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 Friday in twin cities of Bhubaneswar and Cuttack with a decrease of Rs 100 from Thursday’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 45,400, Rs 41,100 and Rs 32,400, respectively. Pure Ginni (gold coin) is being traded at Rs 41, 300 on Thursday.
Meanwhile, gold is being traded at Rs 5,325 per gram (GST 995) and at Rs 5,180 (Cash 995) in Cuttack.
On the other hand, one kilogram of silver is being sold at Rs 58,400 in Bhubaneswar, following a decrease of Rs 600 from Wednesday’s price of Rs 59,000.
Notably, factors such as state taxes, excise duty, and making charges lead to changes in the price of gold in India.
In the international market, gold was trading higher at USD 1,763 per ounce while silver was trading flat at USD 19.67 per ounce.
At the interbank foreign exchange, the rupee opened at 79.75 against the US dollar, then fell to 79.76, registering a decline of 12 paise over the last close.
On Thursday, the rupee depreciated 19 paise to close at 79.64 against the US dollar.