Key takeaways
The gold rate in Bhadrak is calculated using several factors, starting with the international gold price. Here's how the final price is determined:
Most jewellers and lenders in Bhadrak use the IBJA daily benchmark as the reference for the base gold price. This keeps gold rates largely consistent across the city, while making charges and jeweller margins account for most price differences.
Gold prices in Bhadrak have seen an overall rise over the past few years, although the rate has moved up and down at times. Global gold prices, changes in the rupee value and domestic demand have all played a role. Checking the today gold rate in Bhadrak helps you track how prices are moving.
| 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 |
Note: Gold rates are usually similar across cities in India because they follow national and global prices. However, the final price may differ due to making charges, transport costs and jeweller margins.
The today gold price in Bhadrak can change from day to day as global and Indian market conditions shift. The main factors include:
If you are planning to apply for a Bajaj Finance Gold Loan, the eligible loan amount is not based only on the day's gold rate.
The difference between 18K, 22K, and 24K gold lies in their purity and purpose.
| 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 |
Get the value your gold deserves. Check your gold loan eligibility and see how much you can avail based on purity and weight.
You can check the purity of gold in Bhadrak using methods such as a karat meter, acid test, XRF testing, touchstone testing, fire assay and BIS hallmarking. Each method checks the gold’s composition or purity in a different way.
Pro tip: If you own eligible gold jewellery, ornaments or coins, you can check your gold loan eligibility to understand your borrowing potential.
You can estimate the value of your gold using three key details:
Formula: Gold Value = Gold Weight × Gold Rate per Gram
Suppose you own 50 grams of 22K gold, and today's gold rate is Rs. 12,826 per gram.
50 × Rs. 12,826 = Rs. 6,41,300
This gives you the estimated market value of your gold.
Gold prices have a direct impact on the value of gold investments. When gold prices increase, the value of physical gold, Gold ETFs, and Sovereign Gold Bonds typically rises. Similarly, when gold prices decline, the value of these investments may also decrease. While each investment option has its own features and returns, their overall performance is closely linked to movements in the underlying gold price.
Gold prices can affect the amount you may be able to borrow through a gold loan in Bhadrak. When gold prices rise, the value of eligible gold jewellery, ornaments and coins may increase, which can support a higher loan amount within the applicable loan-to-value limit. If gold prices fall, the eligible loan amount may be lower. Understanding the gold rate can help you assess your borrowing options before applying. You may also need documents related to gold ownership and valuation during the loan process.
Your eligible loan amount depends on:
Only the eligible gold content is considered during valuation. Stones, enamel, and other non-gold components in your gold jewellery or ornaments are excluded.
The final loan amount depends on the eligible LTV, actual gold purity, and 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. The applicable LTV ratio varies based on the loan amount and must be maintained throughout the loan tenure, subject to RBI guidelines and lender policies. To learn more about the applicable LTV, click here.
With Bajaj Finance, you can borrow from Rs. 5,000 to Rs. 2 crore by pledging your eligible gold jewellery, ornaments, or gold coins. The gold loan interest rate starts from 9.50% per annum. Gold jewellery and ornaments with 18-22 purity are accepted, while gold coins of up to 24 karat purity are eligible. Your pledged gold is stored in secure vaults and remains insured for the entire loan tenure.
Before you apply, here are a few important things to know:
Before applying, use the gold loan calculator to estimate your eligible loan amount or check your gold loan eligibility online to understand how much you may be able to borrow based on today's gold rate in Bhadrak, your gold's purity, and its weight.
Curious about your loan eligibility? Enter your mobile number to see how much you can get for your gold.
| Gold rate in Gurgaon | Gold rate in Madurai | Gold rate in Vadodara |
| Gold rate in Chennai | Gold rate in Pune | Gold rate in Vijayawada |
| Gold rate in Kolkata | Gold rate in Visakhapatnam | Gold rate in Ludhiana |
In Bhadrak, the gold rate changes frequently, typically multiple times a day. These fluctuations in gold rates are influenced by various factors such as international gold prices, currency exchange rates, and local market demand. Jewellers in Bhadrak adjust their prices accordingly to reflect the latest market trends. Therefore, staying updated on these changes is crucial for buyers and investors to make informed decisions. Regular monitoring of the gold rate ensures accurate pricing and helps optimise gold-related transactions.
No, the gold rate in Bhadrak may not be the same as in other cities. While international and national factors such as global gold prices and currency fluctuations influence gold rates across India, local factors like demand, supply, and local taxes can cause variations. Additionally, different cities may have varying transportation costs and market conditions, leading to slight differences in gold prices. Therefore, it's essential to check the specific gold rate in Bhadrak when planning to buy gold.
The difference between 22K and 24K gold rates in Bhadrak lies in their purity and price. 24K gold is 99.9% pure and thus more expensive than 22K gold, which is 91.67% pure, mixed with alloys for added strength. Consequently, 24K gold is softer and primarily used for investment, while 22K gold is preferred for jewellery. When comparing 22 carat vs 24 carat, the higher purity of 24K gold results in a higher rate in Basavakalyan.
To check gold hallmark online in Bhadrak, visit the official BIS (Bureau of Indian Standards) website or download the BIS Care app. Enter the unique Hallmark Identification (HUID) number found on your gold item. This will provide details about the gold's purity and authenticity. Ensure you purchase gold from BIS-certified jewellers to guarantee genuine hallmarked gold. By using these online resources, you can easily check gold hallmark online and verify the quality of your gold.
Gold prices in Bhadrak have shown an overall upward trend over the past few years, with daily fluctuations driven by global gold prices, the rupee's exchange rate, import duty, and local demand. Checking daily gold rates helps you track recent movements and make informed decisions before buying, selling, or applying for a gold loan.
The gold rate in Bhadrak changes every day based on international market prices, currency movements, and domestic demand. You can check today's 18K, 22K, and 24K gold rates on this page to get the latest price before purchasing gold or estimating your gold loan eligibility.
Bajaj Finance Limited (BFL) has the sole and absolute discretion, without assigning any reason to accept or reject any application as per BFL policy. *
