Gold and silver rates today surged in Indian markets. The price for 23-carat gold per 10 gram with GST reached Rs 53,300 in Bhubaneswar on Saturday with a rise of Rs 800 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 50,300.
Similarly, the rate of 20, 18 and 14-carat gold remained at Rs 45,500, Rs 41,200 and Rs 32,700 respectively. Pure Ginni (gold coin) is being traded at Rs 41,500.
Meanwhile, gold is trading at Rs 5,330 per gram (GST 995) and Rs 5,300 (Cash 995) in Cuttack.
On the other hand, one kilogram of silver is being sold at Rs 64,300 (With GST) in Bhubaneswar.
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.