Bhubaneswar, Dec. 23 -- Gold prices touched a record high in Bhubaneswar on Tuesday, registering a sharp rise amid strong global cues and growing investor demand for the yellow metal.

According to market sources, the price of 24-carat gold in Bhubaneswar stood at Rs 1, 38,550 per 10 grams today, marking an increase of Rs 3,270 compared to the previous day. With this steep jump within a single day, 24-carat gold has reached a record level in the local market.

Similarly, the price of 22-carat gold also witnessed a significant rise. It was selling at Rs 1, 22,000 per 10 grams in Bhubaneswar, up by Rs 3,000 from Monday's rate. Jewellers said the surge has pushed gold prices to historic highs, dampening retail demand but boosting investor in...