The price of 22-carat gold on Monday slid to Rs 46,810 for 10 gm from Rs 46,980 on Friday and silver was trading at Rs 69,300 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 was up by Rs 100 to Rs 48,900 per 10 gm. In Chennai, it slid to Rs 45,260. The rate in Mumbai was Rs 46,810, according to the website.
Prices for 24-carat gold declined to Rs 47,810