Amid the fluctuation in gold and silver rates across the country, the price for 24-carat gold per 10 gram reached Rs 53,650 in Bhubaneswar on Friday with an increase of Rs 400 against Thursday’s price.
For 23-carat, the price of 10 grams of yellow metal reached Rs 51,700 while the rate of 22-carat gold reached 50,600.
Similarly, the rate of 20, 18 and 14-carat gold remained at Rs 45,700, Rs 41,400 and Rs 32,800, respectively. Pure Ginni (gold coin) is being traded at Rs 41,700 on Friday.
Meanwhile, gold is being traded at Rs 5,355 per gram (GST 995) and at Rs 5,210 (Cash 995) in Cuttack.
On the other hand, one kilogram of silver is being sold at Rs 60,100 in Bhubaneswar, following an increase of Rs 500 from Thursday’s price of Rs 59,600.
Notably, factors such as state taxes, excise duty, and making charges lead to changes in the price of gold in India.
The rupee depreciated 36 paise to 79.51 against the US dollar in opening trade on Thursday, as disappointing macroeconomic data and US-China tensions weighed on investor sentiment.
In the international market, gold was trading higher at USD 1,774 per ounce while silver was flat at USD 20.12 per ounce.