Gold price today at Rs 48,700 per 10 gm, silver climbs to Rs 50,000 a kg

In New Delhi, the price of 22-carat gold rises to Rs 47,500 per 10 gram, and in Chennai to Rs 46,780

Gold prices on Thursday jumped to Rs 48,700 from Rs 48,450 per 10 gram, while silver climbed to Rs 50,020 from Rs 49,200 per kilogram, according to Good Returns website.

Gold jewellery prices vary 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 rose to Rs 47,500 per 10 gram, and in Chennai to Rs 46,780. In Mumbai, the rate was Rs 46,600, according to the Good Returns website. The price of 24-carat gold prices in Chennai was at Rs 50,990. 

On MCX, August