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The price for 22-carat gold on Monday inched lower to Rs 47,730 for 10 gm from Rs 47,880 on Friday. Silver was at Rs 72,300 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 down to Rs 47,890 per 10 gm. In Chennai, it declined to Rs 46,060. The Mumbai rate is Rs 47,730, according to the website.
The price for 24-carat gold edged lower to Rs 48,730 per 10 gm
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