According to the Good Returns website, gold prices rose from Rs 49,010 to Rs 49,010 per 10 grams on Tuesday, while silver rose from Rs 52,000 per 52 kg to Rs 52,000 per kg.
Gold prices can vary across India due to excise duty, state taxes, and levies.
The price of 22-carat gold rose to Rs 47,850 per 10 grams in New Delhi and Rs 46,960 in Chennai. According to the Good Returns website, the rate in Mumbai was Rs 48,000. The price of 24-carat gold in Chennai was Rs 51,240.
August futures on MCX rose 0.58 percent to Rs 49,148 per 10 grams. Silver jumped September futures to Rs 53,048 per kg.
MCX said in a statement, MCX received SEBI approval for the launch of Gold Mini options with Gold Mini (100g) bars.
According to preliminary data provided by the Gem and Jewelry Export Promotion Council (GJPEC), gems and jewelry exports declined by 54.79 percent to $ 2.75 billion in the April-June period. Gold jewelry exports declined by 40.72 percent to $ 237.05 million in June; The decline was 79 percent to $ 1,536.57 million for the quarter.