Gold price today fell to Rs 48,390 from Rs 45,280, while silver price was trending at Rs 67,500 per kg, according to the Good Returns website.
Gold jewellery price varies across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making changes.
In New Delhi, the price of 22-carat gold slipped to Rs 44,390 per 10 gm, while in Chennai it fell to Rs 42,490.