Gold price today: Rs 47,075 per 10 gm; silver at Rs 49,540 per kg

Gold price on Tuesday rose from Rs 47,043 to Rs 47,075 per 10 gram, while silver was recorded at Rs 49,540 per kilogram, according to India Bullion and Jewellers Association (IBJA).

The gold jewellery prices vary across India — the second largest consumer of the metal — due to excise duty, state taxes and making charges.

On MCX, July silver futures were down 0.21 per cent to Rs 50,505 per kg, said media reports.

According to website goodreturns.in, the price for 24-carat gold in New Delhi fell to Rs 47,150 from Rs 47,700 per 10 gram. Gold rate in Chennai is Rs 49,170 and Mumbai Rs 46,950.

The price of 22-carat gold is about Rs 45,950 in New Delhi per 10 gram while in Chennai, the price is at Rs 45,070. In Mumbai, it is Rs 45,950.

On Tuesday, the website had recorded the 24-carat gold price at Rs 46,950, a down of Rs 120 from previous day.

The lowest record of gold rate past month stood at Rs 45,300 on May 12, and highest price touched Rs 47,600 on May 20.

Courtesy: Business Standard