Apr 26
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Gold Rate In Odisha
Odisha has rich mineral deposits. A survey conducted by GSI, few years ago, revealed presence of gold in several districts in Odisha, namely, such as Mayurbhanj, Koraput, Malkangiri and Nabarangpur. Given that India imports almost all of its Gold, port towns in Odisha tend to have slightly lower prices compared to cities. Gold is widely used during festive occasions and weddings with jewelry stores displaying a variety of traditional designs. There have been reports of many customers putting off their plans to buy the yellow metal in anticipation of a further drop in gold rates.
Gold Rate in Odisha for January 2018 to March 2018 (per gram of 24 karat gold)
| Factor | January | February | March |
| 1st day | Rs.3,009 per gram | Rs.3,146 per gram | Rs.3,143 per gram |
| Last day | Rs.3,127 per gram | Rs.3,163 per gram | Rs.3,159 per gram |
| Highest price | Rs.3,132 per gram on 29 and 30 January | Rs.3,148 per gram on 18 and 19 February | Rs.3,198 per gram on 25 and 26 March |
| Lowest price | Rs.3,000 per gram on 4 January | Rs.3,105 per gram from 11 to 13 February | Rs.3,117 per gram from 20 March |
| Trend | Incline | Incline | Incline |
| Change | 3.92% | 0.54% | 0.50% |
Gold Rate in Odisha for October 2017 to December 2017 (per gram of 24 karat gold)
| Factor | October | November | December |
| 1st day | Rs.3,040 per gram | Rs.2,974 per gram | Rs.2,982 per gram |
| Last day | Rs.2,996 per gram | Rs.2,996 per gram | Rs.3,015 per gram |
| Highest price | Rs.3,059 per gram on 14 and 15 October | Rs.3,030 per gram 18 to 20 November | Rs.3,015 per gram on 30 and 31 December |
| Lowest price | Rs.2,996 per gram on 31 October | Rs.2,974 per gram on 1 and 6 November | Rs.2,906 per gram on 13 December |
| Trend | Decline | Incline | Incline |
| Change | -1.44% | 0.73% | 1.10% |
Gold Rate in Odisha for December 2017:
- During the final month of Q4 2017, gold prices saw significant improvements.
- The month began with gold selling at Rs.2,982 per gram. But, the US government’s introduction of a new tax structure impeded gold demand as the USD surged.
- Gold rates were at their lowest on the 13th when it traded at Rs.2,906 per gram.
- As the month progressed, demand also surged. This led to gold rates surging considerably towards the final two weeks.
- Gold traded at Rs.3,015 per gram on the final day of December – marking a 1.10% incline in rates from the first day of the month.
