Today’s Gold Price in Cuttack
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22 Carat Gold Rate in Cuttack (Today & Yesterday)
22K Gold Rate in Cuttack
CuttackGram-wise Today vs Yesterday Price Comparison
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24 Carat Gold Rate in Cuttack (Today & Yesterday)
24K Gold Rate in Cuttack
CuttackGram-wise Today vs Yesterday Price Comparison
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Today’s Gold Price in Cuttack
Gold rates in Cuttack are deeply intertwined with the cultural fabric of Odisha. As a city that celebrates a “plethora of festivities” and host to numerous high-profile jewellery exhibitions, the demand here fluctuates with the festive calendar. Whether it is for investment, gifting, or bridal wear, gold remains the preferred asset for the people of Odisha.
Factors Influencing Gold Prices in Cuttack
Several global and domestic factors determine why gold prices move daily:
- Festive & Wedding Demand: In Odisha’s culturally diverse landscape, gold is bought for auspicious reasons. High demand during the wedding season or festivals like Diwali and Dhanteras directly pushes values higher.
- Global Market Trends: Gold is a “safe haven.” When the US Dollar weakens or oil prices fluctuate, investors flock to gold, increasing its price.
- International Relations: Events like the Russia-Ukraine war or global health crises (like COVID-19) create economic uncertainty, which typically drives gold prices up.
- Government Policy: Import duties and RBI interest rate changes significantly affect the domestic price you pay at the counter in Bhubaneswar.
Smart Ways to Invest in Gold
While traditional jewellery is the most popular, residents of Bhubaneswar have several modern options:
| Investment Type | Description | Best For |
| Gold Jewellery | Physical ornaments (22K or 18K). | Gifting and Personal Use. |
| Gold Coins/Bars | Pure 24K gold with minimal making charges. | Long-term Wealth Savings. |
| Gold ETFs | Paper gold traded on the stock market. | Easy liquidity without storage risks. |
| Digital Gold | Buy gold for as low as ₹1 via mobile apps. | Small, regular investors. |
Buyer’s Guide: Things to Keep in Mind
If you are planning to visit a jeweler in Bhubaneswar today, remember these three rules:
- Demand Hallmarking: Always look for the BIS Hallmark symbol. It is your only guarantee of the gold’s purity.
- Monitor the Trend: Check the “Last 10 Days History” table below. If the market is on a downward trend, it might be a better time to lock in your purchase.
- Understand the Karats: * 24K: 99.9% Pure (Best for investment/coins).
- 22K: 91.6% Pure (best for durable jewelry).
Popular Jewellery Stores in Cuttack
The city is home to several heritage and modern showrooms. Some of the most trusted names include:
- Lalchand Jewelers (A local heritage favorite)
- Khimji Jewelers (Renowned for Odishi craftsmanship)
- Tanishq & Reliance Jewels (National brands with strong presence)
- Kalyan Jewelers & PC Jeweller
Frequently Asked Questions (FAQs)
Which gold is best to invest in Cuttack?
For long-term capital growth, 24 Karat gold (coins or bars) is best as it has the highest purity. For wearable value, 22K or 18K is the standard.
Why is 24K gold not used for intricate jewellery?
24K gold is exceptionally soft and malleable. It can be easily bent or broken, making it difficult to hold gemstones or maintain complex “Tarkasi” (filigree) designs common in Odisha.
How can I check if my gold is real at home?
- The Float Test: Drop your gold into a bowl of water. Real gold is dense and will sink immediately. If it floats or hovers, it is likely plated.
- The Magnet Test: Gold is not magnetic. If your jewellery sticks to a strong magnet, it contains base metals.
