Bhubaneswar: Gold prices in Odisha’s capital witnessed a sharp jump on Wednesday as markets reacted positively to US President Donald Trump’s announcement of a two-week ceasefire with Iran, which has temporarily eased geopolitical tensions in West Asia.
According to data from Goodreturns and other tracking platforms like Upstox, the price of 24-carat gold per gram in Bhubaneswar cli
mbed to Rs15,382–15,385, marking a significant increase of about Rs 398 (roughly 2.66%) from the previous day. Similarly, 22-carat gold rose by Rs 365 to Rs 14,100–14,103 per gram, while 18-carat gold jewellery prices increased by Rs 299 to Rs 11,537 per gram.
This uptick aligned with broader national and international trends, where spot gold has gained 2–3% or more globally amid the developments.
The surge in the yellow metal came even as Monetary Policy Committee (MPC) of Reserve Bank of India voted unanimously to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 5.25%. Silver prices, however, remain unchanged at Rs 249 per gram. The easing geo-political tensions also reflected in the strong opening registered at the stock market.