Gold prices today jumped to 55,000 from Rs 54,930 per 10 gram a day before, while silver jumped to Rs 68,700 from Rs 66,600 per kg, according to Good Returns website.
Gold jewellery prices v ary 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 jumped to Rs 50,400 per 10 gram, and in Chennai to Rs 49,720. In Mumbai, the rate was Rs 50,750, according to the Good Returns website. The price of 24-carat gold in Chennai was Rs 54,200 per 10 gm.