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 Friday in the twin cities of Bhubaneswar and Cuttack.
For 23-carat, the price of 10 grams of yellow metal reached Rs 50,400 while the rate of 22-carat gold reached Rs 48,300 respectively.
Similarly, the rate of 20, 18, and 14-carat gold witnessed mild growth in comparison to Thursday prices, and climbed to Rs 43900, Rs 39700 and Rs 31200, respectively.
Meanwhile, the Pure Ginni (gold coin) is being traded at Rs 40,100 on Friday.
On the other hand, one kilogram of silver is being sold at Rs 59,000 (with GST) in Bhubaneswar on Friday.
Meanwhile, gold is being traded at Rs 5,215 per gram (GST 995) and at Rs 5,160 (Cash 995) in Cuttack.
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.