Gold price on Tuesday jumped to Rs 50,620 for 10 gm from Rs 50,420 and silver price is trending at Rs 69,200 per kg, according to the Good Returns website.
Gold jewellery price varies across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making changes.
In New Delhi, the price of 22-carat gold is at Rs 46,400 per 10 gm, while in Chennai it fell to Rs 44,950. The rate in Mumbai was Rs 45,070 according to the website. The price of 24-carat gold in Chennai was Rs 49,030 per 10 gm.
Gold rallied by Rs 411 to Rs 47,291 per 10 gram in the national capital on Monday reflecting strong buying in the global precious metal and rupee depreciation, according to HDFC Securities.