Gold, silver prices go up: Check rates of precious metals in Cuttack and Bhubaneswar

Amid the fluctuation in gold and silver rates across the country, the price for 24-carat gold per 10 gram reached Rs 53,250 in Bhubaneswar on Thursday with an increase of Rs 350 against Wednesday’s price.

For 23-carat, the price of 10 grams of yellow metal reached Rs 51,300 while the rate of 22-carat gold reached 50,300.

Similarly, the rate of 20, 18 and 14-carat gold remained at Rs 45,500, Rs 41,200 and Rs 32,600, respectively. Pure Ginni (gold coin) is being traded at Rs 41,400 on Thursday.

Meanwhile, gold is being traded at Rs 5,325 per gram (GST 995) and at Rs 5,190 (Cash 995) in Cuttack.

On the other hand, one kilogram of silver is being sold at Rs 59,600 in Bhubaneswar, following an increase of Rs 300 from Wednesday’s price of Rs 59,300.

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.