Amid the fluctuation in gold and silver rates across the country, the price for 24-carat gold per 10 gram reached Rs 50,900 in Bhubaneswar on Wednesday.
For 23-carat, the price of 10 grams of yellow metal reached Rs 47,600 while the rate of 22-carat gold reached Rs 45,690.
Similarly, the rate of 20, 18 and 14-carat gold is at Rs 41,500, Rs 37,600 and Rs 29,400, respectively. Pure Ginni (gold coin) is being traded at Rs 38,900 on Wednesday.
Meanwhile, gold is being traded at Rs 5,090 per gram (GST 995) and at Rs 5,085 (Cash 995) in Cuttack.
On the other hand, one kilogram of silver is being sold at Rs 56,600 (with GST) in Bhubaneswar on Wednesday.
Notably, factors such as state taxes, excise duty, and making charges lead to changes in the price of gold in India.
The price of silver in India is determined by changes in prices internationally. It also depends on the movement of the rupee against the dollar.
If the rupee falls against its international counterpart and the prices remain consistent internationally, silver ends up becoming dearer.