The 22-carat gold price on Friday rose slightly to Rs 47,880 per 10g from Rs 47,680, while the silver price remained unchanged at Rs 71,400 per kg, Good Returns reported.
The price of gold jewelry varies in India, the second largest consumer of metal, due to excise taxes, government taxes and changes.
In New Delhi, the price of 22-carat gold fell to Rs 47,950 per 10 grams. In Chennai, it dropped to Rs 46,150. According to the website, the fare in Mumbai is Rs 47,880.
The 24-carat gold price rose Rs 200 per 10 grams to Rs 48,880 on Friday from Rs 48,680 in the previous trading session.
Silver remained unchanged at Rs 71,400 per kilogram. The Indian rupee fell 9 paise to 73.06 per dollar on Thursday amid buying in the domestic stock market.
In the global market, gold prices rose on Thursday after data showed that consumer prices in the US rose more-than-expected last month, but eased concerns over a cut in monetary support from the Federal Reserve.
Spot gold rose 0.3% to $ 1,893.75 an ounce by 1:43 pm ET (1743 GMT), hitting its lowest level since June 4 at $ 1,869.46.
US gold futures closed at 1896.40 an ounce.
Investors also analyzed the European Central Bank’s pledge to maintain a steady flow of stimulus throughout the summer at a policy meeting.
Gold prices are expected to rise in the coming weeks, while inflationary expectations remain the focus.