The price of 10 gram of 24-carat gold remained unchanged on Saturday to trade at Rs 49,970, keeping with international trend for the precious metal.
Gold of 22 carat is selling at Rs 45,800. One kg of silver is selling at Rs 62,600, down Rs 100.
In Delhi and Mumbai, 24-carat gold is selling at Rs 49,970, according to the Goodreturns website. The price for 22 carat is Rs 45,800 in both cities.
In Kolkata and Chennai, 24-carat gold is selling at Rs 49,970 and Rs 50,230.
The price for 22 carat is Rs 46,040 in Chennai and Rs 45,800 in Kolkata.
The prices of gold and silver vary across the country due to excise duty, state taxes, and making charges.
In Chennai, the price of 1 kg of silver is at Rs 66,900. In Delhi and Mumbai, the price is Rs 62,600. Silver is selling at Rs 62,600 per kg in Kolkata
Gold prices touched their highest level in two-weeks on Thursday, supported by a weaker dollar and as data showing a spike in US consumer prices boosted the metal’s appeal as a hedge against inflation.