Gold price soars, silver plummets; 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 53,100 in Bhubaneswar on Tuesday with an increase of Rs 200 as against Monday's price.

For 23-carat, the price of 10 grams of yellow metal jumped to Rs 51,200 while the rate of 22-carat gold reached 50,100.

Similarly, the rate of 20, 18 and 14-carat gold remained at Rs 45,300, Rs 41,100 and Rs 32,500, respectively. Pure Ginni (gold coin) are being traded at Rs 41,300 on Monday.

Meanwhile, gold is being traded at Rs 5,310 per gram (GST 995) and at Rs 5,180 (Cash 995) in Cuttack.

On the other hand, one kilogram of silver is being sold at Rs 59,700 (With GST) in Bhubaneswar, following a decrease of Rs 100 from Monday’s price of Rs 59,800.

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.