Gold price on Friday fell to Rs 47,900 from Rs 48,010, while silver price was trending at Rs 68,950 per kg, according to the Good Returns website.
Gold jewellery price varies across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making changes.
In New Delhi, the gold price of 22-carat gold slipped by Rs 200 to Rs 46,700 per 10 gm, while in Chennai it fell by Rs 160 to Rs 45,060. In Mumbai, the rate decreased to Rs 46,900 according to the Good Returns website. The price of 24-carat gold in Chennai also declined to Rs 49,140