Odisha · 27 September 2026 · 12:14 AM IST
| Weight | 24K (99.9%) | 22K (91.6%) | 18K (75%) |
|---|---|---|---|
| 1 Gram | ₹15,329.07 | ₹14,041.43 | ₹11,496.80 |
| 8 Grams (1 Pavan) | ₹122,632.56 | ₹112,331.44 | ₹91,974.40 |
| 10 Grams | ₹153,290.70 | ₹140,414.28 | ₹114,968.02 |
| 100 Grams | ₹1,532,907.00 | ₹1,404,143.00 | ₹1,149,680.00 |
| 1 Kilogram | ₹15,329,070 | ₹14,041,430 | ₹11,496,800 |
Today, the 24K Gold price in Bhubaneswar declined to Rs.153290.7/10g, marking a fall from the previous day's rate. This movement can be attributed to a combination of global macroeconomic factors, including a stronger US dollar relative to the Indian rupee, and domestic factors such as lower MCX gold prices and reduced festive demand. Despite these factors, the market remains sensitive to the Indian Bullion and Jewellers Association (IBJA) rates and import duties, which continue to influence sentiment among consumers and jewelers alike.
The decline in gold prices in Bhubaneswar is significantly influenced by global macroeconomic drivers. The stronger USD/INR exchange rate makes gold less affordable for Indian consumers, potentially dampening demand. Additionally, the US Federal Reserve's monetary policy, particularly any prospects of rate hikes, can impact gold prices by altering the cost of carrying gold as an investment. On the domestic front, lower MCX gold prices and a subdued festive demand, coupled with the potential impact of import duties, contribute to the price drop. The monsoon outlook, while not directly affecting gold, can influence consumer spending power and sentiment, further impacting the market's trajectory.
For local consumers in Bhubaneswar, it's crucial to consider the BIS hallmark standards when purchasing gold to ensure authenticity and purity. Investors should also explore diversifying their portfolio with ETF options, such as Sovereign Gold Bonds, which offer a safe and liquid alternative. With the current market conditions, it might be beneficial to wait for further price stabilization before making significant purchases, especially if looking to invest rather than for immediate use. Always research and compare rates from reputable jewelers and bullion dealers to get the best deals.
To securely buy physical gold or paper gold in Bhubaneswar, start by researching reputable jewelers and bullion dealers. Ensure the gold you purchase meets BIS hallmark standards for purity. For buying paper gold, open a Demat account or use a digital platform that offers gold ETFs. Always check for transparent pricing, ask for detailed certificates, and consider the security measures in place at the point of purchase. If purchasing physical gold, ensure the transaction is conducted in a secure environment and that all documents are properly signed and noted.