Gold prices on Monday jumped to Rs 48,320 from Rs 48, 310 per 10 gram, while silver climbed to Rs 48,510 from Rs 48,600 per kilogram, according to Good Returns website.
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, the price of 22-carat gold slid to Rs 47,120 per 10 gram, and in Chennai to Rs 46,240. In Mumbai, the rate was Rs 47,460, according to the Good Returns website. The price of 24-carat gold prices in Chennai came to Rs 50,850.
On MCX,