You must know the current prices of gold if you want to invest in this precious metal. This is because the rates fluctuate regularly, affecting your gold value and cost.
Know that there are various factors affecting the gold prices, such as inflation, supply and demand, and other macroeconomic parameters.
Check the 24-karat gold rate today in Bhubaneswar below:
Weight |
24 Carat Gold Rate Today |
24 Carat Gold Rate Yesterday |
Price Change |
1 Gram |
₹ 6,295 |
₹ 6,295 |
₹0 |
10 Gram |
₹ 62,950 |
₹ 62,950 |
₹0 |
100 Gram |
₹ 6,29,500 |
₹ 6,29,500 |
₹0 |
Disclaimer: The rates are subject to change as per market conditions.
Here are the latest trends in gold prices in Bhubaneswar in the last 10 days:
Date |
Standard 22K Gold |
Pure 24K Gold |
||
1 g |
10 g |
1 g |
10 g |
|
Feb 12, 2024 |
₹5,770 |
₹57,700 |
₹6,295 |
₹62,950 |
Feb 11, 2024 |
₹5,770 |
₹57,700 |
₹6,295 |
₹62,950 |
Feb 10, 2024 |
₹5,770 |
₹57,700 |
₹6,295 |
₹62,950 |
Feb 9, 2024 |
₹5,790 |
₹57,900 |
₹6,316 |
₹63,160 |
Feb 8, 2024 |
₹5,800 |
₹58,000 |
₹6,324 |
₹63,240 |
Feb 7, 2024 |
₹5,800 |
₹58,000 |
₹6,323 |
₹63,230 |
Feb 6, 2024 |
₹5,775 |
₹57,750 |
₹6,300 |
₹63,000 |
Feb 5, 2024 |
₹5,795 |
₹57,950 |
₹6,322 |
₹63,220 |
Feb 4, 2024 |
₹5,810 |
₹58,100 |
₹6,338 |
₹63,380 |
Feb 3, 2024 |
₹5,810 |
₹58,100 |
₹6,338 |
₹63,380 |
Disclaimer: The rates are subject to change as per market conditions.
When buying this yellow metal, you need to consider the following factors in addition to the gold price today in Bhubaneswar:
Standards of Purity
BIS Hallmark
Making Charges
Mandatory Invoices
You can invest in gold in Bhubaneswar in the following forms:
You can purchase gold in its physical form from retail jewellery stores and authorised banks
You can also invest in Gold Exchange-Traded Funds (ETFs) and gold-linked bonds
You can also purchase digital gold to invest in this precious metal
FAQs on Gold Rate in Bhubaneswar
What are the GST charges on the purchase of gold?
According to the GST Rules, you need to pay a GST of 5% and 3% on the purchase of gold items and making charges, respectively.
How is Rupee appreciation linked to gold prices?
India is the second largest consumer of gold in the world and largely imports this precious metal to meet the domestic demand. If the Indian Rupee strengthens against the US Dollar, more gold can be purchased, and hence, the price is likely to increase.
How can I invest in gold in Bhubaneswar?
You can invest in gold throughout India by purchasing it in physical form from retail stores or authorised banks. Alternatively, you can invest in digital gold, gold ETFs, or gold bonds.
How is the purity of gold evaluated in Bhubaneswar?
The Bureau of Indian Standards (BIS) verifies and certifies the purity of precious metals in India. They use several tests, like X-ray fluorescence or acid testing, to ascertain the purity of the gold item.
Remember, the rate varies based on the purity levels. For instance, the 22K or 916 hallmark gold price in Bhubaneswar is lower than the 24K gold price. You can verify this by checking the presence of the BIS hallmark. The hallmark contains details, including the BIS logo, weight, purity level, and fitness number.
What are the factors affecting gold prices in Bhubaneswar?
The gold prices today in Bhubaneswar for 22K, 24K, and other purity levels depend on several factors, such as domestic supply and demand, global variables, government policies, etc.
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