Odishatv Bureau

Amid the fluctuation in gold and silver rates across the country, the price for 24-carat gold per 10 gram reached Rs 52,300 on Tuesday in twin cities of Bhubaneswar and Cuttack with a decrease of Rs 150 as against Monday’s price.

For 23-carat, the price of 10 grams of yellow metal jumped to Rs 50,500 while the rate of 22-carat gold reached 49,400. Similarly, the rate of 20, 18 and 14-carat gold remained at Rs 44,700, Rs 40,500 and Rs 32,100, respectively. Pure Ginni (gold coin) was being traded at Rs 40,700 on Tuesday.

Notably, the price of gold varies for different regions based on certain parameters such as the excise duty, making charges and the state taxes.

On the other hand, one kilogram of silver is being sold at Rs 56,500 (With GST) in Bhubaneswar, following a decrease of Rs 350 from Monday’s price of Rs 56,850.

The rates of gold and silver may vary as per MCX and from dealer to dealer.

Meanwhile, in the global markets gold prices rose on Tuesday on the back of a weaker dollar, but were stuck in a tight range as investors refrained from taking big bets ahead of a possible aggressive U.S. interest rate hike.

Spot gold was up 0.3% at $1,724.45 per ounce, as of 0311 GMT. U.S. gold futures gained 0.3% to $1,723.60 per ounce.