Gold price hovers at Rs 48,450 per 10 gm, silver climbs to Rs 48,500 a kg

Gold prices on Monday rose to Rs 48,450 from Rs 48,401 per 10 gram, while silver climbed to Rs 48,500 from Rs 48,110 per kilogram on Saturday, according to Good Returns website.

Gold jewellery price varies 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 is holding steady at Rs 47,250 per 10 gram, while in Chennai it is Rs 46,450. In Mumbai, the rate is Rs 48,300, according to the Good Returns website. The price of 24-carat gold prices in Chennai is Rs