Gold Rate Today (23 May 2025) in Rayagada

Price of Gold Today (23 May, 2025) in Rayagada, Odisha: 1 Gram 24 Carat Gold Rate is ₹ 9832, 1 Gram 22 Carat Gold Rate is ₹ 9067 and 1 Gram 18 Carat Gold Rate is ₹ 7420.

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Gold Rate Today (23 May 2025) in Rayagada

Gold Rate Today () in Rayagada, Odisha

Gold Type1 Gram Gold Rate Today5 Gram Gold Rate Today10 Gram Gold Rate Today100 Gram Gold Rate Today
24 Carat Gold₹ 9832₹ 49160₹ 98320₹ 983200
22 Carat Gold₹ 9067₹ 45335₹ 90670₹ 906700
18 Carat Gold₹ 7420₹ 37100₹ 74200₹ 742000

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Gold Price History (Last 30 days)

Date24 Carat Gold Price22 Carat Gold Price18 Carat Gold Price
22 May,2025₹ 9832₹ 9067₹ 7420
21 May,2025₹ 9832₹ 9067₹ 7420
20 May,2025₹ 9832₹ 9067₹ 7420
19 May,2025₹ 9832₹ 9067₹ 7420
18 May,2025₹ 9832₹ 9067₹ 7420
17 May,2025₹ 9832₹ 9067₹ 7420
16 May,2025₹ 9832₹ 9067₹ 7420
15 May,2025₹ 9832₹ 9067₹ 7420
14 May,2025₹ 9832₹ 9067₹ 7420
13 May,2025₹ 9832₹ 9067₹ 7420
12 May,2025₹ 9832₹ 9067₹ 7420
11 May,2025₹ 9832₹ 9067₹ 7420
10 May,2025₹ 9832₹ 9067₹ 7420
09 May,2025₹ 9832₹ 9067₹ 7420
08 May,2025₹ 9832₹ 9067₹ 7420
07 May,2025₹ 9832₹ 9067₹ 7420
06 May,2025₹ 9832₹ 9067₹ 7420
05 May,2025₹ 9832₹ 9067₹ 7420
04 May,2025₹ 9832₹ 9067₹ 7420
03 May,2025₹ 9832₹ 9067₹ 7420
02 May,2025₹ 9832₹ 9067₹ 7420
01 May,2025₹ 9832₹ 9067₹ 7420
30 Apr,2025₹ 9832₹ 9067₹ 7420
29 Apr,2025₹ 9832₹ 9067₹ 7420
28 Apr,2025₹ 9832₹ 9067₹ 7420
27 Apr,2025₹ 9832₹ 9067₹ 7420
26 Apr,2025₹ 9860₹ 9014₹ 7436
25 Apr,2025₹ 9860₹ 9014₹ 7436
24 Apr,2025₹ 9839₹ 9055₹ 7286
23 Apr,2025₹ 9839₹ 9055₹ 7286

Gold Price Trend in Rayagada, Odisha

Reasons Behind Gold Price Change

Gold holds a special place in Indian culture and tradition. For generations, it has been an integral part of weddings, festivals, and celebrations. But beyond its cultural significance, gold plays a crucial role in the country's economy and investment landscape.

Cultural Significance

In India, gold is not just a precious metal; it symbolizes wealth, prosperity, and auspiciousness. It's deeply ingrained in customs, given as gifts during weddings, festivals like Diwali, and other important occasions. Families often consider it a safeguard against financial uncertainty and a means to pass on wealth to future generations.

Economic Importance

Apart from its cultural prominence, gold holds immense economic value in India. It serves as a hedge against inflation and currency devaluation. Many Indians view gold as a reliable investment option, especially during economic instability. It's considered a tangible asset that retains value over time.

Daily Price Variations

The price of gold is not static; it fluctuates daily based on various factors. International market trends, currency rates, geopolitical events, and demand-supply dynamics influence these fluctuations. In India, the price of gold is affected by global prices along with import duties and taxes imposed by the government.

Factors Influencing Price Changes

  1. Global Market Trends: Gold prices are heavily influenced by global market trends. Factors like geopolitical tensions, economic policies of major countries, and changes in interest rates impact the price of gold worldwide.

  2. Currency Rates: Fluctuations in currency rates, especially the value of the Indian rupee against the US dollar, have a significant impact on gold prices in India as gold is traded in dollars globally.

  3. Demand and Supply: The demand for gold in India, especially during festive seasons or for jewelry-making purposes, affects its price. Additionally, changes in supply due to mining output or recycling also contribute to price fluctuations.

  4. Government Policies: Import duties and taxes imposed by the Indian government play a crucial role in determining the final price of gold in the domestic market.

Explore Gold Price in Other Cities of Odisha Today

Disclaimer: Pricedaily.in provides today Gold price data from various reliable sources, but we can't guarantee its accuracy. Please contact your local Jewellers before making a decision to purchase.

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