Gold prices today jumped to 54,120 from Rs 54,110 per 10 gm, while silver rose to Rs 67,210 from Rs 67,200 per kg, according to the Good Returns website.
Gold jewellery prices vary across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making charges.
In New Delhi, the price of 22-carat gold remained at Rs 49,610 per 10 g, and in Chennai, it jumped to Rs 48,890. In Mumbai, the rate was Rs 49,510, according to the Good Returns website. The price of 24-carat gold in Chennai was Rs 53,320 per 10 gm.
On the MCX, October gold futures fell by 0.10 per cent to Rs 50,690 per 10 g, while silver September futures were up marginally to Rs 67,481 per kg.
in India have corrected sharply from their record highs of Rs 56,200 hit last month.
The Directorate of Revenue Intelligence (DRI) has arrested three people outside the Karipur airport at Kozhikode in Kerala for smuggling gold and has recovered 4.3 kilograms of compound gold.
A tweet by the Central Board of Indirect Taxes and Customs (CBIC) said that DRI officers of the Cochin Zonal Unit and Calicut (Kozhikode) Regional unit intercepted a vehicle suspected to be carrying smuggled gold, near the Karipur International Airport.
Another tweet said that the person at the wheel of the Innova vehicle rammed it into the two DRI personnel who had flagged him down. The DRI personnel, an intelligence officer, and a driver were injured and are currently receiving medical attention.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.