Amid the fluctuation in gold and silver rates across the country, the price for 24-carat gold per 10 gram reached Rs 53,400 in Bhubaneswar on Saturday with a fall of Rs 250 against Friday’s price.
For 23-carat, the price of 10 grams of yellow metal reached Rs 51,400 while the rate of 22-carat gold is at Rs 50,400.
Similarly, the rate of 20, 18 and 14-carat gold remained at Rs 45,500, Rs 41,200 and Rs 32,700, respectively.
Pure Ginni (gold coin) is being traded at Rs 41,500 on Saturday.
On the other hand, one kilogram of silver is being sold at Rs 59,300 in Bhubaneswar, following a fall of Rs 800 from Thursday’s price of Rs 60,100.
Notably, factors such as state taxes, excise duty, and making charges lead to changes in the price of gold in India.
Reversing a two-session losing streak, the rupee appreciated by 16 paise to close at 79.24 against the US dollar on Friday after the Reserve Bank hiked interest rates by 50 basis points.
In the international market, gold was quoting lower at USD 1,789 per ounce while silver was flat at USD 20.13 per ounce.