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Gold Rate In Bhubaneswar

Whether you are looking at diversifying your investment portfolio with gold, or planning to buy gold ornaments for a festival or celebration, you need to be aware of the gold price today in Bhubaneswar before you make a purchase. The gold price in Bhubaneswar is constantly fluctuating. Check out the current gold rate in Bhubaneswar here.

  • 24 carat gold price in Bhubaneswar: 10 grams for Rs. 49,660

  • 22 carat gold price in Bhubaneswar: 10 grams for Rs. 44,160

Today 24 Carat Gold Price per Gram in Bhubaneswar

Interested in buying 24 carat gold? In that case, check out the 24 carat gold price in Bhubaneswar on a per gram basis before you make a purchase decision.

  • 24 carat gold: 1 gram for Rs. 4,966

  • 24 carat gold: 8 grams for Rs. 39,728

Today 22 Carat Gold Price per Gram in Bhubaneswar

On the other hand, if you want to purchase top quality gold ornaments for the festive season or for a celebration, you need to check out the 22 carat gold price in Bhubaneswar.

  • 22 carat gold: 1 gram for Rs. 4,416

  • 22 carat gold: 8 grams for Rs. 35,328

How do People of Bhubaneswar Hold Gold?

People can hold gold either as a physical asset or as a digital asset. Physical holdings include regular purchases of gold in the form of gold jewelry, gold coins or even gold bars. If you buy and hold gold as a physical asset in Bhubaneswar, you need to store it safely at home. Alternatively, you can also make use of bank lockers to store your physical gold holding in a more secure manner.


Another way to hold gold is through the  electronic format. Here, you can invest in gold ETFs, which are essentially gold funds traded on an exchange. Whichever option you choose, you need to always check the gold rate in Bhubaneswar before you buy or sell the precious metal.

Gold as an Investment in Bhubaneswar

Gold is not just purchased as an ornamental metal in Bhubaneswar. Aspiring investors looking to hedge their portfolios against inflation also buy gold as an investment in Bhubaneswar. If this sounds like something you’ve wanted to do, you can check the gold price in BBSR and either trade in the yellow metal or hold it as a long-term investment in your portfolio, based on the current gold rate in Bhubaneswar.

What Affects Today’s Gold Rate in Bhubaneswar?

The gold rate today in BBSR depends on a number of factors. So, if any of the factors vary even slightly, this is reflected in the price of the yellow metal. That’s why the gold rate in BBSR fluctuates a great deal. Check out the major factors that influence the gold rate in Bhubaneswar.

  • The Jewelry Market

In India, gold is not merely an investment. It is also a staple in Indian weddings, festivals and festivities, and other celebrations. And the Indian jewelry market affects the price of the yellow metal based on the levels of demand for gold. During the festive season in particular, an increasing number of people may prefer to buy gold. This affects the 22 carat gold price in Bhubaneswar.

  • Demand and Supply

The reason the jewelry market influences gold rates is because of the forces of demand and supply. When the demand for gold increases, the prices rise, since the supply does not increase as rapidly as the demand. Conversely, if the demand for gold falls, the gold price in Bhubaneswar also reduces correspondingly.

  • The Government’s Gold Reserves

Every government across the gold holds reserves of the yellow metal. Among other purposes, this helps them stabilize forex currency movements and offer a guarantee to pay depositors. Depending on the policies and requirements of the government, it may buy or sell gold from its reserves. And when the reserves fluctuate, so do the gold prices.

  • Other Global Factors

Aside from the above-mentioned factors, there are many other global influencers that affect the price of gold in BBSR. This includes geopolitical developments and issues in the country or abroad, the status of the economy, and any major economic developments or events.

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Where and How to Buy Gold in Bhubaneswar?

If you want to buy gold today, Bhubaneswar gold prices are one of the major driving factors that will impact your decision to purchase the yellow metal. Once you’ve checked the gold rate in BBSR and decided that it may be the right time for you to buy the metal, you need to know where and how to go about doing this.

Where to buy gold in Bhubaneswar?

If you are planning to buy physical gold either in the form of ornaments, gold coins or bars, there are many certified jewelers who have hallmark gold jewelry up for sale. In case you are looking for established and reputed jewelers in the city, you can simply ask around and the locals will guide you to the dependable gold jewelry sellers in Bhubaneswar.


Some of the trusted names in the city include Khimji Jewellers, Purnima Jewellery, Lalchand Jewellers and Hindustan Jewellers. You can also choose to buy from some of the newer and larger stores like Hallmark Ornaments and Reeta Jewellers.

How to buy gold in Bhubaneswar?

The exact procedure to buy physical gold in Bhubaneswar may vary slightly from one seller to another. But broadly speaking, here is how you can go about doing this.

  • Check the gold rate today in BBSR online before you decide to buy the precious metal.

  • If you are comfortable with the price, check out the rates that the local sellers are offering. There may be slight variations here.

  • Choose a jeweler you are comfortable with and go through the various designs they offer for the ornament of your choice.

  • Alternatively, you can also choose to have an ornament designed on request, if the jeweler offers this facility.

  • Ask about the making charges and factor this into the price.

  • If you find the overall cost within your budget, go ahead and make your purchase or place your order, as the case may be.

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Is a Monthly Gold Investment Scheme Good or Bad in Bhubaneswar?

If you want to invest in gold instead of buying it directly as jewelry, you can choose to either use a lump sum amount, or you can rely on a monthly gold investment scheme in Bhubaneswar. Many reputed jewelers in the city offer investment schemes where you can invest a small amount each month. This can add up to a big corpus that you can use to buy gold later.


A monthly scheme comes with several benefits. The top advantages are listed here.

  • You need not wait to save up a lump sum amount before you start investing.

  • You can make use of small amounts each month, which is why monthly investment schemes are so affordable.

  • You benefit from rupee cost averaging, which brings down the overall cost of investment.

  • You can invest in a consistent and disciplined manner.

  • No matter what the gold price today in Bhubaneswar may be, you can invest in monthly schemes without worrying about timing the market.

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Factors that Influence Increasing Gold Prices in Bhubaneswar

If you’ve been keeping track of the gold price in Bhubaneswar, you may have noticed that the rates often follow an increasing trend. Ever wondered why this happens? Here are the top factors that influence the increasing gold rates in BBSR.

  • The Effect of Inflation

Inflation refers to the phenomenon where the prices of goods and services increase over time. Essentially, the purchasing power of money goes down. This is one of the key reasons for increasing gold prices in Bhubaneswar.

  • Interest Rates

The price of gold is inversely affected by interest rates. When the interest rates in the country decrease, people may not receive sufficient returns on their deposits. So, gold becomes a lucrative investment option, thus driving up the prices of the yellow metal.

  • Import Duty

India also imports a lot of gold in order to meet the high domestic demand for the yellow metal. Therefore, any rise in the import duty of the commodity is reflected in its price. Higher import duties drive up the gold rates in the country.

  • Fluctuation in Currency Values

Gold is generally traded in USD in the international market. However, when we import gold, the prices are converted from USD to INR. And since the values of currencies are constantly fluctuating, this is reflected in the price of gold and may lead to an increase in the gold rate.

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Gold ETFs in Bhubaneswar

With many millennials now showing increasing interest in gold investments, online investment options have emerged as the popular choice for new-age investors. Gold ETFs, in particular, offer a great deal of liquidity and many investment benefits.


Gold ETFs or Exchange Traded Funds are passive investment options that are traded on an exchange.

They track the price of physical gold in the country. So, if the gold rate today in Bhubaneswar fluctuates, the gold ETFs will also be impacted by the price change. To invest in gold ETFs in Bhubaneswar, you need to have a demat and a trading account.


Investing in gold ETFs gives you the following advantages.

  • You can buy gold ETFs in smaller denominations.

  • They are highly liquid, so you can buy and sell ETFs easily.

  • Gold ETFs are also tax-efficient.

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What are the Taxes on Gold in Bhubaneswar?

If you are planning to buy or invest in gold in Bhubaneswar, there is one other factor that you must look into in addition to the 24 carat gold price in Bhubaneswar and the 22 carat gold price in Bhubaneswar. You need to be aware of the taxes on gold. More specifically, you need to know about the following taxes.

  • Direct Tax (Capital Gains Tax)

If you buy gold in the physical form as coins, jewels or bars, or if you buy the asset digitally, you will have to pay direct tax when you sell your holdings. This tax is calculated on the capital gains that you make on the sale, so it is known as capital gains tax.


- If you sell the gold within three years from the date of purchase, the gains are called short-term capital gains, and you need to pay taxes on this amount as per the income tax slab applicable to you.


- If you sell the gold after three years, your gains are taxed as long-term capital gains, at 20% after indexation.

  • Indirect Tax (GST)

GST is also levied on gold jewelry at the rate of 3% on the value of the gold as well as at 5% on the making charges involved.

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Liquidity of Gold in Bhubaneswar

If you are looking for a liquid investment option, gold in Bhubaneswar may be a good choice. Since the demand for the yellow metal is always present in the Indian markets, you can rest assured that gold is a highly liquid investment option that is easy to buy and sell. You can also trade or invest in gold both physically and digitally.

Is it a Good Time to Buy Gold in Bhubaneswar?

The concept of a good time to buy gold is quite subjective. You may find the gold price today in BBSR affordable, while another person may want to wait for the price to dip further before making a purchase. Also, if you do not want to time the market, you can always choose to invest in a monthly investment scheme.


 Making charges are the costs that jewelers charge for designing gold jewelry. They vary from one seller to another.  

 Before you buy gold, you need to check the purity of the metal, the making charges, and the current gold rate in Bhubaneswar.  

 You need to check the gold rate if you are planning to buy or sell gold. That way, you can make informed buying or selling decisions.  

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