According to website goodreturns.in, the price for 24-carat gold in New Delhi was Rs 47,400 per 10 gram. Gold rate in Chennai was Rs 48,090 and Rs 46,900 in Mumbai, respectively.
The price of 22-carat gold is about Rs 45,600 in New Delhi per 10 gram while in Chennai, the price is at Rs 44,310. In Mumbai, it is Rs 45,900, as recorded on Thursday.
Meanwhile, the rates of silver
also rose Rs 600 per kilogram on Thursday, according to goodreturns.in website.
The price of silver
per kilogram across the country was Rs 48,500.
On Wednesday, the 24-carat gold rate was Rs 46,850, down Rs 50 from its previous day.
The lowest record of gold rate in April stood at Rs 41,670, though the overall performance was rising.
The gold-to-silver price ratio has witnessed erosion in values, with the white metal showing some strength following improved demand on lower price and stock scarcity amid lockdowns globally.
The ratio, which indicates how much silver can be bought for one ounce of gold, had tested 124 levels in March this year following weakening silver demand because of the economic slump. In the past few decades, hardly two times the ratio has touched or exceeded 100.
On the global front, gold rebounded on Thursday as deteriorating US-China relations over Beijing's move to impose a national-security law in Hong Kong fanned concerns over quick economic recovery and drove investors towards the safe-haven metal.
Spot gold was up 0.8 per cent at $1,722.70 per ounce, recovering from a two-week low of $1,693.22 touched in the previous session.
U.S. gold futures rose 0.8 per cent to $1,739.70.
Gold had dropped to its lowest in two-weeks on Wednesday as hopes of quick economic recovery drove investors towards riskier assets, although US-China tensions over Hong Kong put a floor under bullion prices.