The gold prices today fell again for the fifth straight day from Rs 46,799 to Rs 46,290 per 10 gram, while silver price was recorded at Rs 47,000 per kilogram, according to India Bullion and Jewellers Association (IBJA).
The gold futures too dropped to 0.55 per cent on Wednesday as the country remained in lockdown to curb the spread of coronavirus.
The gold jewellery prices vary across India - the second largest consumer of the metal - due to excise duty, state taxes and making charges.
According to website goodreturns.in, the price for 24-carat gold in New Delhi was Rs 47,810 per 10 gram. Gold rate in Chennai was Rs 48,090 and Rs 46,850 in Mumbai, respectively.
The price of 22-carat gold is about Rs 46,000 in New Delhi per 10 gram while in Chennai, the price is at Rs 44,310. In Mumbai, it is Rs 45,850, as recorded on Wednesday.
Meanwhile, the rates of silver also fell Rs 800 on Wednesday, according to goodreturns.in website.
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