Amid the fluctuation in gold and silver rates across the country, the price of 24-carat gold per 10 gram reached Rs 57,220 on Tuesday in Bhubaneswar.
For 22-carat, the price of 10 grams of the yellow metal reached Rs 52,450 with an increase of Rs 290 from yesterday’s price of Rs 52, 160 in the capital city.
Meanwhile, 24-carat gold is being traded at Rs 5,722 per gram and 22-carat gold at Rs 5,245 in Cuttack.
On the other hand, one kilogram of silver is being sold at Rs 69,500 Bhubaneswar on Tuesday.
Notably, factors such as state taxes, excise duty, and making charges lead to changes in the price of gold in India.
The price of silver in India is determined by changes in prices internationally. It also depends on the movement of the rupee against the dollar.
If the rupee falls against its international counterpart and the prices remain consistent internationally, silver ends up becoming dearer.