Ten gram of 24-carat gold is selling at Rs50,950 on Wednesday, down Rs 330 since the last trade as demand dipped for the safe-haven bullion.
Ten gram of 22 carat gold is selling at Rs 46,700, down Rs 300 from Tuesday according to the Goodreturns website. One kg of silver is selling at Rs 65,000, down Rs 200 from the last trade.
In Delhi, Kolkata and Mumbai, 24-carat gold is selling at Rs 50,950. The price of 22-carat gold in these cities is Rs 46,700.
In Chennai, 24-carat gold is selling at Rs 52,230. The price of 22-carat gold is Rs 47,880 in Chennai.
The prices of gold and silver vary across the country due to excise duty, state taxes, and making charges.
In Chennai, the price of 1 kg of silver is at Rs 70,000. In Delhi, Kolkata and Mumbai, the price is at Rs 65,000.
Gold prices edged lower after Russian and Ukrainian officials held the first round of ceasefire talks, dampening demand for the safe-haven bullion, a report in Reuters said.
