Gold Rate Today in Odisha – 7 Nov 2026, 2 AM IST

The figures in the live table are bullion reference rates for Odisha, quoted per gram across 24 karat gold at 99.9 percent purity, 22 karat at 91.6 percent, 18 karat at 75 percent and 14 karat at 58.5 percent, refreshed every business day against MCX and IBJA benchmarks.

Bhubaneswar, the state capital, anchors Odisha's modern gold retail trade, while Cuttack, the state's oldest city, carries a genuinely distinctive precious metal identity: it is widely known as the Silver City of India, home to the centuries-old, GI-tagged Chandi Tarakasi silver filigree craft, practised by generations of skilled artisans working extremely fine silver wire into jewellery, temple models and ceremonial pieces. This page covers today's rate, how it is set, city-wise rates across the state, purity and hallmark verification, making charges with a worked bill example, where to buy and sell, the buying calendar, taxation and a detailed FAQ.

The weight table converts today's per gram rate into the denominations Odisha buyers transact in, from a single gram through 10 grams, 50 grams, 100 grams and a kilogram, at each of the four common purities.

Units used across the state

Odisha's retail trade runs on the gram and 10 gram denomination, with the bhori, 11.6638 grams, still referenced by some older buyers given the state's trading links to Kolkata. It is worth confirming which unit a quoted price refers to when comparing across shops, and separately for Cuttack's silver filigree work, which is priced by weight and hours of craftsmanship rather than a simple per-gram rate.

International markets quote the troy ounce, at 31.1035 grams, converted into rupee and gram terms before it reaches Odisha's retail market.

The one kilogram bar is the standard wholesale trading unit, most relevant to Bhubaneswar and Cuttack's larger bullion dealers who supply jewellers across the state.

A single day's rate tells you very little. The last ten sessions tell you whether today's print sits at the top of a run, at the bottom of a pullback, or in the middle of a flat stretch.

Read three things from the ten day table. The net movement from the earliest session to today. The high and the low, which give the trading range. And whether daily changes are small and steady or large and alternating.

For a wedding purchase this matters less than it appears, since the date is fixed well in advance. For a coin or bar purchase with no deadline, the ten day range is the cheapest timing information available.

The trend table sets today's Odisha rate against its opening and closing values over seven days, 30 days, three months, six months, the year to date and 12 months.

What each window tells you

The seven and 30 day windows capture sentiment: short term positioning, fund flows and reaction to news. The three and six month windows capture the macro cycle, principally the direction of real interest rates and the strength of the dollar. The 12 month and year to date windows capture the structural story, chiefly sustained central bank accumulation alongside steady retail demand across Asia.

Longer windows are more reliable and less actionable. A 12 month gain confirms the asset did its job in a portfolio. It says nothing useful about next week's rate.

Odisha's trend line tracks the Kolkata benchmark closely, given the state's proximity and trading links to West Bengal.

The rate follows the same five step national chain as every state, with local pricing set through Bhubaneswar and Cuttack.

Step one: the international benchmark

Gold trades continuously in US dollars per troy ounce, anchored by the London Bullion Market Association price and COMEX futures.

Step two: the rupee conversion

The dollar price converts at the prevailing USD to INR rate.

Step three: duty and levies

Basic customs duty and the Agriculture Infrastructure and Development Cess apply to landed value nationally.

Step four: the domestic benchmark

MCX and the India Bullion and Jewellers Association, headquartered in Mumbai, produce the reference figures the national trade prices from. Odisha's traders, particularly in Cuttack's silver and gold filigree trade, source much of their raw metal from Kolkata and Mumbai, and price against the Kolkata benchmark, the nearest major eastern Indian bullion hub.

Step five: why the state's rate sits where it does

Odisha is not a bullion import point, so its base rate typically runs a modest margin above Mumbai's. Within the state, the spread between Bhubaneswar, Cuttack and Rourkela is narrow, since all price off the same effective benchmark.

Seven forces account for almost all daily movement. The first four are global, the last three domestic.

Real interest rates. Gold pays no income, so it competes with interest bearing assets. When inflation adjusted yields fall, gold tends to rise.

The US dollar. Gold is priced in dollars, so a stronger dollar generally pushes the international price down and a weaker dollar lifts it.

Central bank demand. Reserve buying has been large and persistent in recent years.

Geopolitical and financial stress. Conflict, banking stress and sovereign risk push capital toward assets with no counterparty.

The rupee. A weaker rupee raises the Odisha rate independent of any move in international gold.

Seasonal demand. Raja Parba, Durga Puja, a major occasion given Odisha's proximity to Bengal, Akshaya Tritiya, Dhanteras and the wedding season concentrate retail buying, with Cuttack's Tarakasi artisans also seeing a surge in demand for silver Durga Puja tableaus ahead of the festival.

Policy. Import duty revisions and GST decisions produce one off steps in the retail price with no connection to the international market.

Every major market in Odisha prices closely off the Bhubaneswar and Cuttack benchmark, so the differences between cities are small and come from local jeweller premiums rather than the underlying rate.

• Gold rate in Bhubaneswar | the state capital and its principal modern retail hub
• Gold rate in Cuttack | widely known as the Silver City of India, home to the GI-tagged Tarakasi filigree craft
• Gold rate in Rourkela | a major steel-industry city with a growing organised retail trade

Rates for Puri, Sambalpur, Berhampur and the rest of the state track the same benchmark. If a quote in any Odisha city differs by more than a small handling margin, that difference is the jeweller's own premium, and it is negotiable.

916 is another way of writing 22 karat. It refers to 91.6 percent pure gold, with the remaining 8.4 percent made up of alloy metals that give the piece strength. On 18 karat the equivalent grade is 750, and on 14 karat it is 585.

916 carries the great majority of gold jewellery sold across Odisha, from Bhubaneswar's mainstream showroom pieces to the gold jewellery stocked alongside Cuttack's celebrated silver filigree trade. The number is not marketing language. It is the purity grade stamped by a BIS recognised assaying and hallmarking centre, and it appears alongside the BIS logo and a six character HUID.

When you check the 916 gold rate in Odisha today, you are looking at this exact purity, not the 999 rate used for coins and bars. When you resell or exchange, the 916 grade determines the gold value you are credited.

The rate on this page is the metal price. What you pay at the counter adds two things: making charges, and GST at 3 percent on the total of metal plus making.

What making charges run in Odisha

• Plain chains and machine-made pieces | roughly 8 to 12 percent
• Handcrafted traditional and bridal work | roughly 14 to 20 percent
• Cuttack Tarakasi silver filigree | priced by weight and hours of skilled handwork rather than a standard making-charge percentage, given its intricate, time-consuming craft

A worked example

Take a 10 gram 22 karat chain with 10 percent making. Metal value is 10 grams at today's 916 rate. Add 10 percent of that as making charges. Add 3 percent GST on the subtotal. The final bill is roughly 13.3 percent above the pure metal value.

Making charges are negotiable in Odisha's independent trade in both Bhubaneswar and Cuttack. Always ask for the making charge as a percentage in writing before comparing shops.

Every piece of gold jewellery sold in the notified districts of Odisha must carry three marks. Check all three before you pay.

• The BIS logo | the triangular Bureau of Indian Standards mark
• The purity grade | 916 for 22 karat, 750 for 18 karat, 585 for 14 karat
• The HUID | a six character alphanumeric code unique to the piece

Verify the HUID in the BIS Care app: enter the code and the app returns the registered purity, the article type and the hallmarking centre. If the details do not match the piece in your hand, walk away. Bhubaneswar and Cuttack both have an established network of BIS recognised assaying and hallmarking centres, so there is no reason to accept an unhallmarked gold piece in either city. Cuttack's silver filigree work follows separate purity conventions, using an alloy of 90 percent or more pure silver, worth asking about specifically.

Insist on the HUID printed on the invoice as well. It ties the bill to the piece, which matters for insurance, resale and any future dispute.

No discussion of precious metal in Odisha is complete without Cuttack, a genuinely distinctive story among the markets covered on this site.

A craft more than 500 years old

Cuttack, Odisha's oldest city, is widely known as the Silver City of India for its Chandi Tarakasi, or silver filigree work, a craft more than five centuries old that flourished under royal patronage. Skilled artisans, traditionally from the Bania caste of filigree makers, draw silver through a series of small holes to produce extremely fine wire, then shape it by hand into jewellery, temple models, decorative pieces and ceremonial Durga Puja tableaus. The craft received a Geographical Indication tag in 2024, formally recognising Cuttack as its home.

A living tradition, not a museum piece

Tarakasi remains genuinely woven into Odia life today. It is commonly bought for weddings, religious ceremonies and festivals, and Cuttack's artisans still hand-craft elaborate silver Chandi Medha backdrops for Durga Puja, a tradition that continues to draw crowds each year. Thousands of families around Cuttack are engaged in the craft, and much of the raw silver they work with is sourced from Kolkata and Mumbai.

What this means for a buyer

Tarakasi jewellery is priced by weight and by the hours of skilled handwork involved, not by a simple per-gram silver rate, so it sits outside the gold pricing on this page entirely. If you want an authentically Odia piece rather than standard gold jewellery, Cuttack's filigree workshops, concentrated in areas like Balu Bazaar and Nayasarak, are the place to look.

Odisha offers a genuinely broad jewellery trade, spanning modern retail and a centuries-old craft heritage.

The traditional markets

• Bhubaneswar's jewellery trade | the state's principal modern retail hub
• Cuttack's Balu Bazaar and Nayasarak | historic gold and silver trading streets, home to the Tarakasi filigree craft
• Rourkela | a strong secondary market serving the state's steel-industry belt

What to check wherever you buy

• BIS hallmark with HUID on every piece
• The day's rate displayed and the making charge quoted as a percentage in writing
• A proper GST invoice carrying weight, purity, rate, making and HUID
• The buyback and exchange policy in writing before the sale, not after

Certified online retail adds transparent per-piece pricing, certification and doorstep insurance-backed delivery, and for lab grown diamond jewellery set in hallmarked gold it is often the most price-efficient route across the state.

You have three honest routes and one to avoid.

Exchange at a jeweller. The most common route for upgrading old jewellery. Hallmarked pieces are credited at the day's rate for their stamped purity; unhallmarked pieces are assayed first, and that deduction is where the negotiation happens.

Sale to the jeweller who sold it. If the piece carries the original invoice and HUID, most established Bhubaneswar and Cuttack jewellers publish a buyback policy.

Gold loans. Widely offered by banks and NBFCs across Odisha, letting you access funds against jewellery without selling it.

Avoid unlicensed street buyers, whatever rate they promise. Weighing and purity testing you cannot observe is where sellers lose money.

Gold buying in Odisha follows the Odia festive calendar, layered with the national buying peaks.

• Raja Parba | a distinctive Odia festival celebrating womanhood and the onset of monsoon, a traditional gifting occasion
• Durga Puja | a major buying and gifting occasion, felt with particular intensity given the state's proximity to West Bengal, and the peak season for Cuttack's Tarakasi silver Chandi Medha commissions
• Akshaya Tritiya, Dhanteras and Diwali | the national gold buying peaks
• Wedding season | roughly November to February, when bridal sets dominate purchases

Two practical notes. Festive days concentrate demand, so premiums and making charge discounts both move; the headline rate does not become cheaper because the day is auspicious. And for a wedding purchase, buying the metal in instalments across the preceding months converts an impossible timing decision into a simple averaging plan.

Taxes on gold are set nationally, so nothing here is specific to Odisha, but three layers matter to every buyer.

At purchase. GST at 3 percent applies on the value of the metal plus making charges. On imported metal, customs duty and cess are already inside the quoted rate before GST is added.

At sale. Profit on physical gold held over the qualifying period is taxed as long term capital gains; shorter holdings are taxed at your slab rate. The invoice from your original purchase establishes the cost basis, which is one more reason to keep it.

Large cash purchases. PAN is mandatory above the prescribed transaction threshold, and jewellers report high value cash transactions. Paying digitally with a proper invoice is both cleaner and safer.

None of this is tax advice; thresholds and rates change with the Finance Act. For a large transaction, confirm the current rules with a chartered accountant before you buy or sell.

Gold is a store of value with no counterparty, which is why Indian households hold more of it than any other population on earth. That does not make it riskless. The rupee price swings, sometimes sharply, and long flat stretches have followed every major rally.

What gold does reliably is diversify. It tends to hold or gain value precisely when financial assets are under stress, which is the moment diversification is worth having. Most advisers land somewhere between 5 and 15 percent of a portfolio in gold, held for years rather than traded.

The form matters as much as the timing. Coins and bars carry minimal making cost and recover the most value on exit. Jewellery carries making charges you do not recover, so it is part ornament and part investment, and in Odisha, Cuttack's Tarakasi silver work deserves separate consideration given its genuine craft and cultural value beyond raw metal weight. Paper routes, gold ETFs and mutual funds, remove storage risk entirely.

For most Odisha households the practical answer is a mix: ornament gold bought for weddings and festivals, and simple, easily verified investment gold, coins or small bars, bought as savings.

Konark's 13th century Sun Temple, Puri's Jagannath Temple and Bhubaneswar together form what tourism circles call Odisha's Golden Triangle, drawing steady pilgrim and tourist traffic that supports jewellery and craft retail across the region.

This heritage tourism economy runs alongside Odisha's mainstream gold retail, adding a genuinely distinctive religious and cultural dimension to demand in the coastal belt.

Puri's Jagannath Temple, one of India's four original Char Dham pilgrimage sites, anchors a devotional culture across Odisha where gold offerings and jewellery gifted around temple festivals carry deep religious significance.

The temple hosts 24 festivals a year, 13 of them major, and this devotional calendar shapes gold buying patterns across the state well beyond the mainstream national festival dates.

The Rath Yatra chariot festival, held every June or July at Puri, draws over a million pilgrims to witness Lord Jagannath's chariot procession, one of Odisha's biggest annual religious and economic events.

Jewellers across the state see a genuine uplift in gold buying tied to this period, alongside the temple's other major festivals through the year.

Akshaya Tritiya carries a double significance in Odisha, since it marks not only the nationally auspicious day for buying gold, but also the day construction begins on the ceremonial chariots for Puri's Rath Yatra.

This dual meaning gives Akshaya Tritiya a genuinely heightened cultural weight for gold buyers across the state compared with most other regions of India.

Bhubaneswar, Odisha's capital, is known as the Temple City of India for its hundreds of ancient temples, most notably the Lingaraja Temple, and functions as the state's principal commercial and administrative hub.

This makes Bhubaneswar a natural centre for gold wholesale and retail trade reaching the rest of Odisha, alongside its temple festival calendar.

Wedding season demand for gold jewellery peaks across Odisha alongside the broader national wedding calendar, with Odia customs typically pairing gold gifting with the region's own ceremonial traditions.

Jewellers typically stock their widest bridal gold range in the weeks leading into this window, alongside their preparations for Rath Yatra and the major Puja festivals later in the year.

Nuakhai, the harvest festival celebrated widely across western Odisha districts like Sambalpur and Bolangir, is an important occasion for new purchases and gifting among farming communities, adding a regionally distinct peak to the state's buying calendar.

Alongside Rath Yatra and Diwali, Nuakhai gives Odisha's jewellers a genuinely varied set of annual occasions to plan stock and staffing around.

Gold in India traded around 26,000 to 29,000 rupees per 10 grams in 2015 and 2016 for 24 karat purity, crossed 50,000 rupees per 10 grams in 2020, and reached around 62,000 to 65,000 rupees per 10 grams by 2023.

Gold's rise accelerated through 2024 and 2025, crossing 1,00,000 rupees per 10 grams during 2025. Odisha's rates, priced off the national IBJA benchmark, have tracked this national curve throughout.

Gold demand is driven overwhelmingly by investment and central bank reserves rather than industrial use. Central banks worldwide, including the Reserve Bank of India, have been consistent net buyers in recent years.

India remains one of the world's largest gold consumers and imports the large majority of its requirement, making national import duty and policy a genuine influence on domestic prices, including in Odisha.

Gold is generally less volatile than silver day to day, since it lacks silver's industrial demand component. Both metals have delivered strong returns over the last decade.

Equity markets have historically delivered higher long run returns than precious metals, but with far more volatility. Debt instruments give predictable, lower returns with minimal price risk.

In Odisha, gold's role in a household's savings is usually a stable, portable holding tied to weddings, temple festivals and Akshaya Tritiya gifting.

Physical gold from an Odisha jeweller gives you something to hold, gift or wear, but attracts 3 percent GST, requires safe storage, and jewellery carries making charges not recovered on resale.

Gold ETFs let you hold gold electronically without storage or GST, through a regular demat account. The Sovereign Gold Bond scheme was discontinued for new issuance.

Both physical gold and gold ETFs are taxed the same way, at 12.5 percent on long term capital gains without indexation for holdings over 12 months.

India imports the large majority of the gold it consumes, cleared through customs before reaching refiners and jewellers, including the volumes distributed into Odisha through Bhubaneswar and Cuttack.

Gold has almost no industrial demand nationally, and Odisha's own economy, running on agriculture, mining and a temple pilgrimage driven service sector, reflects this: the state's gold trade is driven entirely by retail jewellery, investment and the religious gifting calendar.

• 24 karat gold: 99.9 percent pure, used for coins and bars
• 22 karat or 916 gold: 91.6 percent pure, the traditional Indian jewellery standard
• Sona: the Odia and Hindi word commonly used for gold in local searches; chandi means silver
• Making charges: the fee a jeweller adds for crafting a piece
• HUID: the unique six digit hallmark identification number
• IBJA: the India Bullion and Jewellers Association, source of the national reference rate

As gold prices have climbed, a meaningful share of buyers here has shifted toward lighter weight pieces and more diamond or stone work relative to pure gold weight, following the same national pattern seen across India.

Odisha's largely agricultural, mining and tourism driven income base means this shift shows up as design adjustment rather than buyers skipping wedding and festival purchases altogether.

Gold retail in Odisha is shaped decisively by the state's devotional culture centred on Puri's Jagannath Temple, its mining and agricultural economy, and Cuttack's centuries old Tarakasi silver filigree craft tradition.

This combination gives Odisha's gold market a genuinely distinct character among Indian states, shaped by temple festivals as much as by mainstream national occasions.

Gold and property serve fundamentally different purposes. Property in Bhubaneswar or coastal Odisha, which also carries cyclone related construction considerations, requires a large upfront commitment and is illiquid. Gold can be bought and sold in small increments and converted to cash within minutes.

Most households in Odisha do not choose between the two. Property tends to serve as a long term family asset, while gold serves as a portable, liquid store of wealth for weddings and emergencies alike.

If you are in Odisha and considering a gold or lab grown diamond jewellery purchase, Lucira offers hallmarked gold and certified lab grown diamond pieces with transparent, itemised pricing and doorstep delivery, so you can compare designs and pricing without needing to visit multiple local shops in person.

Every Lucira piece is priced against the live daily rate shown on this page, with making charges and certification costs shown separately.

A proper invoice from an Odisha jeweller should show the net gold weight in grams, the karat purity, the rate applied per gram that day, the making charge, and GST at 3 percent applied on the metal plus making charge combined.

If a piece carries stones, the invoice should state the net gold weight separately from the gross weight. A hallmarked piece should also show the HUID number, verifiable through the BIS CARE app.

• A quoted rate below the day's published benchmark, which usually means lower purity than claimed
• Gross weight billed as if it were net gold weight on stone set pieces
• Making charges quoted verbally but not itemised on the final bill

Always confirm the current BIS hallmark and HUID independently through the BIS CARE app rather than taking a seller's word for it.

Gold does not tarnish, but secure storage still matters given its value density. A bank locker in Bhubaneswar or Cuttack remains the most secure option for larger holdings.

A home safe is a reasonable middle ground for smaller quantities. Keep your original purchase invoice with your stored gold, since it establishes purity, weight and cost basis if you need to sell or claim insurance later.

Many jewellers across Odisha offer monthly instalment schemes where you deposit a fixed amount each month for around 11 months, with a bonus instalment added at the end.

Before joining one, confirm in writing whether redemption is locked at deposit day rates or redemption day rates, and check whether the bonus is forfeited if you exit early.

Under rules applicable for financial year 2025 to 2026, profit on physical gold or gold ETFs held for more than 12 months is taxed as long term capital gains at 12.5 percent without indexation. Holdings sold within 12 months are taxed at your income tax slab rate.

Your gain is calculated as the sale price minus your original purchase cost, including making charges, which is why keeping your original invoice matters. Confirm current rules with a chartered accountant before a large sale.

There is no legal ceiling on gold ownership in India. CBDT safe harbour limits allow a married woman up to 500 grams, an unmarried woman up to 250 grams, and a man up to 100 grams without seizure during a tax search, even without documentation.

Cash payments for a single gold purchase above the prescribed threshold require your PAN card, and payments above two lakh rupees in cash for a single transaction are not permitted regardless of PAN.

For cash purchases above the prescribed threshold, you must furnish your PAN card. Always insist on a GST compliant invoice listing weight, purity, rate and making charge.

Payments above two lakh rupees in cash for a single transaction are not permitted regardless of PAN.

Gold jewellery typically attracts a melting or deduction charge at resale, so ask any Odisha jeweller for their exact deduction policy in advance.

This deduction lowers the effective return on jewellery compared with reselling 24 karat coins or bars, which typically carry little to no deduction.

Several apps offer digital gold purchases that track the live rate without requiring physical storage, available in Odisha the same as anywhere else in India.

Digital gold typically carries a small spread between buy and sell prices, and is best suited to buyers who want gold price exposure without visiting a jeweller.

• Jewellery from an Odisha jeweller: wearable and giftable, but making charges reduce resale value
• 24 karat coins and bars: lowest making cost, best for pure savings
• Gold ETFs: no storage or GST, held in a demat account

Most households here use a mix, wedding and festival jewellery for cultural occasions, and coins, bars or ETFs for pure savings.