Somatirtha Purohit

Amid the fluctuation in gold and silver rates across the country, the price for 24-carat gold per 10 gram reached Rs 50,360 on Wednesday in the Capital city of Bhubaneswar.

For 23-carat, the price of 10 gram of the yellow metal is Rs 50,500 while the rate of 22 carat gold has reached 49,500. Similarly, the rate of 20, 18 and 14 carat gold remained at Rs 44,700, Rs 40, 500 and Rs 32, 100 respectively, while pure Ginni (gold coin) is being traded at Rs 40,800.

Meanwhile, gold is being traded at Rs 5230 per gram (GST 995) and at Rs 5360 (Cash 995) in Cuttack.

On the other hand, 99.50 purity silver is being sold at Rs 52, 350 per kg, while the rate of 999.9 purity silver has reached Rs 62,900 per kg on Monday.

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

High inflation rates in the Indian market have made gold prices highly volatile in the last few days. 

Gold prices recovered from early lows following weakness in dollar index and sharp rise in euro.