silver price soared to Rs 70,200 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 increased by Rs 600 to Rs 46,800 per 10 gm, while in Chennai it rose to Rs 45,370. In Mumbai, the rate rose to Rs 46,890, according to the Good Returns website.
The price of 24-carat gold in Chennai was Rs 48,450 per 10 gm Rs 820 more than yesterday. In the international market, Gold jumped 1 per cent to a one-week high on Tuesday, as a sliding dollar and hopes of more US fiscal stimulus bolstered its appeal among investors seeking an inflation hedge.
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.
Bullion prices declined on stronger dollar and positive economic data from US, while base metals witnessed muted trading ahead of Chinese holidays. The dollar index ended up by 0.39 per cent for the day.