Gold Rate in Odisha Today (Aug 30, 2023): Live Gold Price in Odisha

This article focuses on the gold rate in Odisha and how past fluctuations on gold rates can impact price and demand for Live Gold Rate in Odisha Today (Aug 30, 2023).

We will also focus on the primary and secondary factors that have been impacting gold rate in Odisha live and how to deal with these factors in a simple and effective way.

Gold holds an important part in Indian civilization since innumerable years. Its worthiness has been increasing over the past decades and will continue to increase in the near future.

The demand for gold jewellery among different classes of the society is seen to rise with different reasons.

Compare Live Gold Rate in Odisha with other Cities in India

22 Carat Gold Rate in Odisha – Gold Price in Odisha Today (Aug 30, 2023)

Also, Check out the Silver Rate in Odisha Today

22 carat gold comprises only of 91.6% of pure gold. The table below represents data on 22 carat gold rate in Odisha.

It is a helpful medium to compare yesterday’s gold rate with today’s gold rate. Check this section for 22 carat gold price in Odisha today.

Gold Rate Forecast for Tomorrow

24 Carat Gold Rate in Odisha Today (Aug 30, 2023) – Gold Price in Orissa

24 carat gold is completely pure gold. The below table has details on 24 carat gold rate in Odisha today and percentage change to pervious days rate.

This section can be used to check pure gold price in Odisha and compare yesterdays and todays rate for further analysis.

Tomorrow Gold Rate Prediction or Forecast in Odisha

Check out Odisha Gold Prediction for Tomorrow here –

Check out some amazing Gold Calculators

Gold Price in Odisha for Last 15 Days

A 15 day moving average is very beneficial in order to undertake further price analysis of an investment. The below table is a gist of the past 15 day fluctuations of the gold price in Odisha.

It will help you understand what should be your next move towards the investment.

Find Gold Rates of other Indian Cities & States

Graph of Gold Rate Today in Odisha – Also Past Gold Price in Odisha

The easiest way to understand figures is by graphs. Therefore, we have compiled data in the form of graph to make it lucid for you to run through gold rate in Odisha. This section focuses on the fluctuation of gold rate in Odisha.

Gold Price in Odisha – Past 12 Months Price

The Gold rate in Odisha for the past 12 months is detailed below so that you may understand the long-term movement of the gold rate in Odisha.

This data of gold rates for the past 12 months will give you the insight to determine your gold purchase and sale strategy.

January 2023, Gold Price Movement in Odisha

A glimpse of gold price in Odisha for the month of January is given in this section. The table has data on 22 carat gold price in Odisha and 24 carat gold information as well. Important points to note from the data are follows:

• The prices of 22 carat gold and 24 carat gold flowed in the same direction. The prices decreased in the first and from the second week, it took an upward stride until the last week where it again started going down.
• Weekly change in data is available in the above table
• The highest rate noted is Rs.5310 and Rs.5793 for 22 carat and 24 carat respectively.
• Lowest rate however is seen to be at Rs.5045 for 22 carat and Rs.5504 for 24 carat gold.
• There is a minimum of 3.75% and 3.75% change among the prices of January

Gold Rate Movement in Odisha for December 2022

We specialize in curating the most complex in the most simplified of data, to best fit your understating. Thus, here follows a complete simplified gold analysis for the month December in Odisha.

• Odisha has been one of those states which widely increased a heavy price drop in the 22 carat category. As the 22 carat category started with a rate of Rs 4880.
• The 24 carat category sticked to its usual character and opened the month with a standard rate of Rs 5318.
• The states’ gold rates took an appreciable jump after the second week of the month and kept on increasing since.
• An overall change of 3.69% can be seen for the 22 carat category.
• The 24 carat category comparatively went through a larger change and wrapped the month with a change percentage of 3.80%.

Gold Rate Movement in Odisha for November 2022

The gold rates in Odisha for the month of November have been drafted in the tabular form. It can be the sneak peek into how profitable or otherwise, the gold investments resulted into.

• The last of November has drastically weakened the gold price with a sharp fall of 4.30% and 4.31% for both categories of gold respectively.
• The first three weeks had kept the prices fairly constant with slight upward and downward movement.
• However, the sharp and the steep rise in the last week.
• The lowest price being Rs.4610 and highest being Rs.4875 for 22-carat gold.
• The highest levels of 24-carat gold is Rs.5318 and the lowest price levels of 24-carat gold is Rs.5029.

Gold Rate Movement in Odisha for October 2022

We have your back in context with the month of October in this particular section. You will find the Gold Rate in Odisha flow for the entire month here, so you can precisely make the investment ideas, or at least get to know how thee prices take form or the direction in which they fluctuate.

• We have included separate columns for the 22 and the 24 carat gold category, and multiple price points are clearly included in the particular section.
• We figured out the price change for both the categories of gold and it was 0.22% and  0.22% for both
• As for the highest price level, the metal reached Rs.4785 and Rs.5220 for the highest.
• On the lowest price account, the price was Rs.4620 and Rs.5040 respectively.
• Since we have checked the price change, the highest and the lowest price level, we can see that the change was pretty tiny.

Gold rate analysis in Odisha for September 2022

We want to be your guide in the price of investment, and wish to take you through the past data on Gold Rate in Odisha. This data lets you study how the metal reacts to situations in hand and how you can eventually gain profit from them. We have the entire contribution to make, from the month of September.

• We have it all, the data in respect to the 22 carat gold alongside the 24 carat gold.
• Reading out the information as provided in the table, we have the percentage of price change for you and it was 0.32% and 0.34%.
• The number only indicates that the price of the metal fell by a great extent.
• Next concern for this section is of the highest price level for the month, and it was Rs.4690 and Rs.5116
• Lastly, we wish to focus on the lowest price level of the month which was stable at Rs.4580 and Rs.4996

Gold rate analysis in Odisha for August 2022

Odisha is a state that is known for its sea beaches and developed cities. People here are involved in various types of trading among which gold finds an important place. A large number of traders deal with both of the forms of this precious metal every day and their turnovers are quite high.

The residents of Odisha mostly invest in gold jewelry as it is the best asset to grow money in a short time. Thus, they need to be thorough with the latest rates of this precious metal to ensure they are not making a bad deal.

In this article, readers will find the prices for 22 Ct and 24 Ct Gold in Odisha along with the performance percentage for August 2022.

• The rate of 24 Ct Gold was very high throughout the month with the opening price of Rs.5138 per gram and the closing price of Rs.5127 per gram
• 22 Ct Gold rate touched the highest mark of Rs.4815 per gram and the lowest for a gram was Rs.4700
• The maximum price of one gram of 24 Ct Gold was Rs.5253 and the minimum was Rs.5123
• The opening rate of 22 Ct Gold was Rs.4710 and the closing rate was Rs.4700 for one gram
• A performance percentage of -0.21% was calculated for 22 Ct Gold and -0.21% for 24 Ct in August 2022.

July 2022, Gold Rate Movement in Odisha

We prepared a vivid table to show you the gold rate in Odhisa. We have stated the gold rate for both the 22 and 24 carat gold. In the meantime, it also stated the percentage performance of both the gold categories at once.

Note that this true gold value is observed for the month of July 2022. Therefore, you follow the data especially the highest and lowest value so that you can make an informed buy.

• The highest gold price for 22 carat gold was Rs 4810.
• The highest gold price for 24 gold was Rs 5247.
• Lowest price for 22 and 24 carat gold was recorded as Rs 4600 and Rs 5018 respectively.
• The percentage performance of 22 carat gold was -1.36%.
• The percentage performance of 24 gold was observed as -1.36%.
• Difference in percentage price between the two is not huge.

June 2022, Gold Rate Movement in Odisha

June 2022 was not like any other year in Odisha as the state was going through a long lockdown process. The local gold markets were partially closed and traders saw less business even though Odisha has its famous festival of RathYatra in this month.

Below are the details of the performance of this commodity in June that will draw a clear picture for readers.

• The topmost value recorded for one gram of 22 Ct Gold in this state was Rs.4836
• 22 Ct Gold reached the lowest price of Rs.4665 per gram in June this year
• The maximum and minimum rates recorded for 1 gram of 24 Ct Gold were Rs.5276 and Rs.5089 respectively
• Gold price took a sharp turn in the second week and starts declining.
• The performance percentage was below average for both the forms of gold with -1.79% and -1.79%.

May 2022, Gold Rate Movement in Odisha

The table above compares the prices of 22 carat and 24 carat gold rates in Odisha for the month of May.  It analyses how the prices tend to vary from the 1^st day of the month until the day 31^st. Key takeaways from this data are also mentioned below

• The weekly price change is mentioned which reflects a major impact in price changes.
• The highest recorded gold rate in May in Odisha is Rs.4839 for 22 Carat and Rs.5279 for 24 Carat.
• Also, the lowest recorded price is Rs.4610 for 22 Carat gold and Rs.5029 for 24 Carat.
• The prices have risen for both categories at the end of the month.
• The overall percentage change for 22 carat and 24 carat gold rate in Odisha per gram was -1.32% and -1.31%.

April 2022, Gold Rate Movement in Orissa

The gold rate movement in Orissa for the month of April is shown below. Moreover, the key- points derive from the table are also listed below.

• For the month of April the highest recorded gold rate in Odisha is Rs.4985 for 22 Carat and Rs.5438 for 24 Carat gold.
• The lowest price for the month is Rs.4780 and Rs.5214 for 22 carat and 24 Carat gold respectively.
• The prices have risen for both the categories during the mid week of the month.
• Overall percentage change for 22 carat and 24 carat gold rate in Odisha per gram has been recorded 0.62% and 0.63% respectively for the month of April.
• The change in the month of April is considerably higher than the change in rates for the month of March.

March 2022, Gold Rate Movement in Odisha

The summary for the gold price movement in Odisha for March are noted below. Important points are mentioned in the below section.

• Highest recorded gold rate in March in Odisha is Rs.4980 for 22 Carat and Rs.5433 for 24 Carat.
• The prices have decreased towards the end of the month for both the category.
• And the lowest recorded price is Rs.4670 for 22 Carat gold and Rs.5095 for 24 Carat gold.
• The overall percentage change in the gold price in Odisha per gram from the 1^st day of March to the last day of March has been approximately 2.03% for 22 carat and 2.02% for 24 carat gold.
• Gold price in Odisha per gram shows that a significant rise and fall in the prices were witnessed throughout the entire month.

February 2022, Gold Price Movement in Odisha

A summary of 22 carat gold rate in Odisha and 24 carat gold prices for the month of February is mentioned below. It will help you understand the price fluctuation that takes place during different months.

• The highest price recorded for 22 carat gold is Rs.4725 and for 24 carat gold is Rs.5155.
• The lowest price seen is Rs.4490 for 22 carat gold and Rs.4898 for 24 carat gold
• Curve has seemed to get a slight momentum, as compared to January.
• Gross performance is recorded as 4.68% for 22 carat and the same 4.70% for 24 carat.
• Additional data for the gold rate in Odisha per gram on the subsequent days of February are also mentioned in the table.

Gold Rate in Odisha – Trend in 2020

Gold is dollar denominated therefore the gold rate trends in Odisha tend to change whenever there is any weakness in the dollar.

Lately, in the year 2020, the gold rate has seen tremendous amount of fluctuation because of the economic downfall caused by the pandemic.

In India, it is seen that the demand for gold rises during the time of festivals.

With major loss of income to people in many sectors and threat of the deadly virus, there is a slurp in the demand for gold which lead to demand stagnation.

Looking into 2020 in particular, the month of March and April shows a net 6% difference in gold rates. However, after that the prices are seen to be rising in India and in Odisha. Today gold rate in Odisha has stabilized and we expect to see a steady growth in the days to come.

Check out Gold Rates of more cities & states

Gold Rate in Orissa – Trend in 2019

The year 2019 was stable for Gold rate Trend 2019 in Odisha, however there seemed to be fluctuations during March and April, when soon after it stabilized and increased considerably. Chaotic trade relation between US and China has been the prime reason for this fluctuations.

Many other factors also influenced the historical gold rate in Orissa in 2019. US dollar value is directly proportional to the gold rate in the market. A dip in US dollar will show either an increase or decline of gold rates.

What makes Gold Rates in Odisha to increase?

India as a country is known for using maximum gold in the form of jewellery and ornaments. Many sculptures of God and Goddesses are also carved from gold in order to mark respect, worth and purity.

The demand for gold during festivals is a sheer mark for good luck and an indirect form of investment. Apart from these, there are plenty other reasons which increases gold rate in Odisha as on today. Some of them are listed below:

• Gold price hike during festivities as the demand for gold increases.
• With an increase in interest rates, demand for gold to hedge against inflation increases.
• With the weakening of rupee against dollar, gold prices increases to a great extent.
• When value of other immovable assets decrease, the demand for gold increases which lead to hike in prices.
• Positive political relation with other countries also impact gold prices.

What makes Gold Price in Odisha to decrease?

Alongside an increase in gold prices there are also factors that impact the gold price in Odisha on a negative note. The major reasons for changes in Today Gold Price in Odisha per gram are:

• A decrease in demand for gold from the public
• Global pandemic leading to market downfall and slowing down the economy.
• Loss of jobs and inadequate income to household, making it not possible for people to keep aside money from their salaries for investment.
• A glitch in Indian and International trade leading to downfall of prices.

Why Central Bank Policies impacts Gold Rates in Odisha?

Gold reserves are held by central bank in form on security. The central banks decisions of either to maintain these gold reserves or release them in the market highly impact the prices of gold. The more the reserves with the central bank, the higher the gold prices in the market and vice versa.

Other investment options like mutual funds, bonds and more also affect the Gold rate in Odisha because investors often find it more profitable to invest in assets that will provide greater return during a longer period of time.

However, largely the gold rate in Odisha today remains strongly impacted by the policies laid down by the central bank.

Why Gold Price in Orissa is different from other Cities?

Gold price in Orissa is different from other cities as every city pays different amount of charges on transportation and hauling costs. Odisha government also has an amount of tax that buyers need to pay while purchasing gold.

The GST levied on gold remains 5%, however Gold Price in Odisha 916 factor in all additional costs within the per gram sale of gold.

What is Gold Rate in Odisha 916 Hallmark gold?

22 carat gold, also known as 916 Hallmark Gold, is not the purest form of gold but rather 22 parts of gold mixed with 2 parts of other alloy, usually used to make ornaments and sculptures.

Since it contains 91.67 percent of gold therefore it is termed as 916 hallmark gold. It also follows the norms to maintain all gold and purity standard. Hence, the Gold Rate in Odisha 916 is nothing but 22 carat Gold today.

Find out Gold Rates of more Indian Cities & States

How much is the Tax Levied on Gold Rate in Odisha?

GST of 5% is levied on gold jewellery along with additional charges which differ from trader to trader. Making charges laid down by jeweller’s association is also factored in the gold rates.

However, tax on Gold rate in Odisha is already fixed by the government with mandatory GST since 2017.

Gold Rate in Odisha – Conclusion

Today gold Rate in Odisha is a result of all the above discussed points. This article gives a complete insight on gold rate in Odisha for both 22 and 24 carat.

It also discusses reasons for changes in prices and the trends of the past few months. We hope this article and our analysis gave you a better understanding on the gold rates in Odisha today.

Odisha Gold Rate FAQs

Ques – How to check Today’s Gold Rate in Odisha?

Answer – Checking the present rate of the gold is easy and you simply need to check out a table for the purpose. This article has few tables in the top most sections. These tables include the rate of Gold in Odisha from today, and you can also see yesterday’s price and the change in price.

Ques – Where to find Gold Rate in Odisha?

Answer – This article is you one stop solution, to find all the gold rates, and by all we mean the present as well as the past rates. Name a time frame and we have the rates of the same included in this article, for your reference. Also, we have the preset day’s live update as well.

Ques – Is this Live Gold Price in Odisha?

Answer – Yes, the first couple of tables that you see are related to the present price of the metal, i.e. the live price. We keep the information updated from time to time so you can take the reference of the same and in a way make the appropriate and profitable decisions.

Ques – Can I find last month’s Gold Price here?

Answer – Yes, we have all the mediums of past information for you, and this includes the last month’s data. The section you need to refer here is of the past 6 months, wherein we have incorporated details price rates and explanation for the past few months precisely.

Ques – Where to find 22 Ct Gold Rate in Odisha?

Answer – This article shall be the place you need to refer to, if you have plans to invest in the 22 carat gold rates and want to monitor the price changes. So, according to the provided tables, you must look for the tables exclusive to 22 carat or the exclusive 22 carat columns in the table which contain both category rates.

Ques – Is the Gold Rate in Odisha Update?

Answer – Yes, you will locate the updated price rates of the metal in this article, for the present as well as the past. You can see that the top most sections are for the present rates, whereas the next couple of sections have the updates of the past data.

Ques – Will I find Gold Rate Forecast here?

Answer – This article, in a way, helps you create a forecast, wherein you use the historical price of the metal to predict the future movement. This is technical analysis we are talking of and the data you need to carry out the technical analysis are all provided in this article.

Ques – Can I use Gold Investment Calculator?

Answer – Yes, the investment calculator has no terms and conditions for use, as it is provided for each and every investor, or otherwise. City or state, Carat gold, invested amount and time of investment are the inputs you need to provide to the calculator, which will tell you the net worth you created or lost from a transaction.

Ques – Can I calculate Odisha Gold Price in Tola?

Answer – Yes, we have the said facility for you, via the use of Gold Rate calculator. You can check the rates in Tola, and also many other metrics. So, you need to refer to the table below the section of 15 days rate, which contains the link to the calculator.

Ques – What is 24 Carat Gold in Odisha?

Answer – 24 carat gold rate is the most pure form of the yellow metal. There are no fillers or impurities present in 24 carat gold whatsoever, and so it is generally fragile. It is used as trade via coins and also bars, and is expensive as compared to the 22 or other category gold.

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