The price of 10 grams of 22 karat gold fell 370 rupees to 46,130 rupees on Friday. In the previous trade, gold had closed at Rs 46,500 per 10 grams.
Silver was selling at Rs 62,500 per kg, a drop of Rs 1,000, according to the Good Returns website.
Gold jewelry varies in price across India, the second largest consumer of the metal, due to excise duties, state taxes and fees.
In New Delhi and Mumbai, the price stands at Rs 46,420 and Rs 46,130 for 10 grams of gold, respectively. In Chennai, the yellow metal is selling for Rs 44,490, according to the website.
The 24 karat gold rate was reduced by Rs 370 to Rs 47,130 per 10g.
In New Delhi, the price of gold is Rs 50,450 per 10 g (24 carats), while in Mumbai it is 47,130.
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