Factors such as state taxes, excise duty, and making charges lead to changes in the price of gold in India.
Amid the fluctuation in gold and silver rates across the country, the price for 24-carat gold per 10 gram reached Rs 52,250 on Thursday in twin cities of Bhubaneswar and Cuttack with an increase of Rs 400 from Wednesday’s price.
For 23-carat, the price of 10 grams of yellow metal reached Rs 48,900 while the rate of 22-carat gold reached 46,900.
Similarly, the rate of 20, 18 and 14-carat gold remained at Rs 42600, Rs 38300 and Rs 29900 respectively. Pure Ginni (gold coin) is traded at Rs 38,700 on Thursday.
On the other hand, one kilogram of silver is being sold at Rs 56,000 in Bhubaneswar, following an increase of Rs 2700 from Wednesday’s price of Rs 54,700.
Notably, factors such as state taxes, excise duty, and making charges lead to changes in the price of gold in India.
On Multi Commodity Exchange, gold October futures were trading Rs 16 down at Rs 50,490 per 10 grams. Silver prices were up Rs 343 or 0.6 per cent to Rs 54,370 per kg.