The price of 10 gm of 22-carat gold increased by Rs 320 to Rs 45,860 on Saturday, amid a recovery in international precious metal prices and rupee depreciation. In the previous trade, the precious metal had closed at Rs 45,540 per 10 grams. Meanwhile, silver was selling at Rs 62,500 per kg: up Rs 200 from yesterday, according to the website Good Returns.
Gold jewellery price varies across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making charges.