Gold and silver prices fall: Check rates of precious metals in Cuttack and Bhubaneswar

Amid the fluctuation in gold and silver rates across the country, the price for 24-carat gold per 10 gram reached Rs 52,250 on Wednesday in twin cities of Bhubaneswar and Cuttack with a decrease of Rs 50 as against Tuesday’s price.

For 23-carat, the price of 10 grams of yellow metal jumped to Rs 50,400 while the rate of 22-carat gold reached 49,300. Similarly, the rate of 20, 18 and 14-carat gold remained at Rs 44,600, Rs 40,400 and Rs 32,000, respectively. Pure Ginni (gold coin) was being traded at Rs 40,600 on Wednesday.

Meanwhile, gold is traded at Rs 5,220 per gram (GST 995) and Rs 5,150 (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.

On the other hand, one kilogram of silver is being sold at Rs 56,500 (With GST) in Bhubaneswar.

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

Gold in the national capital on Tuesday fell by Rs 28 to Rs 51,192 per 10 grams.

In the international market, gold was quoting lower at USD 1,727 per ounce while silver was flat at USD 18.64 per ounce.