Gold price slips to Rs 48,590 per 10 gm, silver trending at Rs 71,000 a kg

In New Delhi, 22-carat gold price fell by Rs 850 to Rs 47,300 per 10 gm, while in Chennai it fell to Rs 45,650

Gold price on Wednesday dipped to Rs 48,590 from Rs 49,450, while the silver price also fell by Rs 2,000 to trend at Rs 71,000 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 fell by Rs 850 to Rs 47,300 per 10 gm, while in Chennai it fell to Rs 45,650. In Mumbai, the rate dropped to Rs 47,590, according to the Good Returns website. The price of 24-carat gold in