The price of gold jumped by Rs 100 per 10 gramme on Tuesday, with 24-carat gold retailing at Rs 51,430. On Tuesday, the price of silver climbed by Rs 700 per kilogramme, to Rs 62,100 per kg.
The price of 10 grammes of 22-carat gold increased by Rs 100 from the previous day’s rate, with the metal retailing for Rs 47,150.
In Delhi and Mumbai, the price of 10 grammes of 24-carat gold is the same as in Bengaluru, Hyderabad, and Kolkata, with the precious metal retailing for Rs 51,430 in these cities.
In Delhi and Mumbai, the price of 10 grammes of 22-carat gold is comparable to the price of 10 grammes of 22-carat gold in Bengaluru, Hyderabad, and Kolkata, with the metal retailing for Rs 47,150 in these cities.
However, the price of 10 kilos of 24-carat gold and 22 grammes of 22-carat gold in Chennai is higher than in other cities, at Rs 52,760 and Rs 48,370, respectively.
The price of gold varies by region, depending on factors such as excise duty, making costs, and state taxes.
1 kg of silver costs Rs 62,100 in Delhi, Mumbai, and Kolkata. Meanwhile, the precious gold is trading at Rs 66,500 per kg in Chennai, Bengaluru, and Hyderabad.