Gold price on Tuesday rose from Rs 46,929 to Rs 47,043 per 10 gram, while silver was recorded at Rs 49,330 per kilogram, according to India Bullion and Jewellers Association (IBJA).
The gold jewellery prices vary across India — the second largest consumer of the metal — due to excise duty, state taxes and making charges.
The August gold futures were down 0.21 per cent to Rs 47,007 per 10 gram on MCX, their second decline in three days, said media reports.
According to website goodreturns.in, the price for 24-carat gold in New Delhi is Rs 47,700 per 10 gram.