Precious metal prices up; check gold, silver rates in Bhubaneswar and Cuttack

Amid the fluctuation in gold and silver rates across the country, the price for 24-carat gold per 10 gram reached Rs 52,400 on Thursday in twin cities of Bhubaneswar and Cuttack with an increase of Rs 200 as against Wednesday’s price.

For 23-carat, the price of 10 grams of yellow metal jumped to Rs 50,500 while the rate of 22-carat gold reached 49,500. Similarly, the rate of 20, 18 and 14-carat gold remained at Rs 44,800, Rs 40,500 and Rs 32,100, respectively. Pure Ginni (gold coin) was being traded at Rs 40,800 on Thursday.

Meanwhile, gold is being traded at Rs 5,235 per gram (GST 995) and at Rs 5,190 (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.

On the other hand, one kilogram of silver is being sold at Rs 58,800 (With GST) in Bhubaneswar, following an increase of Rs 400 from Thursday’s price of Rs 58,400.

The rates of gold and silver may vary as per MCX and from dealer to dealer.

In global markets, gold fell to its lowest in two weeks as a stronger dollar makes bullion more expensive for buyers holding other currencies. Spot gold dipped to $1,835.28 per ounce.