Gold price on Friday slipped to Rs 47,600 from Rs 49,000, while
silver price fell by Rs 1,000 to trend at Rs 68,000 per kg, according to the Good Returns website.
Gold jewellery prices vary across India, the second-largest consumer of the metal, due to differing excise duty, state taxes, and making changes in different states. In New Delhi, the price of 22-carat gold fell by Rs 400 to Rs 46,500 per 10 gm, while in Chennai it declined to Rs 44,830. In Mumbai, the rate fell by Rs 1,400 to Rs 46,600, according to the Good Returns website. The price of 24-carat gold in Chennai was Rs 48,900 per 10 gm.