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Gold Rate in Bhubaneswar (17th August 2022)

Aug 17, 2022
4,800 /Gram(22ct) -15

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
22 Carat Gold
Daily Price Change
1 gram 4,800 4,815 -15
8 gram 38,400 38,520 -120
10 gram 48,000 48,150 -150
100 gram 4,80,000 4,81,500 -1,500

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

Gram 24 Carat Gold
24 Carat Gold
Daily Price Change
1 gram 5,236 5,253 -17
8 gram 41,888 42,024 -136
10 gram 52,360 52,530 -170
100 gram 5,23,600 5,25,300 -1,700

* The above gold rates are indicative and do not include GST, TCS and other levies. For the exact rates contact your local jeweller.

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

Date 22 Carat 24 Carat
Aug 16, 2022 48,000 -150 52,360 -170
Aug 15, 2022 48,150 0 52,530 0
Aug 14, 2022 48,150 0 52,530 0
Aug 13, 2022 48,150 400 52,530 440
Aug 12, 2022 47,750 400 52,090 440
Aug 11, 2022 47,350 0 51,650 0
Aug 10, 2022 47,350 -600 51,650 -660
Aug 9, 2022 47,950 400 52,310 440
Aug 8, 2022 47,550 0 51,870 0
Aug 7, 2022 47,550 0 51,870 0

Weekly & Monthly Graph of Gold Price in Bhubaneswar

Historical Price of Gold Rate in Bhubaneswar

  • Gold Price Movement in Bhubaneswar, July 2022
  • Gold Rates 22 Carat 24 Carat
    1 st July rate Rs.47,850 Rs.52,200
    31st July rate Rs.47,200 Rs.51,490
    Highest rate in July Rs.48,130 on July 2 Rs.52,500 on July 2
    Lowest rate in July Rs.46,000 on July 21 Rs.50,180 on July 21
    Over all performance Falling Falling
    % Change -1.36% -1.36%
  • Gold Price Movement in Bhubaneswar, June 2022
  • Gold Price Movement in Bhubaneswar, May 2022
  • Gold Price Movement in Bhubaneswar, April 2022
  • Gold Price Movement in Bhubaneswar, March 2022
  • Gold Price Movement in Bhubaneswar, February 2022
  • Gold Price Movement in Bhubaneswar, January 2022

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.\

Factors that influence on increasing gold price in Bhubaneswar?

 Gold is one of the standards value for currencies all over the world. The price of gold in Bhubaneswarcan fluctuate with market conditions. When the dollar is high, prices of gold goes down, and when it is weak, prices of gold moves high. This will happen when the dollar is weak more people tend to invest in gold for their security, and the dollar is used for international transactions across the world.

 India is the largest consumer of gold, and here the demand increases due to a large sale of gold in the form of jewelry. There are other applications in various fields like industries, medicinal equipment, etc. Nowadays central banks are accumulating gold for their reserves by buying instead of selling more, so again the price tends to rise when this happens.

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. There will not be a big difference in gold rate in Puri, Konark, Berhampur, Cuttack, Balasore, Bhadrak, Rourkela and other cities in Odisha, compaire to gold rate in Bhubaneswar.

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 Prices Jumps in Bhubaneswar

Gold prices rallied in Bhubaneswar following the trends in the gold markets.

Gold rates in Bhubaneswar were seen at Rs 48,150 for 10 grams of 22 karat and Rs 52,530 for 10 grams of 24 karats.

In the international scenario, spot gold stood at $1,806 per ounce and US gold futures at $1,817 per ounce.

Prices for the precious metal rose in Friday's trading session, helped by a drop in US Treasury yields and putting the metal on track to post its fourth consecutive week of gains.

Investors, meanwhile, took stock of recent inflation data released in the United States.

U.S. Treasury yields fell after a volatile week as investors weigh whether an apparent slowing in inflation's rise could prevent the Fed from raising interest rates. Data released earlier this week indicated that inflation levels in the United States have eased, following which market participants dampened expectations of an aggressive interest rate hike by the Fed.

Still, the Fed's recent comment continues to be hawkish, which has kept the precious metal from rising above the $1,800 level.

Gold, the safe-haven asset, continues to perform well in a low-interest rate environment as it gets zero interest rates.

13 August 2022
The Gold Rates Rises in Bhubaneswar

Gold prices rose in Bhubaneswar following trends in gold markets as G7 countries are likely to impose a ban on gold imports from Russia. Gold rates in Bhubaneswar were seen at Rs.47,650/- for 10 grams of 22 karat and Rs.52,130/- for 10 grams of 24 karat.

In international markets, spot gold stood at $1,833.00 per ounce and US gold futures traded at $1,836.30 per ounce.

At the ongoing meeting of G7 countries in Germany, four countries decided to ban imports of Russian gold in a bid to tighten sanctions on Moscow and cut off its funding after its invasion of Ukraine.

Rising inflation rates forced the central bank to raise interest rates, supporting further drastic rate hikes to stem the rapid rise in prices. Investors applauded economic data that inflation expectations are likely to be less worrisome than initial expectations.

Analysts note that the G-7's decision to ban imports of Russian precious metals appears to provide short-term support for early trading in Asian markets.

27 June 2022
The Gold Prices in Bhubaneswar Slips

Gold prices in Bhubaneswar plunged sharply to Rs. 270 for 10gm. On steep losses, 24K gold in the city is selling at Rs. 51,980 per 10gm, while 22k gold at lower price is available for Rs. 47,650 per 10gm.

A lesser than anticipated Fed call of going by its rate hike strategy pushed the dollar higher and in turn led to losses in the bullion, which last in the international markets held near $1850 per ounce.

Though in the aftermath of looming economic crisis such as recessionary fears amid inflationary threat, gold will certainly get a lift as opined by experts.

For now back home, rupee depreciation in the country will render gold expensive in India which though also follows international trends.

The yellow metal traded under pressure on strong bond yields and recovery in dollar index as Fed stuck to its aggressive stance on rate hike in upcoming June and July meetings. "We expect gold prices to trade sideways to up for the day with Comex spot gold support at $1830 and resistance at $1870 per ounce. MCX Gold June support lies at Rs 50500 and resistance at Rs 51200 per 10 gram," said Tapan Patel, senior analyst (commodities), HDFC Securities.

26 May 2022
The Gold Prices in Bhubaneswar declines

Gold prices in Bhubaneswar are down by Rs. 320 per 10g. For 22k gold, the price is held at Rs. 46,000, while that of 24k gold is quoted at Rs. 50,190 for 10g. It is important to note that the price of gold from city to city varies in India due to transportation and other costs.

In international markets, gold settled well below the crucial level of $1900 per ounce. Gold futures for February 2022 were flat at $1900.8 an ounce. The precious bullion in yesterday's trade was down slightly on possible diplomatic talks, but the lingering threat will continue to illuminate gold's outlook going forward.

On the MCX, gold broke through levels of Rs. 50,000 and last ended at Rs. 50,123 per 10g, while online silver also hit the daily high of Rs. 64,220 per 10 grams .
Nirpendra Yadav, senior commodity research analyst at Swastika Investmart, believes precious metal prices could remain supportive due to ongoing geopolitical issues. As the price of gold holds above the psychological level of Rs 50,000, this could increase the price buying momentum towards the levels of Rs 50,600, he said.

19 February 2022
The Gold Rates in Bhubaneswar drops

In Bhubaneswar, the prices of 22 and 24 karat gold have fallen by Rs. 10 today. Comex's December gold futures fell 0.32% today and were listed at $ 1,796.9, while spot gold prices also fell 0.34% and were listed at $ 1,793 / oz until 5:05 pm IST today.

On the other hand, the US dollar index in the spot market stood at 93.54, up 0.19% from yesterday. Reflecting the same global gold rate trend, India's Mumbai MCX gold futures in October also fell 0.28% and was listed at Rs. 47,817 / 10 grams, until 5:05 p.m. IST . Today was the last trading day in October.
The price of 22 karat gold per gram is Rs. 4494 today, yesterday it was Rs. 4495. Thus, the 22 karat gold rate of 100 grams is today quoted at Rs. 449,400.
For 24 karat gold per gram the rate is Rs. 4,937 per gram today, yesterday it was Rs. 4,937. Today the price for 100 grams of 24 karat gold is quoted at Rs. 493,700.

Before Diwali and Dhanteras, IBJA tries to keep gold prices at a moderate level, because with a very moderate price range, gold jewellers will suffer losses.

29 October 2021
Gold rates in Bhubaneswar gain

Gold rates in Bhubaneswar gained after a rally in prices seen in the international market. 10 grams gold in the city was trading at Rs 47,390 per 10 grams. The price of gold in the city has jumped by nearly Rs 500 in the last three days.

The rally has been largely on account of gains seen in the global markets. Spot gold in the global markets has gained to almost $1824 an ounce, against a price of $1760 an ounce seen 2-3 weeks back.

Bond yields in the US have collapsed leading to a surge in equities and gold. US Fed Chair Jerome Powell signaled “powerful support” for economic recovery and boosted the metal’s appeal as an inflation hedge.

If global prices keep rallying, we will see an upward trajectory in gold prices as well.




15 July 2021
The Gold Prices in Bhubaneswar Rebounds

Gold prices have risen in Bhubaneswar following signals from the gold markets amid growing concerns about the rampant spread of the newly discovered delta variant.

Gold prices in Bhubaneswar recorded at Rs.44,000/- for 10 grams of 22 carats and Rs.48,000/- for 10 grams of 24 carats.

In the international forum, spot gold was trading at $ 1,787.30 an ounce; US gold futures at $ 1,773.40 an ounce. Precious metal prices rose during today's trading session, aided by growing concerns over the rampant spread of the covariant coronavirus Delta.

The increase in cases of the delta variant has forced France to delay the easing of restrictions in the Landes region, as an increase in infections has also been recorded in the Asia region. Analysts note that the yellow metal will remain very sensitive to comments from US Central Bank officials and to seething inflation expectations.

The rampant spread of delta variant cases across the world has forced many countries to take strict measures to stop its spread. France has delayed the easing of lockdown restrictions in the Landes region.

1 July 2021
Gold prices edges down in Bhubaneswar

Gold prices edged down in Bhubaneswar following cues in the bullion markets amid a hike in US Treasury yields and dollar. Gold prices in Bhubaneswar traded at Rs.41850/- for 10 grams of 22-carat gold and Rs.45,650/- for 10 grams of 24-carat gold.

In overseas markets, spot gold was seen at $ 1,708.90 an ounce; US gold futures at $ 1,703.40 an ounce.

The resumption of the balance in yields of the US Treasury and the dollar caused the value of gold to drop by more than 1% during today's trading session. During the previous trading session, the metal had risen slightly.

The rally in the dollar and yield sent the metal back to a nine-month low it hit earlier in the week, dampening optimism that the US stimulus bill will support the prices of a safe-haven asset.

Benchmark US Treasury yields rallied and marched toward the more than a year high reached on March 5, increasing the opportunity cost of holding bullion. In contrast, the dollar rebounded from a one-week low.

12 March 2021
Gold prices in Bhubaneswar gains

Gold prices have risen in Bhubaneswar, despite constant trading in overseas markets as hopes fade over a new stimulus bill. Gold prices in Bhubaneswar traded at Rs.48,530/- for 10 grams of 22 karats and Rs.52,940/- for 10 grams of 24 Karats.

In the global scenario, spot gold stood at $ 1,915.30 per ounce; US gold futures at $ 1,907.00 per ounce.

The value of the dollar which has been rising in recent days has eased today following doubts over the US stimulus deal before the end of the presidential election on November 3, 2020.

The pandemic crisis shook the US economy, prompting the government to roll out a stimulus bill. But the disagreement between Republicans and Democrats has delayed aid. Analysts note that the stimulus package will be rolled out until the end of the US election, reducing the price of ornamental metals.

US President - Donald Trump has indicated he is prepared to increase his offer by $ 1.8 trillion for new economic aid to Democrats in Congress. But Trump's idea was rejected by Senate Majority Leader Mitch McConnell.

Meanwhile, investors have been keeping an eye on the ongoing Brexit trade talks as Prime Minister - Boris Johnson will give Britain's response to EU demands.

16 October 2020
Gold prices in Bhubaneswar rises

Gold prices in Bhubaneswar have risen following global trends as central banks are likely to unveil new economic stimulus aid funds to cushion their respective economies which have been severely affected by the pandemic, pushing gold prices on a high scale.

Gold prices in Bhubaneswar were recorded at Rs.47,850/- for 10 grams of 22-carat gold and Rs.52,200/- for 10 grams of 24-carat gold.

In overseas markets, spot gold was $ 1,864.60 an ounce and US gold futures were at $ 1,851.90 an ounce.

Yesterday, European Union leaders agreed to provide a 750 billion euro stimulus package to cushion the economy of the eurozone which has been hit hard by the pandemic.

The continued cluster of pandemic cases in the United States has cast a shadow over the recovery of the world's largest economy, with US President - Donald Trump warning that the virus is likely to get worse before it gets better.

22 July 2020

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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