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.
Factors such as state taxes, excise duty, and making charges lead to changes in the price of gold in India.
The prices of 23-carat and 22-carat gold per 10 grams have decreased by 100 to Rs 50,000 and Rs 48,900 respectively.
Amid the fluctuation in gold and silver rates across the country, the price for 24-carat gold per 10 gram reached Rs 51,900 in Bhubaneswar on Wednesday.
Amid the fluctuation in gold and silver rates across the country, the price for 24-carat gold per 10 gram reached Rs 52,450 in Bhubaneswar on Wednesday.
Amid the fluctuation in gold and silver rates across the country, the price for 24-carat gold per 10 gram reached Rs 52,700 on Monday in Bhubaneswar with a decrease of Rs 300 from Saturday’s price.
The rupee recovered early losses to close flat at 79.84 (provisional) against the US dollar on Monday amid a strong greenback overseas and massive sell-off in equities.
For 23-carat, the price of 10 grams of yellow metal reached Rs 52,100 while the rate of 22-carat gold reached 51,000.
Similarly, the rate of 20, 18 and 14-carat gold remained at Rs 46100, Rs 41800 and Rs 33100, respectively. Pure Ginni (gold coin) is being traded at Rs 42,000 on Saturday.
Similarly, the rate of 20, 18 and 14-carat gold remained at Rs 45,500, Rs 41,200 and Rs 32,700, respectively.
For 23-carat, the price of 10 grams of yellow metal reached Rs 51,700 while the rate of 22-carat gold reached 50,600.
Similarly, the rate of 20, 18 and 14-carat gold remained at Rs 45,200, Rs 41,000 and Rs 32,400, respectively. Pure Ginni (gold coin) are being traded at Rs 41,200 on Monday.
The rupee appreciated 26 paise to close at 79.65 (provisional) against the US dollar on Thursday, tracking a firm trend in the domestic equities.
With a market situation as volatile as now with global cues not so favourable for the investors, the price for 24-carat gold per 10 gram reached Rs 52,400 on Saturday in Bhubaneswar with an increase of Rs 300 from Friday’s price.
The rates of gold and silver may vary as per MCX and from dealer to dealer.
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