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 52,600 on Thursday in twin cities of Bhubaneswar and Cuttack with an increase of Rs 350 as against Wednesday's price.

For 23-carat, the price of 10 grams of yellow metal jumped to Rs 50,700 while the rate of 22-carat gold reached 49,700.

Similarly, the rate of 20, 18 and 14-carat gold remained at Rs 44900, Rs 40700 and Rs 32200, respectively. Pure Ginni (gold coin) was being traded at Rs 40,900 on Thursday.

Meanwhile, gold is being traded at Rs 5,250 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 57,900 (With GST) in Bhubaneswar, following a increase of Rs 1,400 from Wednesday’s price of Rs 56,500.

Notably, factors such as state taxes, excise duty, and making charges lead to changes in the price of gold in India.

The revised Multi Commodity Exchange (MCX) data shows that gold futures, set to mature on 5 August this year, rose by 0.51 percent to Rs 50,978.00. Silver futures, set to mature on 5 September, also jumped 2.12 percent to Rs 56,005.00.