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Gold Price In Cuttack
Cuttack is perhaps one of the oldest cities in the country, occupying an important position in the history of northern India. A bustling metropolis, today Cuttack is the second largest city of Odisha and has a teeming population. The city was the capital of the Ganga Dynasty and served as a key trading and commerce destination, making it a prosperous and important city. This trade and commerce helped the residents grow their wealth, with gold becoming an integral unit of money and a part of life here.
Today, gold is viewed as an excellent investment option in the city, with a number of people purchasing it on auspicious occasions. Given the fact that the city does not have local gold production, residents rely on imported gold, which means that international prices have an impact on local gold rates in Cuttack.
Trend of Gold Rate in Cuttack for April 2020 to June 2020 (per gram of 24 karat gold)
|1st Day||Rs.4,263 per gram||Rs.4,699 per gram||Rs.4,799 per gram|
|Last Day||Rs.4,761 per gram||Rs.4,799 per gram||Rs.5,005 per gram|
|Highest Price||Rs.4,846 per gram on 29 April||Rs.4,799 per gram on 31 May||Rs.5,013 per gram on 25 June and 26 June|
|Lowest Price||Rs.4,263 per gram from 1 April to 20 April||Rs.4,646 per gram on 2 May||Rs.4,788 per gram from 8 June to 10 June|
Trend of Gold Rate in Cuttack for January 2020 to March 2020 (per gram of 24 karat gold)
|1st Day||Rs.4,027 per gram||Rs.4,199 per gram||Rs.4,303 per gram|
|Last Day||Rs.4,199 per gram||Rs.4,377 per gram||Rs.4,263 per gram|
|Highest Price||Rs.4,251 per gram on 9 January||Rs.4,436 per gram on 25 February||Rs.4,583 per gram on 7 March|
|Lowest Price||Rs.4,027 per gram on 1 January||Rs.4,160 per gram on 7 February||Rs.4,158 per gram on 18 March 2020|
Find Today's Gold Rate in Top Metro Cities
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Gold investment avenues in Cuttack
Gold is a key component in the Indian way of life, with people considering it auspicious. Most Indian celebrations are incomplete without gold, with gold sales peaking during festivals and weddings. Today, gold is also viewed as an excellent investment option, providing a safety net against market fluctuations, making it popular among the residents here.
Market trade – New technology has made it possible for people to purchase gold from the comfort of their homes, with E-gold, futures contracts and ETFs providing an avenue to trade in it. Trading in gold comes with an element of risk and individuals should consider it before investing. One can participate in E-gold trade through the National Spot Exchange while gold ETFs can be traded on the Mumbai Stock Exchange.
Over-the-counter – Over-the-counter purchase of gold remains the most popular form of buying gold, with banks and jewellers across the city offering a number of products for every budget. Gold coins, bars and jewellery are some of the popular means of purchasing gold, with bars and coins typically purchased only as an investment. Gold jewellery can be purchased for different purposes and can be resold, offering liquidity. Well known national jewellery brands have a presence in the city and combined with local jewellers, they provide a plethora of products at different rates. Typically, gold purchased from banks can cost more on account of purity certificates.
Also Check Gold Price in NearBy Cities of Cuttack
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|Gold Rate In Kolkata||Gold Rate In Jamshedpur||Gold Rate In Rajahmundry|
- Also Check: Gold Rate in Odisha