Gold price on Tuesday jumped to Rs 49,450 from Rs 48,960, while the silver price was trending at Rs 73,000 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 price of 22-carat gold inched up by Rs 190 to Rs 48,150 per 10 gm, while in Chennai it fell to Rs 46,250. In Mumbai, the rate rose to Rs 48,450, according to the Good Returns website. The price of 24-carat gold in Chennai was Rs 50,450