Gold price on Monday fell to Rs 48,900 from Rs 52,420, while the silver price was trending at Rs 48,910 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 charges.
In New Delhi, the gold price of 22-carat gold is at Rs 48,130 per 10 gm, while in Chennai it fell to Rs 46,070. In Mumbai, the rate was Rs 47,900 according to the Good Returns website. The price of 24-carat gold in Chennai was Rs 50,260 per 10 gm.
Silver prices