Gold and silver prices drop, check rates of precious metals in Odisha

Amid the fluctuation in gold and silver rates across the country, the price for 24-carat gold per 10 gram reached Rs 52,900 in Bhubaneswar on Monday with a decrease of Rs 200 as against Saturday's price.

For 23-carat, the price of 10 grams of yellow metal jumped to Rs 51,100 while the rate of 22-carat gold reached 50,000.

Similarly, the rate of 20, 18 and 14-carat gold remained at Rs 45,200, Rs 41,000 and Rs 32,400, respectively. Pure Ginni (gold coin) are being traded at Rs 41,200 on Monday.

Meanwhile, gold is being traded at Rs 5,300 per gram (GST 995) and at Rs 5,220 (Cash 995) in Cuttack.

On the other hand, one kilogram of silver is being sold at Rs 59,800 (With GST) in Bhubaneswar, following a decrease of Rs 200 from Saturday’s price of Rs 60,000.

Notably, factors such as state taxes, excise duty, and making charges lead to changes in the price of gold in India.

The revised Multi Commodity Exchange (MCX) data shows that gold futures, set to mature on 5 August this year, rose by 0.51 percent to Rs 50,978.00. Silver futures, set to mature on 5 September, also jumped 2.12 percent to Rs 56,005.00.