Amid the fluctuation in gold and silver prices across the country, the price for 24-karat gold per 10 grams reached Rs 52,250 on Friday in twin cities of Bhubaneswar and Cuttack with a drop of Rs 250 from Thursday’s price.
For 23 karat, the price of 10 grams of yellow metal is Rs 50,400 while the price of 22 karat gold has reached 49,400. Similarly, the price of 20, 18 and 14 karat gold remained at Rs 44,600, Rs 40,400 and Rs 32,000 respectively. Pure Ginni (gold coin) is trading at Rs 40,700.
Meanwhile, gold is trading at Rs 5,220 per gram (GST 995) and at Rs 5,190 (Cash 995) in Cuttack.
In particular, the price of gold varies for different regions based on certain parameters, such as excise duties, levies and state taxes.
Revised data from the Multi Commodity Exchange (MCX) indicates that gold futures, which expire on August 5 this year, are down 0.25 percent to Rs 50,900.00.
On the other hand, in Bhubaneswar, one kilogram of silver is sold for Rs 61,900 (with GST). Silver futures, which expire on July 5, 2022, witnessed a decline of Rs 535 or 0.88 percent and sold for Rs 61,147 per kg on the MCX against the previous close of Rs 61,411.