Gold, silver prices drop: Check revised prices in Bhubaneswar, Cuttack on June 14

Amid the fluctuation in gold and silver rates across the country, the price for 24-carat gold per 10 gram has reached Rs 52,100 on Tuesday in twin cities of Bhubaneswar and Cuttack with a fall of Rs 100 from yesterday’s price.

For 23-carat, the price of 10 gram of yellow metal is Rs 50,300 while the rate of 22 carat gold has reached 49,200. Similarly, the rate of 20, 18 and 14 carat gold remained at Rs 44,500, Rs 40, 300 and Rs 31, 900 respectively, while pure Ginni (gold coin) is being traded at Rs 40,600.

Meanwhile, gold is being traded at Rs 5,210 per gram (GST 995) and at Rs 5,200 (Cash 995) in Cuttack.

On the other hand, the rate of 999.9 purity silver has reached Rs 62,400 per kg on Tuesday.

Notably, the price of gold varies for different regions based on certain parameters such as the excise duty, making charges and the state taxes.

The revised Multi Commodity Exchange (MCX) data indicates that gold futures which are set to mature on 5 August this year, declined by 0.25 percent to Rs 50,900.00.

Silver futures, which are set to mature on 5 July 2022 witnessed a downfall of Rs 535 or 0.88 per cent and were retailing at Rs 61,147 per kg on the MCX against the previous close of Rs 61,411.