Gold, silver prices drop further: Check revised rates in Bhubaneswar, Cuttack on August 23

Amid the fluctuation in gold and silver rates across the country, the price for 24-carat gold per 10 gram reached Rs 53,000 on Tuesday in twin cities of Bhubaneswar and Cuttack.

For 23-carat, the price of 10 grams of yellow metal reached Rs 51,000 while the rate of 22-carat gold reached 50,000.

Similarly, the rate of 20, 18 and 14-carat gold remained at Rs 45,100, Rs 40,800 and Rs 32,100, respectively. Pure Ginni (gold coin) is being traded at Rs 41,000 on Tuesday.

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 57,100 in Bhubaneswar, following a decrease of Rs 400 from Monday’s price of Rs 57,500.

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