According to the Good Returns website, on Thursday, gold fell by Rs 50 to Rs 50,750 to Rs 50,800, while silver closed at Rs 62,000 per kg.
The prices of gold jewelry vary across India due to excise, state taxes, and changes which are the largest consumers of gold.
In New Delhi, the 22-carat gold price was Rs 47,650 per 10 grams, and in Chennai, it rose by Rs 10 to Rs 46,140. In Mumbai, according to the Good Returns website, the rate was reduced by Rs 50 to Rs 49,750. The price of 24-carat gold in Chennai was Rs 50,320 per 10 grams.
After several days of increase, now the price of gold is seen to be cut and the price of gold is likely to fall further. In the coming time, the price of gold may be further reduced.