Ten grams of 24 karat gold was sold on Wednesday at Rs 48,270, Rs 510 more than yesterday’s trading price. Silver was at 66,000 rupees per kilogram, the same as yesterday’s trading, according to the Good Returns website.
The price of gold jewelry varies across India, the second largest consumer of the metal, due to excise tax, state taxes, and levies.
In New Delhi and Mumbai, 10 grams of 22 karat gold was sold at Rs 47,200 and Rs 47,270.
In Chennai, the yellow metal was being sold at Rs 45,380, according to the website.
In New Delhi, the price of 10 grams of 24 karat gold was 51490 rupees. In Chennai, it is trading at Rs 49,510. Mumbai’s rate is 48,270 rupees, while Kolkata’s 50,100 rupees, according to the website.