The gold rate in Angul 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 in Angul
In summary
- Check the gold rate in Angul before buying jewellery, investing in gold, or applying for a gold loan.
- Gold rates are available for 22K and 24K purity levels.
- Gold prices change daily due to global market trends, currency movements, taxes, and local demand.
- Higher gold prices may increase the assessed value of pledged gold.
This page covers today's gold rate in Angul, recent price trends, factors affecting gold prices, and how gold rates influence gold loan eligibility.
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How the gold price is calculated in Angul
The gold rate in Angul is calculated using the following factors:
- International gold prices: The global gold price is the starting point. If international prices increase or decrease, gold rates in Angul usually move in the same direction.
- USD-INR exchange rate: Since India imports most of its gold, the value of the Indian Rupee against the US Dollar affects the price. A weaker rupee makes gold more expensive, while a stronger rupee can reduce the cost.
- Import duties: The government levies import duties on gold brought into India, which increases the overall cost.
- GST: Goods and Services Tax (GST) is added to the gold price, contributing to the final amount paid by buyers.
- Local charges: Transportation costs, jewellers' margins, and making charges are added before the gold reaches customers, affecting the final retail gold rate in Angul.
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Historical gold price in Angul
Historical gold rates in Angul have generally followed the broader trend of gold prices in India. While short-term fluctuations occur due to economic and market conditions, gold has shown long-term value growth over the years.
| 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 |
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What affects gold rates in Angul today?
Gold rates in Angul can change throughout the year due to domestic and international market developments. The most important factors include:
- International gold prices: Gold is traded globally. Any increase or decrease in international gold prices directly affects gold rates in Angul.
- USD-INR exchange rates: India imports a significant portion of its gold. When the Indian rupee weakens against the US dollar, imported gold becomes more expensive, which can increase local gold prices.
- Import duties and GST: Import duties and GST affect the final price consumers pay for gold. Changes in these charges can influence gold rates.
- Economic and geopolitical developments: Global economic uncertainty, inflation, and geopolitical events often influence investor demand for gold, which can impact prices.
- Market sentiment: Investor activity and expectations regarding future economic conditions can contribute to short-term gold price movements.
- Local demand in Angul: Gold demand often rises during wedding seasons, festivals, and other special occasions. Increased demand can contribute to local price changes.
What is the difference between 18k, 22k and 24k gold?
Gold purity is measured in karats. Higher karat values indicate a higher proportion of pure gold.
- 18K gold contains 75% pure gold and 25% other metals. It is commonly used for diamond-studded and designer jewellery.
- 22K gold contains 91.6% pure gold and is widely used for jewellery because it offers a balance between purity and durability.
- 24K gold contains 99.9% pure gold and is generally preferred for investment purposes such as gold coins and bars.
| 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 a clear idea of your loan value by checking your gold loan eligibility. Fast approval and convenient repayment options await.
How to check gold purity in Angul
Ensuring the purity of gold is important when buying gold jewellery, investing in gold, or applying for a gold loan. Here are some commonly used methods to check gold purity:
- BIS hallmark: The BIS hallmark indicates that the gold has been tested and certified for purity according to Indian standards.
- Karat markings: Gold jewellery usually carries markings such as 18K, 22K, or 24K, which indicate its purity level.
- X-ray fluorescence testing: Many jewellers use X-ray fluorescence (XRF) machines to accurately measure gold purity without damaging the jewellery.
- Electronic gold testing: Electronic testing devices measure electrical conductivity to estimate the purity of gold quickly.
- Gold testing kits: Gold testing kits use specialised solutions to help determine the purity of gold.
By understanding these methods, buyers in Angul can make more informed decisions when purchasing or evaluating gold.
How to calculate the value of your gold in Angul?
The value of gold depends on three key factors:
- Gold weight
- Gold purity
Current gold rate
Gold value formula
Gold value = Gold weight × Current gold rate
Example gold value calculation
Suppose a customer in Angul owns:
50 grams of 22K gold
Current 22K gold rate applicable on the day of valuation
The estimated gold value can be calculated by multiplying the gold weight by the prevailing gold rate. This calculation provides an estimate of the current market value of your gold.
If you want to understand how much loan amount your gold may support, the next step is to estimate your gold loan eligibility.
What is the best investment option: physical gold, Gold ETFs, or Sovereign Gold Bonds in Angul?
The best option depends on your investment goals. Physical gold offers direct ownership but comes with storage and making charges. Gold ETFs provide easy trading without storage concerns. Sovereign Gold Bonds offer interest along with potential price appreciation, making them a suitable choice for long-term investors seeking convenience and government-backed security.
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Not your nearest branch?
How does today's gold rate affect your gold loan amount?
Gold rates directly affect the value of pledged gold and the loan amount you may be eligible to receive. A higher gold rate can increase the assessed value of the same weight and purity of gold.
The eligible loan amount changes with the daily market rate for gold a higher per-gram rate means a higher eligible loan amount for the same weight and purity.
How is gold loan eligibility calculated?
Gold loan eligibility depends on:
- Gold weight
- Gold purity
- Applicable gold rate
Loan-to-value (LTV) ratio
Under gold loan eligibility, the valuation is based only on the intrinsic value of the gold. Stones and other embellishments are not considered.
The final loan amount depends on the eligible LTV, actual gold purity, 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. To know more, click here.
Want to know how much you may be eligible to borrow based on today's gold rate in Angul? Check your gold loan eligibility online.
Gold loan: What you should know before applying
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:
- Your loan amount is based on the weight and purity of your gold, not the price you originally paid.
- 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 document is required, 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 payable at the end of the loan tenure.
- There are no foreclosure charges, so you can repay and close your loan early without any penalty.
Before applying, use the gold loan calculator to estimate your eligible loan amount, or check your gold loan eligibility online to understand your borrowing capacity based on today's gold rate in Angul, the purity of your gold, and its weight.
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Know more about gold rates in Indian states
Learn more about gold rates in other cities
| Gold Rate in Imphal | Gold Rate in Palakollu | Gold Rate in Buguda |
| Gold Rate in Kanchrapara | Gold Rate in Kopargaon | Gold Rate in Siliguri |
| Gold Rate in Barshi | Gold Rate in Pinjore | Gold Rate in Bijnor |
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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. *