Gold prices on Monday jumped to Rs 48,948 from Rs 48,888 per 10 gram, while silver prices edged marginally lower to trade at Rs 51,740 from Rs 51,745 per kg, acording to India Bullion and Jewellers Association.
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 inched upwards to Rs 47,910 per 10 gram. Gold in 24 carat in the national capital was retailing at Rs 49,110. In Chennai 22-carat traded at Rs 47,040 while the price of 24-carat gold