This page covers the applicable gold rate, gold price calculation, purity checks, investment options, and the factors that determine your gold loan eligibility.
The gold rate in Odisha is shaped by factors such as international bullion prices, exchange rate fluctuations, import duties, and local market demand. Since gold prices directly influence the value of gold jewellery and coins, changes in the rate can also affect the amount available against a gold loan. Understanding these drivers can help you better evaluate gold price movements and their impact.
The gold price in Odisha is calculated through a series of steps, starting with the international gold price. Here's how the final gold rate is determined:
Most jewellers and lenders in Odisha use the IBJA daily benchmark as the reference for the base gold price. While the base rate remains broadly similar across the state, making charges and jeweller margins may vary from one seller to another.
Gold prices in Odisha have generally increased over the years, influenced by global market trends, inflation, interest rates, and local demand. Prices may rise during festivals and wedding seasons due to higher demand. Reviewing historical gold price trends can help buyers and investors make more informed purchasing and investment decisions.
| Year | 24-carat gold price per 10 grams |
|---|---|
| 2025 | Rs. 1,05,000 to Rs. 1,30,000 |
| 2024 | Rs. 77,000 |
| 2023 | Rs. 65,000 |
| 2022 | Rs. 52,000 |
| 2021 | Rs. 47,000 |
| 2020 | Rs. 48,000 |
| 2019 | Rs. 35,000 |
| 2018 | Rs. 31,000 |
| 2017 | Rs. 29,000 |
The gold rate in Odisha changes every day due to a combination of global and local factors. Understanding these can help you make informed decisions when buying gold or applying for a gold loan.
Keeping track of the gold rate in Odisha can help you decide the right time to buy gold or apply for a gold loan. You can also check your gold loan eligibility to estimate how much you may be able to borrow against your gold jewellery.
The karat number indicates how much pure gold a piece contains. A higher karat means higher gold purity, which also affects its price and use. While 18K gold is stronger for everyday jewellery, 22K gold is commonly used for traditional ornaments. 24K gold is the purest form and is mainly preferred for coins and bars purchased for investment.
| Parameter | 18K Gold | 22K Gold | 24K Gold |
|---|---|---|---|
| Purity | 75% | 91.6% | 99.9% |
| Strength | Highest | High | Lower |
| Common use | Designer jewellery | Traditional jewellery | Coins and bars |
| Price | Lowest | Higher | Highest |
Wondering how much you can borrow against your gold? Check your gold loan eligibility online in just a few simple steps.
You can estimate your gold's value using its weight, purity, and the gold price in Odisha.
Formula: Gold Value = Gold Weight × Gold Price per Gram.
Example: If you have 25 grams of 22K gold and the gold price in Odisha is Rs. 9,500 per gram, the estimated value of your gold is:
25 × ₹ 9,500 = ₹ 2,37,500
This is the approximate market value of your gold. The final gold loan amount depends on the applicable LTV ratio, gold purity, and the lender's valuation.
Gold rates can help you decide the right time to invest and choose an option that matches your financial goals. Physical gold offers direct ownership, while Gold ETFs provide a convenient digital investment. Sovereign Gold Bonds (SGBs) combine potential capital appreciation with interest income.
The gold price in Odisha plays an important role in determining the amount you can borrow against your gold. When gold prices increase, the value of your pledged jewellery also rises, which may increase your eligible loan amount. Bajaj Finance considers the lower of the previous day's closing price or the 30-day average closing price published by IBJA or a SEBI-regulated commodity exchange to determine the loan amount.
Your eligible loan amount depends on:
Only the pure gold content is considered while evaluating your jewellery. Stones, enamel, and other decorative elements are not included in the valuation.
The final loan amount depends on the applicable LTV ratio, the actual purity of your gold, and the lower of either the previous day's closing price or the 30-day average closing price published by IBJA or a SEBI-regulated commodity exchange. The LTV ratio must be maintained throughout the loan tenure and may be revised as per RBI guidelines and lender policies.
The loan amount is determined using the applicable LTV ratio, which varies by loan size. To know more, click here.
With Bajaj Finance, you can borrow from Rs. 5,000 to Rs. 2 crore against your gold jewellery, ornaments, and gold coins. The gold loan interest rate starts from 9.50% per annum.
Jewellery and ornaments are accepted between 18K and 22K purity. Gold coins are accepted up to 24K purity. Your gold is stored in secure vaults with insurance cover for the entire loan duration.
A few things worth knowing before you apply:
Before applying, use the gold loan calculator to estimate your eligible amount, or check your gold loan eligibility online to understand your borrowing capacity based on today's gold rate in Odisha, gold purity, and weight.
| Gold Rate in Dhar | Gold Rate in Purulia | Gold Rate in Thiruvarur |
| Gold Rate in Damoh | Gold Rate in Mandla | Gold Rate in Gudur |
| Gold Rate in Veraval | Gold Rate in Mandi | Gold Rate in Darjeeling |
Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.
For customer support, call Personal Loan IVR: 7757 000 000
