The price for 10 gm of 22-carat gold on Thursday increased to Rs 47,080 from Rs 46,890. Silver slumped to Rs 69,200 per kg, according to the Good Returns website. Gold jewellery price varies across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making changes. In New Delhi, the price of 22-carat gold was hiked to Rs 47,050 per 10 gm. In Chennai, it was up to Rs 45,310. The Mumbai rate is Rs 47,080, according to the website. The price for 24-carat surged to Rs 48,080 per 10 gm on Thursday from Rs 47,890 in the previous trading session. Silver, on Thursday, witnessed a decline of Rs 200 to Rs 69,200 from Rs 69,400 per kilogram on Wednesday.