on 1 November 2024. This initial price established a crucial reference point for monitoring the fluctuations and trends within the gold market throughout the month. The starting value serves as a baseline for understanding the broader dynamics influencing gold pricing in Udaipur. 

1. As the month progressed, gold prices in Udaipur showed varying trends, experiencing both highs and lows before closing at a slightly lower rate. By the end of November, specifically on 30 November 2024, the closing price of gold had decreased to Rs.7,617 per gram. This closing value reflected a marginal decline in gold prices over the course of the month. 

1. Throughout November, gold prices in Udaipur reached notable highs and lows. The highest rate for 24 karat gold was recorded at the very beginning of the month, with the price peaking at Rs.7,863 per gram on 1 November 2024 and 2 November 2024. This peak represents the highest valuation of gold during November in Udaipur, highlighting a strong start to the month. 

1. On the other hand, the lowest price for 24 karat gold was observed mid-month. On 16 November 2024 and 17 November 2024, the price fell to Rs.7,391 per gram, marking the lowest recorded value for gold in November. This decrease reflected a period of reduced demand or market adjustment, showcasing the inherent volatility in the gold market. 

1. Despite these fluctuations, the overall trend in gold prices for November was negative. The price decreased from Rs.7,863 per gram at the beginning of the month to Rs.7,617 per gram by its conclusion, reflecting a decline of Rs.246 per gram. 

1. The percentage change in gold rates for November 2024 was calculated at -3.12%, indicating a modest decrease in value over the month. This decline underscores the shifting dynamics within the gold market in Udaipur during November 2024, with the highest prices recorded early in the month and the lowest mid-month. 

Trend of Gold Rate in Udaipur for October 2024 (rates per gram for 24 karat gold)

Trend of Monthly Gold Rate in Udaipur for October 2024 

1. In Udaipur, on 1 October 2024, the price of 24 karat gold was Rs.7,512 per gram. This starting price set an essential reference point for observing the shifts in gold prices over the month, establishing a baseline to monitor trends in Udaipur’s gold market throughout October. 

1. As the month progressed, gold prices in Udaipur displayed various ups and downs, although the overall trend leaned positive, reflecting an increase in value by the month’s close. By 31 October 2024, the price rose to Rs.7,937 per gram, marking a notable increase from the opening rate. This final price captures the month-long upward movement in Udaipur’s gold market. 

1. Throughout October, there were specific days when gold prices reached notable highs and lows. The peak price was recorded on 31 October 2024, when the price reached Rs.7,937 per gram, the highest level observed for the month. 

1. In contrast, the lowest point in October occurred earlier. On 10 October 2024 and 11 October 2024, the price dropped to Rs.7,485 per gram, reflecting the month’s lowest rate. This decline showcases the typical market volatility often seen in periods of shifting demand. 

1. Despite these fluctuations, the overall trend for gold prices in Udaipur during October remained positive. Starting at Rs.7,512 per gram and closing at Rs.7,937 per gram, the gold price increased by approximately 5.65% over the month. This incline highlights the upward momentum in October, indicating broader factors influencing demand for gold in Udaipur. 

Trend of Gold Rate in Udaipur for September 2024 (rates per gram for 24 karat gold) 

Trend of Monthly Gold Rate in Udaipur for September 2024 

1. In September 2024, the price of 24 karat gold in Udaipur was Rs.7,139 per gram on 01 September. This initial price established a crucial reference point for monitoring the fluctuations and trends within the gold market throughout the month. The starting value serves as a baseline for understanding the broader dynamics affecting gold pricing in Udaipur. 

1. As the month unfolded, gold prices in Udaipur experienced many ups and downs throughout September. The overall trend was positive, indicating a significant rise in value as consumer demand and market conditions fluctuated. By the end of the month, specifically on 30 September 2024, the closing price of gold had increased to Rs.7,559 per gram. This final price reflects the culmination of a positive trend in gold pricing that was observed throughout September in Udaipur. 

1. During this month, there were several key points when gold prices reached significant highs and lows. The highest rate occurred on 28 September 2024, 29 September 2024, and 30 September 2024, when the price peaked at Rs.7,559 per gram. This peak signifies the highest recorded value for gold throughout September in Udaipur, illustrating the demand dynamics at play. 

1. On the other hand, the lowest price for 24 karat gold was noted earlier in the month. From 02 September 2024 to 05 September 2024, the price fell to Rs.7,113 per gram, representing the lowest point in the gold price trend for September in Udaipur. This decrease reflects the volatility often seen in the gold market during transitional periods. 

1. Despite these fluctuations, the overall trend in gold prices for September was decidedly positive. The price rose from Rs.7,139 per gram at the beginning of the month to Rs.7,559 per gram by its conclusion, reflecting a substantial percentage increase of approximately 5.58%. This increase not only highlights the upward momentum in gold prices throughout September in Udaipur but also indicates broader economic factors influencing consumer behaviour and investment in precious metals. 

Trend of Gold Rate in Udaipur for August 2024 (rates per gram for 24 karat gold)

Trend of Monthly Gold Rate in Udaipur for August 2024 

1. In Udaipur, the price of 24 karat gold began the month of August 2024 at Rs.6,882 per gram. This starting rate provided a reference point for the fluctuations in gold prices throughout the month. 

1. Throughout August, the gold price in Udaipur experienced a steady increase. By 31 August 2024, the price had risen to Rs.7,149 per gram. This upward shift from the initial rate shows a significant rise over the month. 

1. The overall percentage change in the gold price for August 2024 in Udaipur was 3.87%. This percentage reflects a positive trend, indicating that the gold prices increased by nearly 4% over the month. 

1. During the month, gold prices reached their peak on 28 August 2024 and 29 August 2024, when the rate hit Rs.7,160 per gram. This marked the highest gold price in Udaipur for the month, showing a notable surge in value on these days. 

1. In contrast, the lowest gold price of the month was recorded on 7 August 2024 and 8 August 2024. On these days, the price of 24 karat gold fell to Rs.6,777 per gram. This represented the lowest point of the month, with no lower prices observed during August. 

1. Overall, the gold price trend in Udaipur for August 2024 illustrated a gradual and steady increase. The final percentage change of 3.87% highlights the overall positive movement in gold prices by the end of the month, reflecting a general upward trend in the market. 

Trend of Gold Rate in Udaipur for  July 2024

Trend of Gold Rate in Udaipur for  June 2024

Gold investment in Udaipur

Gold is as much an investment as an adornment and auspicious metal in India. Indians buy gold ornaments and articles for weddings, birthdays, anniversaries and any festival or religious occasions. Gold is part of the investment in almost every Indian household. Gold ornaments are a store of money for Indians and we do not hesitate to pawn our jewellery or sell it off when urgently required.

Udaipur has its share of jewellery shops, and ethnic Rajput jewellery is popular both among the locals and tourists. Investment in gold is made in two major forms in Udaipur, as in most other cities in the country:

Physical gold - Jewellery and gift articles are the most popular gold investment options in Udaipur. People generally buy gold at lower prices and sell them or pawn them when the prices are high. But during the wedding season, people buy gold irrespective of its price. Gold coins and bullions are also bought as an investment. The best quality gold coins/bars can be obtained from banks and other authorised financial firms, but jewellers also sell the same products for less commission.

Market trade - Trading in paper gold is no longer a new concept in India. Several trading options such as gold exchange traded funds (ETFs), e-gold, futures trading and sovereign gold bonds are open to investors and speculators. Though these are not very popular in Udaipur currently, individuals interested in experimenting are making the most of the benefits of these investment options.

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