Gold, silver rates surge: Check prices of precious metals in Cuttack, Bhubaneswar

Amid the fluctuation in gold and silver rates across the country, the price for 24-carat gold per 10 gram reached Rs 52,550 on Saturday in twin cities of Bhubaneswar and Cuttack with a surge Rs 150 from Friday’s price.

For 23-carat, the price of 10 grams of yellow metal is Rs 50,700 while the rate of 22-carat gold reached Rs 49,600. 

Similarly, the rate of 20, 18 and 14-carat gold remained at Rs 44,900, Rs 40,700 and Rs 32,300, respectively. Pure Ginni (gold coin) is being traded at Rs 40,900.

Meanwhile, gold is traded at Rs 5,245 per gram (GST 995) and Rs 5,180 (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 59,300 (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.