- Today's gold rate in Cuttack can help buyers check the current market price before purchasing or selling gold.
- Historical gold rates help track long-term price trends and identify suitable opportunities for buying, selling, or investing.
- Gold purity affects pricing, with 24K generally preferred for investment, 22K commonly used for jewellery, and 18K suited to everyday and designer jewellery.
- Gold prices can affect gold loan eligibility, as a higher gold value may support a higher loan amount against pledged gold.
- Regularly tracking gold rates can help buyers and investors make informed financial and investment decisions.
Gold Rate in Cuttack Today
Key takeaways
How gold price calculation works in Cuttack
The gold rate you see at a jeweller in Cuttack is calculated through a series of steps, starting with global gold prices and ending with local charges. Here's how today's gold rate is determined:
- International gold price: Gold is traded globally in US dollars per troy ounce, which forms the base price.
- USD to INR conversion: The international price is converted into Indian Rupees using the prevailing USD-INR exchange rate. A weaker rupee increases the domestic gold price.
- Purity adjustment: The per-ounce price is converted into a per-gram rate and adjusted according to purity. For example, 24K gold has 99.9% purity, while 22K gold has 91.6% purity.
- Import duty: Since India imports most of its gold, the applicable import duty is added to the price.
- GST: A 3% GST is charged on the value of gold, while a 5% GST is levied on making charges.
- Making charges and jeweller's margin: The final retail price includes the cost of craftsmanship, design and the jeweller's profit margin.
Most jewellers and lenders in Cuttack use the daily benchmark published by the Indian Bullion and Jewellers Association (IBJA) as the base gold price. Final prices may vary between jewellers due to differences in making charges and profit margins.
Find out the value your gold can unlock. Check your gold loan eligibility for a quick estimate of your eligible loan amount.
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Past trends of gold rate in Cuttack
Gold prices in Cuttack have increased steadily over the years due to global trends and rising demand. Studying past prices helps buyers understand market movements and plan better investments.
| Year | Price (24 Carat per 10 grams) |
| 2025 | Rs. 1,05,000 to Rs. 1,30,000 |
| 2024 | Rs. 77,913.00 |
| 2023 | Rs. 65,330.00 |
| 2022 | Rs. 52,670.00 |
| 2021 | Rs. 48,720.00 |
| 2020 | Rs. 48,651.00 |
| 2019 | Rs. 35,220.00 |
| 2018 | Rs. 31,438.00 |
| 2017 | Rs. 29,667.50 |
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Key factors influencing the gold rate in Cuttack
The method used to calculate gold prices remains the same every day, but the factors influencing the price keep changing. Here are the key factors that affect gold rates in Cuttack:
- International gold prices: Global gold prices form the base of domestic rates. Any rise or fall in international prices directly affects gold rates in Cuttack.
- USD-INR exchange rate: Since India imports most of its gold, a weaker rupee increases the cost of imported gold, leading to higher domestic prices.
- RBI monetary policy: Changes in interest rates and monetary policy can influence investor demand for gold, affecting its market price.
- Local demand: Gold demand often increases during weddings, festivals and traditional celebrations in Cuttack, which may cause slight variations in retail prices across jewellers.
- Global economic conditions: Inflation, geopolitical events and economic uncertainty generally increase demand for gold as a safe-haven asset, while stable conditions may ease prices.
As gold prices in Cuttack respond to global factors, your borrowing capacity may vary. Check your gold loan eligibility now and make an informed decision.
What is the difference between 18K, 22K, and 24K gold?
Gold purity is measured in karats, with higher karat values indicating a higher proportion of pure gold. The purity also affects the applicable gold rate in Cuttack. Today’s 22 carat gold rate in Cuttack is particularly relevant for jewellery buyers, as 22K gold is widely used for making ornaments.
- 24 carat gold has 99.9% purity and is primarily preferred for investment in gold bars and coins.
- 22 carat gold has 91.6% purity and is commonly used for traditional jewellery. It is also known as 916 gold, so buyers checking the 916 gold price in Cuttack today can refer to the prevailing 22K gold rate.
- 18 carat gold has 75% purity and is commonly used for designer, diamond and everyday-wear jewellery.
| Parameter | 18K Gold | 22K Gold | 24K Gold |
| Purity | 75% | 91.6% | 99.9% |
| Strength | Highest | High | Lower |
Common Use | Designer and diamond jewellery | Traditional jewellery | Coins and investment bars |
| Price | Lowest | Higher | Highest |
Ways to check gold purity in Cuttack
Checking the gold purity is important before buying or selling in the Cuttack gold market. There are a few simple methods that can help you get a basic idea of gold purity, but for exact results, it is best to consult a certified jeweller.
- Hallmark check: Look for the BIS hallmark on gold or stamps that show the purity level.
- Visual inspection: Look for discolouration or signs of fading, which may indicate impurities.
- Magnetic test: Pure gold is not magnetic, so it will not stick to a magnet.
- Nitric acid test: This test uses chemicals and should only be done by a professional.
While these methods provide basic insights, visiting a trusted expert in the Cuttack gold market ensures accurate testing and better buying decisions.
As gold prices in Cuttack respond to global factors, your borrowing capacity may vary. Check your gold loan eligibility now and make an informed decision.
How can you calculate the value of your gold?
The value of your gold depends on three main factors:
- Gold weight
- Gold purity
- Current gold rate
The gold price today in Cuttack can be used along with the weight and purity of your gold to estimate its current value.
Gold value formula:
Gold Value = Gold Weight × Current Gold Rate
Example: Suppose a customer in Faridabad owns:
50 grams of 22K gold
Current 22K gold rate: Rs. 12,826 per gram
Estimated gold value: 50 × Rs. 12,826 = Rs. 6,41,300
This gives an estimated market value of your gold based on current rates.
Choosing the best gold investment option in Cuttack
Gold rates influence the value of physical gold, Gold ETFs, and Sovereign Gold Bonds (SGBs). Although these investment options differ, their value depends on gold price today in India.
Get an instant estimate of your loan amount by checking your gold loan eligibility. It is quick, secure, and easy.
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Not your nearest branch?
How gold prices affect gold loans in Cuttack
The gold rate on the day your gold asset is evaluated plays an important role in deciding your eligible loan amount. A higher gold price may increase the value of your pledged gold, while a lower gold price may reduce your borrowing capacity.
What decides your eligible loan amount?
Your gold loan eligibility depends on:
- Weight of gold
- Purity of gold
- Applicable gold rate
- Loan-to-Value (LTV) ratio
Only the actual gold content is considered during valuation. Stones, enamel work, and other decorative parts are not included.
Lenders calculate the gold value based on applicable regulatory guidelines 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.
Please note, the maximum LTV eligible for a loan depends on the loan amount and cannot be more than the limits given. To know more, click here.
Gold loan: What you should know before applying
If you are considering a gold loan anywhere in Cuttack, here are the essential details to know before you apply.
With Bajaj Finance, you can borrow fromRs. 5,000 to Rs. 2 crore against your gold jewellery, ornaments, or gold coins. The gold loan interest rate starts from 9.50% per annum.
Jewellery and ornaments are accepted between 18K and 22K purity, while gold coins are accepted up to 24K purity. Your gold is stored in secured vaults with insurance cover for the entire loan duration.
A few things worth knowing before you apply for a gold loan:
- Your loan amount is based on the weight and purity of your gold, not what you originally paid for it
- Bajaj Finance uses 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
- Only one valid KYC documents for gold loan such as an Aadhaar card, Voter ID, passport, driving licence, NREGA job card, or letter from the NPR
- You can repay interest monthly, bi-monthly, quarterly, half-yearly, or annually, with the principal or any pending interest settled at the end of the tenure
- There are no foreclosure charges, so you can close the loan early without any penalty
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 Cuttack, gold purity, and weight.
It takes just 2 steps to check your eligibility for a Bajaj Finance Gold Loan. Enter your mobile number now.
Know more about gold rates in Indian states and Union Territories
Know more about gold rates in other cities
| Gold rate in Kolkata | Gold rate in Visakhapatnam | Gold rate in Ludhiana |
| Gold rate in Ahmedabad | Gold rate in Surat | Gold rate in Nellore |
| Gold rate In Firozabad | Gold rate in Amritsar | Gold rate in Salem |
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Frequently asked questions
Gold Price
Gold Purchase
Gold Purity
What decides the price of gold in Cuttack?
The price of gold in Cuttack is determined by various factors. Global market trends, economic conditions, demand-supply dynamics, and currency fluctuations influence the gold price in Cuttack. These factors collectively shape its value, reflecting the city's economic and cultural ties to this precious metal.
How has the gold price changed recently in Cuttack?
Gold prices in Cuttack have fluctuated in recent months due to changes in international gold prices, the USD-INR exchange rate, inflation and market demand. While short-term movements are common, gold has generally shown a steady upward trend over the long term.
What is the gold rate today in Cuttack?
Today's gold rate in Cuttack varies based on the purity of gold, with separate prices for 18K, 22K and 24K gold. Since gold prices change daily, it is advisable to check the latest rate before buying jewellery, investing or applying for a gold loan.
What constitutes gold purchases in Cuttack?
Gold purchases in Cuttack encompass various factors, including purity, weight, and prevailing market rates like the gold price today in Cuttack. People of Cuttack consider these aspects to make informed decisions, ensuring they acquire genuine, valued gold while staying updated with the city's current pricing trends.
Which gold is better to buy in Cuttack – 22k or 24k?
In Cuttack, the choice between 22k and 24k gold depends on personal preferences. Consider checking gold rate today in Cuttack for 22 carat and 24 carat gold to make an informed decision based on both purity and price.
Where to buy gold in Cuttack?
Gold can be purchased from several reputed jewellers in Cuttack, such as Khimji Jewellers, Tanishq, and Lalchand Jewellers. These stores offer a range of options, from gold coins to ornate jewellery, with hallmark certification ensuring purity. Some banks also sell gold coins, although they do not buy them back. Purchasing gold online from trusted jewellers' websites is another option, but it's essential to ensure authenticity by checking for proper certification and reviews. For physical purchases, visiting a certified jeweller is recommended for a reliable and quality-assured gold-buying experience.
Which gold is best to invest in Cuttack?
When investing in gold in Cuttack, 24-carat gold is considered the best option for purity, especially for long-term investment. This form of gold is available as bars, coins, or in electronic formats such as sovereign gold bonds or gold ETFs. However, for those looking to invest in jewellery, 22-carat gold, also known as 916 gold, is popular for its balance between purity and durability. To ensure maximum value and security, it is recommended to buy hallmark-certified gold and consider current market trends before investing.
How to check 916 hallmark gold in Cuttack?
To verify the authenticity of 916 hallmarked gold in Cuttack, consumers can visit authorized hallmarking centers or jewellers equipped with karat meters.
What are the tax charges on gold purchase in Cuttack?
Gold purchases in Cuttack are subject to Goods and Services Tax (GST), currently set at 3% of the transaction value. Additionally, the gold loan GST rate may vary based on the prevailing GST rates.
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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. *