Gold and silver prices increase, 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 53,650 in Bhubaneswar on Monday with an increase of Rs 250 against Tuesday’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 50,700.

Similarly, the rate of 20, 18 and 14-carat gold remained at Rs 45,800, Rs 41,500 and Rs 33,000, respectively. Pure Ginni (gold coin) is being traded at Rs 41,800 on Tuesday.

Meanwhile, gold is being traded at Rs 5,370 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 60,100 in Bhubaneswar, following an increase of Rs 1700 from Monday’s price of Rs 59,300.

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

The updated Multi Commodity Exchange (MCX) figures reveal that gold futures, which will mature on 5 October 2022, fell by 0.58 per cent to Rs 51,864.00. Silver futures, which will mature on 5 September this year, also saw a decline of 1.02 per cent and settled at Rs 57,390.00.