Cuttack, Dec 11: The price of 22-Karat gold sees a stiff fall after consecutive rise in last 48 hours as the 10 grams of the yellow metal was traded at around Rs 59,200 on Monday.

In Odisha, the price of yellow metal 22K (10 grams) traded at Rs 59,200 while the price of 20K (10 grams) stood at Rs 53,800.

Likewise, 18K gold (10 grams) stood at Rs 48,800. The price of 14K gold (10 grams) stood at Rs 38,500.

The price of silver metal also sees a fall. The price of LRS silver stood at Rs 72,300 and the price of 9999 silver stood at Rs 73,700.

It may be noted that the gold price can vary as per the MCX and dealer to dealer.

Gold is considered an important part of India's economy and social life due to its cultural significance, investment values, and its traditional role in weddings and festivals.

Notably, the gold and silver prices in India are influenced by a variety of factors, including global economic conditions, inflation rates, currency fluctuations, and local demand and supply dynamics.