Gold Rate in Bhubaneswar

India is the second largest consumer of gold in the world and largely imports this precious metal to meet the domestic demand. If the Indian Rupee strengthens against the US Dollar, more gold can be purchased, and hence, the price is likely to increase.

You can invest in gold throughout India by purchasing it in physical form from retail stores or authorised banks. Alternatively, you can invest in digital gold, gold ETFs, or gold bonds.

The Bureau of Indian Standards (BIS) verifies and certifies the purity of precious metals in India. They use several tests, like X-ray fluorescence or acid testing, to ascertain the purity of the gold item. 

Remember, the rate varies based on the purity levels. For instance, the 22K or 916 hallmark gold price in Bhubaneswar is lower than the 24K gold price. You can verify this by checking the presence of the BIS hallmark. The hallmark contains details, including the BIS logo, weight, purity level, and fitness number.

The gold prices today in Bhubaneswar for 22K, 24K, and other purity levels depend on several factors, such as domestic supply and demand, global variables, government policies, etc.