According to the Good Returns website, gold prices today remained steady at Rs 48,350 per 10 grams, while silver declined to Rs 48,550 from Rs 48,600 per kg.
The prices of gold jewelery vary in India due to the imposition of excise, state tax and duties.
In New Delhi, the price of 22 carat gold closed at Rs 47,150 per 10 grams and in Chennai at Rs 46,270. According to the Good Returns website, the rate in Mumbai was Rs 46,500. The 24-carat gold price in Chennai was Rs 50,880.
August futures on MCX fell 0.23 percent to Rs 48,046 per 10 grams. Silver July futures also fell to Rs 49,177 per kg.
Yellow metal imports stood at $ 8.75 billion in the same period of 2019-20. The decline in gold imports has helped reduce the country's trade deficit, the gap between imports and exports, during the period at $ 9.91 billion, up from $ 30.7 billion a year earlier.