Gold Prices Soar in Bhubaneswar as US Inflation Eases

Gold prices in Bhubaneswar rose on August 13, 2026, as domestic and international bullion markets showed strength. The current price of 24-karat gold is ₹15,513 per gram, while 22-karat gold stands at ₹14,220 per gram.

In comparison to the previous update, 24K gold gained ₹27 per gram, 22K gold rose by ₹25 per gram, and 18K gold increased by ₹21 per gram. This is largely due to softer US inflation, which reduced expectations of a September Federal Reserve rate hike.

The tame US consumer inflation reading of 0.1% in July eased annual inflation to 3.4%, matching market expectations. As a result, traders are pricing in around a 40% probability of a September Fed rate hike, down from about 54% a week earlier.