The price of 22 karat gold on Saturday fell to Rs 45,390 per 10 grams from Rs 45,780 on Friday. Silver was at Rs 61,600 per kg, according to the Good Returns website.
The price of gold jewelry varies across India, the second largest consumer of the metal, due to excise duties, state taxes, and charges receivable.
In New Delhi, the price of 22 karat gold dropped to Rs 45,550 per 10 grams, while in Chennai it dropped to Rs 43,710. Mumbai rate is Rs 45,390, according to the website.
The price of 24 karat gold fell to Rs 46,390 per 10g on Saturday from Rs 46,780 in the trading session on Friday.
Silver, on Saturday, saw a decrease of Rs 1,200 to Rs 61,600 from Rs 62,800 per kilogram on Saturday.
The Indian rupee rose 6 paise to 73.46 against the US dollar at the open on Friday, following a firm trend in domestic stocks.
In the global market, recently released US CPI data showed a small improvement earlier, which kept the bullion market down. However, the prices of gold and silver gained in international markets.
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