Gold price dips to Rs 49,267 per 10 gram; silver at Rs 52,085 per kg

Price of 22-carat gold in New Delhi at Rs 47,950 per 10 gram

Gold prices slumped to Rs 49,267 from Rs 49,318 per 10 gram while silver prices also dipped to trade at Rs 52,085 per kg, according to Indian Bullion and Jewellers Association. 

Gold jewellery prices vary across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making charges.

In New Delhi, the price of 22-carat gold held steady at Rs 47,950 per 10 gram. 24-carat in the national capital was retailing at Rs 49,150. In Chennai 22-carat traded at Rs 47,180 while the price of 24-carat gold price in Chennai was at Rs 51,470. In Mumbai,