Gold on fire! Prices rise by Rs 13,000 in 10 days; check gold price in Bhubaneswar

The market is on fire as gold hits record highs, yet buyers continue to crowd jewellery shops. Prices are increasing almost daily by Rs 100–Rs 200. 

In Odisha's Bhubaneswar today, 22-carat gold crossed Rs 1.13 lakh per 10 grams, while 24-carat gold has touched nearly Rs 1.40 lakh.

This consistent upward trend has continued for weeks without a pause. Not just gold but silver prices too are on the same path. 

In 2020, one kilogram of silver was priced around Rs 40,500, but now it has shot past Rs 1.60 lakh. In the last ten days alone, silver has gained more than Rs 10,000.

Experts attribute this surge to global market uncertainty, including Trump’s tariffs, the U.S. government shutdown, economic uncertainty, higher ETF inflows, a weaker dollar, and expectations of further rate cuts. However, despite the sharp rise, demand in local markets remains strong. 

Customers, especially those preparing for weddings and Diwali purchases, are still flocking to jewellery stores, determined not to miss out before prices climb even higher.

As gold and silver continue their relentless upward rally, buyers remain cautious, traders are optimistic, and analysts are closely watching the charts.