Amid the fluctuation in gold and silver rates across the country, the price for 24-carat gold per 10 gram has reached Rs 51,950 on Wednesday in twin cities of Bhubaneswar and Cuttack with a fall of Rs 150 from yesterday’s price.
For 23-carat, the price of 10 grams of yellow metal is Rs 50,100 while the rate of 22-carat gold has reached 49,100. Similarly, the rate of 20, 18 and 14-carat gold remained at Rs 44300, Rs 40100 and Rs 31800 respectively, while pure Ginni (gold coin) is being traded at Rs 40400.
Meanwhile, gold is being traded at Rs 5,200 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 62,300 (With GST) in Bhubaneswar, following a decrease of Rs 100 from Tuesday’s price of Rs 62,400 .
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 per cent 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.