Gold prices today in India rose to Rs 48,559 from Rs 48,534 per 10 gram while silver also made marginal gains from Rs 48,556 to settle at Rs 48,600 per kg, according to India Bullion and Jewellers Association. Despite no spike in demand, prices of the yellow metal had touched the all-time high mark on Tuesday of Rs 48,825 before dropping over Rs 250.
Gold jewellery price varies 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 declined Rs 150 per 10 gram to