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Check out today's gold rate in Odisha. Compare 22-carat and 24-carat gold prices per gram in Odisha & get the best value for your money.
24 Sep 2023
22-carat gold Rate
24-carat gold Rate
The trend of Gold Rate in Odisha for September 2023 (rates per gram for 22/24 carat gold)
The trend of Gold Rate in Odisha for August 2023 (rates per gram for 22/24 carat gold)
The trend of Gold Rate in Odisha for July 2023 (rates per gram for 22/24 carat gold)
The trend of Gold Rate in Odisha for June 2023 (rates per gram for 22/24 carat gold)
The trend of Gold Rate in Odisha for May 2023 (rates per gram for 22/24 carat gold)
Gold is one of the many precious metals found in the depths of our planet. It has had a very significant place even in the ancient human civilization. Gold has been used in jewellery to make various ornament for religious purposes or for personal use. This yellow metal has had a huge importance in every part of India. Most reports suggest that approximately 11% of the total gold reserves of the world are available in India. Out of these, the majority portion is not in circulation in the market as it is kept safely in the bank lockers.
There are many investment options that people can choose to invest in. These options can be traditional investment options like bank FDs, PPF, NPS and other government-backed schemes or even dynamic investment options like mutual funds, ETFs, index funds, etc. While the traditional investment options are more stable or risk-free investment options, the latter provides higher returns at comparatively more risk.
Among all the investment options available to investors, gold is an evergreen investment option. There is hardly any chance when the investment in gold can turn negative. Investors of gold can simply invest in this yellow metal and enjoy the benefits of secured investments.
Earlier, there was only one mode of investment in gold I.e., through ornaments, gold coins, or gold bars. These are the traditional modes of investing in gold that is still favoured by the majority of people in India, especially those who are risk-averse and do not like to invest in dynamic investment products.
Apart from these traditional modes of investing, the other investment options are mentioned below.
Gold ETFs are popular investment options for dynamic investors who do not wish to invest in physical gold and deal with the risks associated with it. Gold ETFs let the investor invest in a proportional value of gold without investing in the physical form of gold. Gold ETFs are traded on the stock exchanges and need only a Demat account for investment. The investment in gold ETFs is directly affected by gold prices.
Gold Mutual Funds
Gold mutual funds are another important investment option for investors who are looking to earn high returns from their investment by taking calculated risks. This investment does not require the investors to open a Demat account. The changes in gold prices do not directly impact the gold funds. Another added advantage of gold funds is investment through SIP which makes it an easy investment option even if the investor does not have huge funds that are typically needed for investment in gold jewellery or gold coins and bullions.
Sovereign Gold Bonds
Sovereign gold bonds are the gold bonds issued by the Reserve Bank of India on behalf of the Central Government. Investors can earn nominal interest on their investments. Being backed by the government, these bonds are among the safest forms of indirect investment in gold. The maximum investment that can be made under this type of investment is up to 4 kgs. Investors can invest in these bonds for a maximum period of 8 years with an exit option from the 5th year onwards.
Digital gold is a relatively new segment of investment in gold. Investors can buy small fractions of gold under this type of investment. Investors have the option to buy digital gold in amounts as low as Rs. 10. This investment can be liquidated quickly too within 2 days. Digital gold can be converted to physical gold in the form of gold coins, gold bars or gold jewellery. Investing in digital gold is quite simple and the investor will simply need the laptop and internet access and payment for the gold through an online payment mode. The purity of such gold is 24karat (99.9% purity) and the gold is held in a digital locker.
1. Is gold mined in Odisha?
A. Yes. According to the geological survey, there are approximately 18 sites of gold deposits in Odisha.
2. Aare the golds rates constant?
A. No gold rates are very dynamic in nature and are influenced due to many factors like demand and supply of gold as well as other factors like international gold prices, crude prices, etc.
3. What is the maximum investment that can be made under Sovereign gold bonds?
A. The maximum investment made under Sovereign gold binds is up to 4 kgs.
4. Can a person trade in gold through gold ETFs?
A. Yes. Gold ETFs are an excellent investment option and allow the investor to trade in gold without the hassles of physical investment in the yellow metal.
5. How can a person invest in gold mutual funds?
A. Investment in gold mutual funds can be done easily without any hassles by simply contacting the fund house through their website and making an investment there or by contacting the registered brokers that invest on behalf of the investor.
6. What are the underlying investments of gold ETFs and gold mutual funds?
A. The underlying investments of gold ETFs and gold mutual funds are the physical gold of 99.9% purity and gold ETFs respectively.
7. Is there an exit load in the case of gold ETFs?
A. No. Investors can easily exit the gold ETFs anytime without any charge of exit load.
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