Gold price rises to Rs 47,890 per 10 gm, silver at Rs 70,200 a kg

In New Delhi, price of 22-carat gold increased by Rs 600 to Rs 46,800 per 10 gm, while in Chennai it rose to Rs 45,370

Gold price on Wednesday inched up by Rs 540 to Rs 47,890 from Rs 47,350, while silver price soared to Rs 70,200 per kg, according to the Good Returns website.

Gold jewellery prices vary across India, the second-largest consumer of the metal, due to differing excise duty, state taxes, and making changes in different states.

In New Delhi, the price of 22-carat gold increased by Rs 600 to Rs 46,800 per 10 gm, while in Chennai it rose to Rs 45,370. In Mumbai, the rate rose to Rs 46,890, according to the Good Returns website. The price of 24-carat gold