Rajendra Prasad Mohapatra

Amid the fluctuation in gold and silver rates across the country, the price for 24-carat gold per 10 gram reached Rs 51,950 on Tuesday in twin cities of Bhubaneswar and Cuttack with a fall of Rs 150 from Monday’s price.

For 23-carat, the price of 10 grams of yellow metal is Rs 50,100 while the rate of 22-carat gold reached 49,100. 

Similarly, the rate of 20, 18 and 14-carat gold remained at Rs 44,400, Rs 40,200 and Rs 31,900, respectively. Pure Ginni (gold coin) is being traded at Rs 40,500.

Meanwhile, gold is traded at Rs 5,190 per gram (GST 995) and Rs 5,170 (Cash 995) in Cuttack.

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 5th August this year, declined by 0.25 per cent to Rs 50,900.00.

On the other hand, one kilogram of silver is being sold at Rs 57,500 (with GST) in Bhubaneswar. 

Silver futures, which are set to mature on 5th 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.