Amid fluctuation in gold and silver prices across the country, the price for 23-carat gold per 10 gram with GST reached Rs 52,500 in Bhubaneswar on Friday with a decrease of Rs 350 from yesterday’s price.
For 23-carat, the price of 10 grams of yellow metal is Rs 50,600 while the rate of 22-carat gold has reached Rs 49,600.
Similarly, the rate of 20, 18 and 14-carat gold remained at Rs 44800, Rs 40600 and Rs 32200 respectively. Pure Ginni (gold coin) is being traded at Rs 40,900.
On the other hand, one kilogram of silver is being sold at Rs 63,900 (With GST) in Bhubaneswar, following a decrease of Rs 400 from Wednesday’s price of Rs 64,300.
The rates of gold and silver may vary as per MCX and from dealer to dealer.
Gold is generally used as a hedge against inflation, high inflation rates have made gold prices highly volatile in the last few weeks.