Gold Rate In Bhubaneswar Today

There is immense demand for gold in Bhubaneswar. This is the reason why the city is flocked by a number of places to buy gold, such as the following:

• Kalyan Jewellers: One of the most reputed brands for gold jewellery is Kalyan Jewellers which now has its branches across the country. In Bhubaneswar, the Kalyan Jewellers is located in Saheed Nagar. At Kalyan Jewellers in Bhubaneswar, you can find an exclusive range of gold jewellery that you can adorn on any festive occasion.

• Khimji Jewellers: Khimji Jewellers which was established in the year 1936 is one of the oldest jewellery shops in Bhubaneswar. They have a wide range of gold jewellery to win your hearts, moreover, you can also get your jewellery customised based on your needs. Offering some of the best jewellery designs, Khimji Jewellers even offers shipping services throughout the country.

• Tanishq Jewellery: Another popular jewellery brand that has branches in Bhubaneswar is Tanishq Jewellery. This famous jewellery brand takes pride in crafting designer jewellery for all occasions. In addition, during the sale season, you can also grab some exciting discounts and buy gold jewellery at affordable prices.
• NBFCs: Apart from physical gold, you can also purchase digital forms of gold from NBFCs. Some of the NBFCs in Bhubaneswar include Muthoot Finance, ICICI Gold Loan and more.

There is no denying that all of us love buying gold. However, even as an expert or beginner, there are certain things that you need to keep in mind while buying gold so that you are never tricked into buying:

• Check The Purity: The purity of gold is measured in karats. While 24 karat gold is 99.9% pure, 22 karat gold on the other hand is 92% pure. So, buying gold, without checking its purity is a straight no. Purity of gold is thus one thing that you as a buyer should never compromise with.

• Weight: Weight is another important factor that should be considered while buying physical gold. The heavier the gold is, the higher the price will be. In general, jewellers sell jewellery based on its entire weight, however, when you are buying studded jewellery, it is important that you check the weight of gold separately so that you don’t have to pay extra.

• Additional Charges: When you buy digital gold, it is important that you check the additional charges that are levied during the purchase. Typically, you need to pay GST, storage charges and a few more while buying digital gold. So, beware of all these charges in advance and then proceed with the purchase.
• Sales: During the festive season when the demand for gold is high, the price tends to increase. This is why you should always consider the time when you are buying gold to avoid paying hefty charges.

Listed below are the factors that affect the price of gold in Bhubaneswar. Scroll through the list for more information:

• Value Of The US Dollar: The value of the US dollar is an important factor that plays a role in determining the price of gold. As the price of the US dollar increases, the value of gold tends to fall. Conversely, when the value of the US dollar decreases, the value of gold on the other hand increases.
• Inflation: Gold has a stable entity, this is why investors tend to stick to gold, especially during inflation. At the time of inflation, the demand for gold shoots up, this is why the price of gold in accordance with the high demand increases.
• Demand And Supply: Another factor that influences the price of gold is the demand vs supply chain. The moment there is a mismatch between supply and demand, the price of gold tends to increase. This is because when the supply increases, it becomes imperative to import large quantities of gold to meet the demand, in turn resulting in an increase in the gold price.