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Rashmi Rekha Das

Gold, prized by investors in times of crisis as a safe haven, has experienced a marginal surge in its value in Odisha.   
The price for 24-carat gold per 10 gram reached Rs 53,700 on Saturday in twin cities of Bhubaneswar and Cuttack with a surge of Rs 350 from Friday’s price.

For 23-carat, the price of 10 grams of yellow metal is Rs 51,800 while the rate of 22-carat gold reached 50,800. Similarly, the rate of 20, 18 and 14-carat gold remained at Rs 45,900, Rs 41,600 and Rs 33,000, respectively. Pure Ginni (gold coin) is being traded at Rs 41,800.

Meanwhile, gold is being traded at Rs 5,240 per gram (GST 995) and at Rs 5,200 (Cash 995) in Cuttack.
Notably, the price of gold varies for different regions based on certain parameters such as the excise duty, making charges and the state taxes. 

The revised Multi Commodity Exchange (MCX) data indicates that gold futures, which are set to mature on 5th August this year, declined by 0.25 per cent to Rs 50,900.00.

On the other hand, one kilogram of silver is being sold at Rs 60,100 (with GST) in Bhubaneswar. Silver futures, which are set to mature on 5th July 2022, witnessed a downfall of Rs 535 or 0.88 per cent and were retailing at Rs 61,147 per kg on the MCX against the previous close of Rs 61,411.

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