Today's gold price in Bhadrak 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.
Gold Rate Today in Bhadrak
In summary
- Check the today gold rate in Bhadrak across 18K, 22K, and 24K purity before purchasing gold or planning an investment.
- Gold prices in Bhadrak fluctuate daily due to international gold prices, the USD-INR exchange rate, GST, and local market demand.
- Tracking daily and historical gold rates can help you identify market trends and make informed financial decisions.
- A higher gold rate may increase the loan amount you can get against your eligible gold jewellery, subject to applicable valuation norms.
This page covers today's gold rate in Bhadrak, recent price trends, factors that affect gold prices, and how gold loans work.
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How the gold price is calculated in Bhardak
The gold rate in Bhadrak is calculated using several factors, starting with the international gold price. Here's how the final price is determined:
- International gold price: Gold is traded globally in US dollars per troy ounce, which forms the base price.
- USD-INR exchange rate: The international price is converted into Indian rupees. A weaker rupee usually increases gold prices in India.
- Gold purity: The price is adjusted according to purity. 24K gold is 99.9% pure, while 22K gold is 91.6% pure, resulting in different rates.
- Import duty: Since India imports most of its gold, applicable import duties are added to the price.
- GST: A 3% GST is charged on the gold value, while 5% GST applies to making charges.
- Making charges: Jewellers add making charges and their margins, which vary across stores.
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.
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Historical gold rate in Bhardak and past trends
Gold prices in Bhadrak have generally moved upward over the years, despite occasional short-term fluctuations. Rising global gold prices, currency movements, and domestic demand have contributed to this long-term growth.
| 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 broadly similar across cities in India because they are linked to national and international benchmark prices. Local variations mainly arise from making charges, transportation costs, and jeweller margins.
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Major Factors Affecting Gold Rates in Bhadrak
Gold prices in Bhadrak change every day due to a combination of global and domestic factors. Here are the main reasons behind these fluctuations:
- International gold prices: Global gold prices have the biggest impact on local rates. When prices rise or fall in international markets, gold rates in Bhadrak usually move in the same direction.
- US dollar and rupee exchange rate: India imports most of its gold. If the Indian rupee weakens against the US dollar, importing gold becomes more expensive, which can increase local gold prices.
- Demand during festivals and weddings: Gold demand often rises during festivals such as Akshaya Tritiya, Dhanteras, and the wedding season. Higher demand can push prices upward.
- Government taxes and import duty: Changes in import duty, GST, or other government policies can affect the final price consumers pay for gold.
- Inflation and economic conditions: During periods of high inflation or economic uncertainty, many investors buy gold as a safe-haven asset. Increased demand can lead to higher gold prices.
- Central bank purchases: When central banks increase their gold reserves, global demand rises, which can contribute to an increase in gold prices.
- Local market demand and supply: Regional demand, jewellery sales, and supply conditions in Bhadrak also influence daily gold rates, although their impact is generally smaller than global factors.
If you're planning to apply for a Bajaj Finance Gold Loan, remember that the eligible loan amount is not based only on the day's gold rate.
What is the difference between 18K, 22K, and 24K gold?
The difference between 18K, 22K, and 24K gold lies in their purity and purpose.
- 24K gold is 99.9% pure and is commonly preferred for coins and investment.
- 22K gold contains 91.6% pure gold mixed with other metals, making it suitable for jewellery.
- 18K gold contains 75% pure gold and is more durable for diamond and everyday jewellery. Whether you are checking the 24K gold price today in Bhadrak or the 22K gold price today in Bhadrak, understanding these purity levels can help you make an informed decision.
| 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.
Methods to verify gold purity in Bhardak
Common methods to check the purity of gold in Bhadrak:
- Karat meter: This is a popular electronic device used to measure the purity of gold by analysing its composition.
- Acid test: A traditional method where different acids are applied to the gold to test its reaction and ascertain its purity level.
- XRF Spectrometry: A modern, non-destructive technique that uses X-ray fluorescence to determine the metal composition of gold.
- Touchstone method: Involves rubbing the gold item on a touchstone and using a reference sample to compare the marks.
- Fire assay: The most accurate method, though less commonly used for consumer checks, involves melting the gold and separating it from impurities.
- BIS hallmarking: An official mark that certifies the purity of gold, ensuring it meets the standards set by the Bureau of Indian Standards (BIS).
Pro tip: Discover your borrowing potential by checking your gold loan eligibility. It takes just a few clicks and no waiting.
How can you calculate the value of your gold?
You can estimate the value of your gold using three key details:
- Gold weight (in grams)
- Gold purity (18K, 22K, or 24K)
- Applicable gold rate per gram
Formula:
Gold Value = Gold Weight × Gold Rate per Gram
Example:
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.
How do gold rates influence gold investments?
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.
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In summary
Why gold rates matter for gold loans in Bhadrak
The gold rate significantly impacts gold loans in Bhadrak. Higher gold prices allow borrowers to secure larger loan amounts using their gold assets. Conversely, lower gold prices can reduce the loan value. Understanding the gold rate for gold loan is essential for borrowers. Gold loan documents typically require proof of gold ownership and valuation.
Curious about your loan eligibility? Enter your mobile number to see how much you can get for your gold.
What decides your eligible loan amount?
Your eligible loan amount depends on:
- Gold weight
- Gold purity
- Applicable gold rate on the day of assessment
- Applicable Loan-to-Value (LTV) ratio
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.
Gold loan: What you should know before applying
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 18K to 22K purity are accepted, while gold coins of up to 24K 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:
- Your eligible loan amount depends on the weight and purity of your gold, not the price you originally paid.
- Bajaj Finance values your gold using 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.
- You need only one valid KYC document, such as an Aadhaar card, Voter ID, passport, driving licence, NREGA job card, or a letter issued by the National Population Register (NPR).
- You can repay interest monthly, bi-monthly, quarterly, half-yearly, or annually, with the principal payable at the end of the loan tenure.
- There are no foreclosure charges, allowing you to repay and close your loan before maturity without additional fees.
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.
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Know more about gold rates in Indian states and Union Territories
Know more about gold rate in other cities
| 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 |
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Latest RBI updates
Section | Parameter | Applicable Details |
Eligibility Criteria | Gold purity accepted | 18-22 Karat for jewellery and ornaments |
24 karat for gold coins | ||
Eligible collateral types | Gold ornaments, jewellery, and coins | |
Eligible limit for each collateral type | Ornaments | Total pledged weight across all loans must not exceed 1 kilogram |
Gold coins | The total weight of gold coins pledged cannot be more than 50 grams. | |
Gold Jewellery | As per maximum loan amount. | |
Overall exposure limit | The total loan exposure across ornaments, jewellery, and gold coins together must not exceed the maximum loan limit of Rs. 2 crore. | |
Collateral protection
| Any loss, damage, or discrepancy in the quantity or purity of your pledged gold identified during audit, return, or auction will be recorded and promptly communicated to you or your legal heirs. The reimbursement or compensation process, as per company policy and SOP, will be clearly explained. Delays in collateral release due to lender fault will attract compensation of ₹5,000 per day. | |
Gold loan renewal | Renewal parameter | You can request renewal of your gold loan before maturity if it remains in standard status and within permissible LTV limits. This facility is available only to existing customers. For bullet repayment loans, accrued interest must be cleared. Renewals are subject to credit checks, fresh applicable charges, and are not allowed after maturity. |
Gold loan top up | Top up parameter | Top-up is allowed before maturity, subject to regulatory LTV limits, credit assessment, and customer eligibility. Fresh fees and charges apply. Top-up after maturity is not permitted, even if dues are outstanding. Top up facility is available only to existing users. |
LTV (Loan to Value) | For loans up to Rs.2.5 lakh | 85% |
For loans between more than Rs.2.5 lakh to Rs.5 lakh | 80% | |
For loans from more than Rs. 5lakh to Rs. 2 crore | 75% | |
Gold Value | Evaluation parameter | As per the latest guidelines, gold loans are offered against specific purity of gold jewellery, ornaments and gold coins, valued using lower of the average closing price for your gold's specific purity over the last 30 days or the previous day's closing price, as published by IBJA or a SEBI-regulated commodity exchange, within prescribed limits and subject to KYC and timely repayment. |
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Disclaimer
Bajaj Finance Limited (BFL) has the sole and absolute discretion, without assigning any reason to accept or reject any application as per BFL policy. *