On Thursday, 10 grams of 24-carat gold was selling at Rs 47,490, down Rs 20 from yesterday’s trading price. Silver was at Rs 64,600 per kg, up to Rs 400 from yesterday’s trading price, according to the Good Returns website.

Gold jewellery price varies across India, the second-largest metal consumer, due to excise duty, state taxes, and making changes.

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In New Delhi and Mumbai, 10 gm of 22-carat gold was sold at Rs 46,600 and Rs 46,490.

In Chennai, the yellow metal was selling at Rs 44,740. In New Delhi, the price of 10 gm of 24-carat gold was Rs 50,840. In Chennai, it is trading at Rs 48,810. The Mumbai rate is Rs 47,490, while it is Rs 49,600 in Kolkata, media reported.