Gold prices jumped to Rs 47,960 from Rs 47,950 per 10 gram, while silver went up to Rs 48,670 from Rs 48,660 per kilogram on Saturday, according to the Good Returns.
The prices of gold jewellery vary across India, which is 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 is holding steady at Rs 46,760 per 10 gram, while in Chennai it is Rs 46,090. In Mumbai, the rate is Rs 46,860, according to Good Returns website. Prices of 24-carat gold prices in Chennai is