Factors such as state taxes, excise duty, and making charges lead to changes in the price of gold in India.
Today's Gold Prices
Amid the fluctuation in gold and silver rates across the country, the price for 24-carat gold per 10 gram reached Rs 53,300 on Thursday in twin cities of Bhubaneswar and Cuttack with an increase of Rs 150 from 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 45400, Rs 41100 and Rs 32400, respectively. Pure Ginni (gold coin) is being traded at Rs 41, 300 on Thursday.
Meanwhile, gold is being traded at Rs 5,330 per gram (GST 995) and at Rs 5,230 (Cash 995) in Cuttack.
On the other hand, one kilogram of silver is being sold at Rs 57,700 in Bhubaneswar, following an increase of Rs 300 from Wednesday’s price of Rs 57,400.
Notably, factors such as state taxes, excise duty, and making charges lead to changes in the price of gold in India.
Meanwhile, in the international market, gold was trading higher at USD 1,749 per ounce while silver was flat at USD 19.11 per ounce.
"Gold prices recovered on weaker dollar and ease in US bond yields," said Tapan Patel, Senior Analyst (Commodities) at HDFC Securities.