Gold prices fell for the second consecutive day to Rs 52,319 per 10 gram in line with the sell-off in international prices of the yellow metal while silver prices further dropped to Rs 66,153 per kg, according to Indian Bullion and Jewellers Association.
Gold jewellery prices vary across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making charges.
In New Delhi, prices of 22-carat gold plunged sharply to Rs 51,200 from Rs 51,850 per 10 gram in the previous trade while price of 24-carat was at Rs 55,850, down by over Rs 700. In