Gold price on Monday jumped to Rs 54,700 from Rs 53,520, while silver price was trending at Rs 70,200 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 gold price of 22-carat gold is at Rs 50,150 per 10 gm, while in Chennai it fell to Rs 48,560. In Mumbai, the rate was Rs 50,320 according to the Good Returns website. The price of 24-carat gold in Chennai was Rs 52,950 per 10 gm.
Gold gained