Bhubaneswar: The price of 24-carat gold per 10 grams hit Rs 52,200 on Thursday in the twin towns of Bhubaneswar and Cuttack, in the midst of fluctuations in gold and silver prices across the nation.
Ten grams of yellow metal were sold for Rs 50,300 for 23-carat gold, compared to Rs 48,200 for 22-carat gold.
In a similar vein, the price of 20, 18, and 14-carat gold remained at Rs 43,800, Rs 39,700, and Rs 31,100, respectively.
In the meantime, Pure Ginni (gold coin) is currently being traded at Rs 40,100 on Saturday.
In contrast, one kilogram of silver costs Rs 60,000 (with GST) in Bhubaneswar.
Meanwhile, gold is being traded at Rs 5,220 per gram (GST 995) and at Rs 5,175 (Cash 995) in Cuttack.
Notably, state taxes, excise taxes, and manufacturing fees affect the price of gold in India.
Changes in international pricing affect the price of silver in India. The variation of the rupee against the dollar is another factor. Silver becomes more expensive if the currency depreciates versus its foreign counterpart and global prices remain stable.