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Gold Rate in Bhubaneswar (27th April 2017)

In Odisha, most of the people are fond of buying gold. People from all classes in odisha are so active in buying gold and they use to wear and gift in numerous festivals, family functions & marriages. You need to always check gold rates in Bhubaneswar the capital city of Odisha, which has the best gold prices you would get in any city.

Today 22 Carat Gold Price Per Gram in Bhubaneswar (INR)

Gram 22 Carat Gold
Today
22 Carat Gold
Yesterday
Daily Price Change
1 gram ₹ 2,869 ₹ 2,866 ₹ 3
8 gram ₹ 22,952 ₹ 22,928 ₹ 24
10 gram ₹ 28,690 ₹ 28,660 ₹ 30
100 gram ₹ 2,86,900 ₹ 2,86,600 ₹ 300

Today 24 Carat Gold Rate Per Gram in Bhubaneswar (INR)

Gram 24 Carat Gold
Today
24 Carat Gold
Yesterday
Daily Price Change
1 gram ₹ 3,129.80 ₹ 3,126.50 ₹ 3.30
8 gram ₹ 25,038.40 ₹ 25,012 ₹ 26.40
10 gram ₹ 31,298 ₹ 31,265 ₹ 33
100 gram ₹ 3,12,980 ₹ 3,12,650 ₹ 330

Gold Rate in Bhubaneswar for Last 10 Days (10 g)

Date 22 Carat 24 Carat
Apr 27, 2017 ₹ 28,690 ₹ 31,298
Apr 26, 2017 ₹ 28,660 ₹ 31,265
Apr 25, 2017 ₹ 29,230 ₹ 31,887
Apr 24, 2017 ₹ 29,150 ₹ 31,800
Apr 22, 2017 ₹ 29,202 ₹ 31,855
Apr 21, 2017 ₹ 29,222 ₹ 31,877
Apr 20, 2017 ₹ 29,100 ₹ 31,000
Apr 19, 2017 ₹ 29,562 ₹ 32,242
Apr 18, 2017 ₹ 29,200 ₹ 31,854
Apr 15, 2017 ₹ 29,400 ₹ 32,072

Weekly & Monthly Graph of Gold Price in Bhubaneswar

Historical Price of Gold Rate in Bhubaneswar

  • Gold Price Movement in Bhubaneswar, March 2017
  • Gold Rates 22 Carat 24 Carat
    1 st March rate Rs.27,818 Rs.29,673
    31st March rate Rs.27,698 Rs.29,553
    Highest rate in March Rs.28,800 on March 2 Rs.30,403 on March 2
    Lowest rate in March Rs.27,187 on March 16 Rs.29,043 on March 16
    Over all performance Falling Falling
    % Change -0.43% -0.40%
  • Gold Price Movement in Bhubaneswar, February 2017
  • Gold Price Movement in Bhubaneswar, January 2017
  • Gold Price Movement in Bhubaneswar, December 2016
  • Gold Price Movement in Bhubaneswar, November 2016
  • Gold Price Movement in Bhubaneswar, October 2016

Where to Buy Gold in Bhubaneswar

One of the reputed home growth gold jewelers in the state of Odisha is Khimji Jewellers. The company has showrooms in not only Bhubaneswar, but, also Cuttack and Rourkela. The outlet boasts of necklaces gold rings, gold pendants, earings etc. If you are looking at 22 karats and 24 karts, you can buy all of these in the cit of Bhubaneswar. Apart from this you can check todays gold rates in Tanishq through the company's showrooms. Lalchand jewellers Bhubaneswar can also provide you gold rates in the city.

22 Karats Gold in Odisha vs 24 Karats

We often receive queries whether one should buy 22 karats or 24 karats gold in Odisha. In fact, you can buy both of these. The simple explanation is this: If you are buying gold coins just go for the 24 karats gold in Bhubaneswar. On the other hand if you are buying 22 karats, you have to buy it in the jewellery form, because gold being brittle tends to break when made into jewellery.

Apart from this you have a number of choices to buy gold in Bhubaneswar. These include the popular gold coins. And, we wish to emphasize one thing for our readers. If you are investing in gold, make sure you are not investing in gold jewellery. This is because when you want to sell the precious metal all your making charges paid go down the drain. So, the better option is to buy gold coins which can be easily sold. Whether you buy 22 karats or 24 karats is your choice.

 Is a monthly gold investment scheme good or bad in Bhubhaneshwar?

Monthly gold Investment schemes are one of the most common schemes run by jewelers in Bhubaneswar. Mostly this scheme will be like the jeweler will be giving you almost 8% additional gold to your contribution.

As the gold rates in Bhubaneswar is changing everyday these schemes may help but one needs to look into few things before you go for these schemes

These Monthly Gold Investment scheme giving companies will have very strict rules and regulations so it is better you should read and understand very clearly what are those. So that you may not lose your money.

Let's assume you are paying Rs 2000 every month on a specfic date as given by the jeweller for 6 months, for a one-year gold investment scheme and if you miss to pay the 7th installment on time, your scheme will lapse and you will not get your money back which you paid for last 6 months or any gold jewelry as per the rules.

Not every jeweler will have the same rules but there are jewelers who have this kind of terms and conditions so its better to check twice before going for these scheme.

Even there is a risk of jeweler go bust with the installments you paid. So for availing such schemes its better to go for reputed jewellers.

How to buy gold in Bhubaneswar?

When you are buying gold in Bhubaneswar, there are a number of things that you should keep in mind. First and foremost is the fact that you should check with your jeweller on gold rates whether it is Khimji Jewellers or Lalchand Jewellers in Bhubaneswar. If you find the rates are all the same at all the Jewellers, you should look for the making charges. This definitely differs from jeweller to jeweller. If the rates are reasonable go ahead and buy. Remember that making charges make-up a significant portion of the overall charges, so be careful. Afterwards you must also check the reputation and also go in only for hallmarked gold. The faster you realize that it will lead you to buy only genuine gold jewellery.

Gold ETF's in Bhuwaneshwar

Bhubaneshwar, is the Capital and largest city in Odisha. There are many individuals in Bhubhaneshwar who invest in gold. Mainly investing in gold is of two types: one is Investing on the physical form of gold and the other is buying ETF's (exchange traded fund). Few Individuals who interested in investing in the physical form of gold go for Jewellery and few goes for gold coins or gold bars. Buying gold bars or coins will be more profitable than investing on jewellery.

There are individuals who go for ETF's. Usally investors who go for ETF's will have more advantages than those who invest in physical form of gold. The main reasons are easy liquidity, ease in selling and safer method. Buying gold ETF's is secured and easy method when compared to buying physical form of gold. Of course, if you want to use gold for personal consumption such as for gifting or making jewellery or sentimental purposes, there is no way you are going to buy gold ETFs.

Buying gold Gold ETFs is like making a fixed deposit it provides an opportunity to investors of Bhubaneshwar to accumulate gold over a given period of time. One can plan the procurement as per future requirements such as for the marriage of children or planning to buy properties etc.

Its very important to check the gold price in Bhubaneshwar before selling gold in physical form or ETF's which you can check on gold rates in Bhubaneshwar in good returns.in

The beauty of gold in Bhubhaneshwar

Bhubhaneshwar temple city of India has a great liking for gold due to its natural beauty and radiance. Not only in Bhubaneswar and India all over the world gold due to its natural beauty and radiance even many cultures have myths that gold represents the sun.

Yellow gold has the most popular color as everyone knows, but, this gold is available in a diverse palette and this was being done by alloying or mixing gold with other metals.

Normally the 24 karats gold cannot be with diversified colors. So to get gold of different color one should opt 22 karats one. The most famous one is White gold which is created by alloying pure gold with white metals such as palladium or silver sometimes rhodium is added to create a harder surface with a brighter shine. These days most of the White gold weddings Rings are trending all around the world.

There is also Rose-gold or pink gold which is also trending these days for necklaces and bangles for brides in these times. It is manufactured by alloying of gold with copper, and silver to get. Not only these colors there are few colors such as green gold which isn't so famous but available in the market.

Why gold rates change everyday in Bhubaneswar?

The rate of gold in Bhubaneshwar is affected by numerous factors, most important factor among them is production cost because gold producers always intend to maintain profitability.

Most of the investors who invest in gold in Bhubaneswar, value gold ETF's based on existing market values and also the gold prices in futures. They trade this valuable commodity depending on speculations in the gold price movement. Not only this there are factors responsible for gold price fluctuations.

Few of them are involvement of central banks in gold trading, Which is one of the major reason for fluctuation in gold rates. If the central bank which is Reserve Bank of India (RBI) in India is buying gold mean the price moment of Gold will be substantial. Even monetary decisions from central banks effect a lot on gold rates in Bhubaneswar.

Moment of Currency rates in other countries will also affect gold rates in bhubhaneswar. Euro, yen, real, ruble currencies from all around the world affect gold rates. But majorly which affects gold rates not only in Bhubaneswar but all over India is US Dollar. We can say Gold Rates In India is Inversely proportional to US Dollar. US Dollar and gold rates move at a time but in opposite direction.

Selling gold in Bhubhaneshwar

There are Individuals who make money by trading gold. Lot of us know where to buy gold and where we will get gold. Even in banks one can get gold coins and bars against money deposits. There are few precautions to take if you are going to buy physical gold as an investment or trading purpose.

Normally few smart investors invest on ETF's to do trading easily. But few other investors go for phsical gold by keeping in mind few other benefits of having physical gold such as one can opt for a gold loan on physical gold which we cannot get on ETF's. So for those investors who invest in physical form of gold need to know where they can sell gold.

For the individual who is selling physical gold should have clear idea on what are the gold rates in Bhubaneswar on the specific day or else may end up selling at lower price than the market price. It is advisable to check where one can get the updated gold price in Bhubaneswar which one can find on goodreturns.in

For selling gold in Bhubaneswar better while buying go for a jeweler who has buyback terms or even one can go for reputed jewelry shops like syndicate jewellers or Khimji jewelers.

Is the gold rate in Bhubhaneshwar and Odisha same?

No, the gold rates vary from state to state and city to city there will not be a big difference but there will be a difference in a few Indian rupees. The reasons for that are the volume of trade, transportation charges and related expenses, and, state taxes will be different for different states and cities.

For example, we can take a city where the volume of trade in gold is very high, So the gold rates there will be less when compared to the city where the volume of trade is low.

The same is applicable for the other reasons as well, there will be tolls and other taxes for a city whereas for another city in same state there are no such tolls or taxes.

The banks and bullion traders who trade in gold, normally buy gold in bulk due to which they get this commodity for a cheap rate. Due to which they offer their customers discounts.

Still, most of the metro cities in the same state have almost the same prices. But the variation comes on the basis of the way they are buying like, are they buying in bars, coins or jewellery. This difference also comes depending upon the making charges and wastage charges. As these charges will be different for different jewelers.

What are taxes on gold in Bhubaneswar?

Before knowing taxes on gold it is important to know what is tax. It is a contribution from us to the government for state revenue. It has to be paid depending upon few things.

For salaried employees, there is a tax slab as per the income they are earning. It will not be same for everyone it depends on upon the salary one is getting. This tax slab changes year to year.

And for the citizens who are doing business they will have to pay tax on business profits or added to the cost of some goods, services, and transactions.

In simple words tax is a compulsory investment one should do to government depending upon their earnings and mainly it is been divided into two types:
1) Direct tax
2) Indirect tax

When it comes to gold jewelry there are mainly two taxes:
1) Wealth tax
2) Capital Gain Tax

Wealth tax - Wealth tax is for those who own gold which is above Rs 30 lakhs. It is not applicable for those who has gold which is less than 30 lakhs. As the gold rates in Bhubaneswar changes it is better to track gold price in Bhubaneswar every day.

Capital Gains Tax- This is for investors and gold jewelers as they will be trading with gold and making money.

Liquidity of gold in Bhubaneswar?

In all kind of assets such as real estate, fixed deposits and etc. gold stands first because of its liquidity feature. One cannot sell or withdraw any asset and turn it into cash as fast as one can do with gold. For example, one cannot sell their land and make money instantly in emergency conditions. As land is an immovable property, one needs to approach a real estate agent and there will be a long process for registration purpose and all. But when it comes to gold it is very easy.

There are many jewellery merchants who buy gold and give money instantly. All one need is to take care of proper bills and the hallmarks.
Even there are few jewellers who buy gold without bill or hallmarks but you may not get the money as per the gold rates in Bhubaneswar on that day.

Even one can get an instant loan from a bank, neighbourhood pawn shops and NBFC's such as Muthoot finance and etc. They may ask for bills for security reasons.

This Liquidity feature of gold in Bhubaneswar attracts individuals to buy gold when they are planning to invest in assets.

Is it good time to buy Gold in Bhubhaneshwar?

There is no good or bad time to buy gold in Bhubaneswar. One cannot give perfect prediction when it is good time to buy gold. But can do it in a way where by following up few parameters. By following up those parameters one can make an approximate prediction how the gold rates in Bhubaneswar move.


Dramatical moves in Local and International politics will also affect, for example, gold rates. In recent times we can see during the presidential election of USA how volatile gold prices were. At that time dollar rate was fluctuating, parllel to those fluctuations gold rates in Bhubaneswar were fluctuating. Even we can consider the demonetization move did by PM Narendra Modi.

Since the situation and condition are changing day to day one cannot do a proper prediction. So to know the best time to buy Gold is, Just by following Gold rates in Bhubhaneshwar everyday and when you find a dip in the price of Gold and feel confident of that this right time, you can go for it.

Latest Updates on Bhubaneswar Gold Rates

Gold rates Bhubaneswar hold ground

Gold prices in Bhubaneswar were expected to open marginally lower as investors digested a string of data. Gold in the city has been hovering in a range for the last few weeks and today was no different. There has been a string of data reversals, which put pressure on gold prices in Bhubaneswar and also around the world. Gold for 22 karats was last seen trading at Rs 29,553 in the city for 22 karats. This is one of the few cities in the country where gold rates have risen substantially. In fact, the difference in gold prices in Bhubaneswar and other cities has been very high. In fact, the situation is true for many other cities in the East like Kolkata, where the prices are much higher then cities like Bangalore, where gold prices are much lower. In any case, one should take a look at the gold rates in the city before you buy.

2 April 2017
Gold rates in Bhubaneswar to stay steady

Gold prices in Bhubaneswar continued to hold ground as investors bought into the precious metal. The prices for the metal have been hovering in a range for many months now. However, they suddenly saw a decline in Bhubaneswar thanks to favourable currency movement. We are likely to see an even better movement for the metal in the coming days, is there is no adverse development in the international markets. In general we have not seen too much of wild fluctutations in rates in Bhubaneswar, though one must admit that the currency just recently breached levels of Rs 28,000 to hit lower levels of Rs 27,821. This was the lowest levels that we have seen in a long time and had largely to do with some strength that we seen in the dollar. Overall the trend in the last week has been down for prices in Bhubaneswar and we hope that there would be a trend reversal soon. At that time it maybe a good opportunity for those who have purchased the metal to start gradually unwinding their positions. Until then it would be a good opportunity to buy into the metal. So, if you are a buyer it makes sense to purchase on declines.

23 March 2017
Gold rates in Bhubaneswar stay steady

Gold rates in Bhubaneswar were trading steady in trade, as investors continued to buy into the precious metal at lower levels. Gold for 22 karats was last seen trading at Rs 27,483 per 10 grams, which were up by almost Rs 14. Gold for 24 karats also moved higher in line with 22 karats gold. Gold prices in Bhubaneswar will continue to trade higher as investors digest a lot of data, especially that coming from the US. This is particularly true for interest rates, which have been on a rise in the US, which has an influence on gold prices.

13 January 2017
Gold rates Bubaneswar

Gold rates in Bubaneswar were trading flat, as investors declined to make any major commitment over the Christmas season. Gold for 22 karats was last seen trading at Rs 26,636 per 10 grams. If you are looking to buy gold for 22 karats, go in for gold coins and bars, in case you are an investor. In case you are not an investor you can buy gold jewellery in Bubaneswar and can accumulate the same on declines at regular intervals. However, look for the hallmarkings and do not forget the same, before buying and spending your money. Also, look for the days of manufacture of the jewellery. A buy on decline strategy would be good for you. Remember, that gold prices have always yielded good returns in the long term and do not hesitate to buy on declines.

24 December 2016
Gold prices in Bubaneswar trade flat

Gold rates in Bubaneswar were trading flat as global cues were not supportive for prices. Today, Gold prices in Bubaneswar were trading around the Rs 2260, which was just about Re 1 down over the rates seen for the precious metal on December 21, 2016. In fact, gold rates in Bubaneswar have been on a constant decline for the last several weeks. In fact, this is ever since Donald Trump became the US President, which led to a rise in the prices of equities and a drop in the rats for gold. This also impacted the price of the precious metal in the city of Bubaneswar. If you are now looking to buy into gold, you can buy the same only if you want to hold for about 5 years. This is the only way you can make money in the precious metal, is buying the same on declines and then holding the metal for the very long term.

22 December 2016

Disclaimer: The gold rates are sourced from local jewellers in the city. There maybe variance in rates and prices. GoodReturns.in has made every effort to ensure accuracy of information provided; however, Greynium Information Technologies Pvt Ltd, its subsidiaries and associates do not guarantee such accuracy. The rates are for informational purposes only. It is not a solicitation to buy, sell in precious gold. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates do not accept culpability for losses and/or damages arising based on gold information provided.

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