Gold prices down at ₹46,660 per 10 gm, silver trading at ₹67,100 per kg
- Gold jewellery price varies across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making charges.
The price of of 10 gm of 22-carat gold fell marginally on Wednesday to trade at ₹46,660. Silver slipped ₹400 compared to Tuesday's prices to sell at ₹67,100 per kg, according to Good Returns website.
In the national capital, the 22-carat gold is trading at ₹46,750 per 10 gm. For Mumbai, the prices fell ₹210 to stand at ₹46,660 per 10 gm. The rate in Chennai is ₹45,040 per 10 gm, according to the website.
The price of 24-carat gold also declined by ₹210 to stand at ₹47,660 per 10 gm.
In the global market, the gold prices remained below the key $1,800 per-ounce level on Tuesday as investors maintained cautious stance ahead of the US Fed's key meeting this week, news agency Reuters reported.
Gold jewellery price varies across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making charges.
India is the largest importer of gold and it imports 800-900 tonnes of gold annually. The gold import into the nation is mainly done to meet the demand of the jewellery industry. Additionally, the gems and jewellery exports grew to $9.1 billion during the first three months of the current fiscal, as against $2.7 billion in the same quarter last year.