The gold price today in India is ₹15,940 per gram for 24-carat gold, down 0.28% from yesterday. The silver price today in India is ₹2,72,850 per kg, rising 0.69% in a split-session day.
Gold pulled away from its ₹1.60 lakh mark in early trade today, dropping 0.5% to near ₹1,58,300 on MCX. Meanwhile, MCX silver has rebounded, jumping above ₹2.71 lakh after a 1% fall yesterday. Spot gold continued to slip by 1% to struggle around $4,460 per ounce, whilst spot silver witnessed mild buying near $74 per ounce.
Today is the most important day of this week. The US Federal Reserve's FOMC minutes are due tonight. Whatever tone they strike will set the direction for gold and silver for the rest of the month.
Gold and Silver Price Today in India – Key Highlights
| Metric | Gold 24K | Silver 999 |
|---|---|---|
| Spot Price (per 10g / per kg) | ₹1,59,400 | ₹2,72,850 |
| Change vs Yesterday | 🔴 ▼ −₹440 | 🟢 ▲ +₹1,860 |
| % Change | 🔴 ▼ −0.28% | 🟢 ▲ +0.69% |
| Retail per gram | ₹15,940 (24K) | ₹273 |
| MCX Gold (June 2026) | ₹1,58,702/10g | — |
| MCX Gold Change | 🔴 ▼ −₹378 (−0.24%) | — |
| MCX Silver (July 2026) | — | ₹2,72,269/kg |
| MCX Silver Change | — | 🟢 ▲ +₹2,150 (+0.80%) |
| COMEX Gold | $4,485.70/oz | — |
| COMEX Gold Change | 🔴 ▼ −$25.50 (−0.57%) | — |
| COMEX Silver | $75.61/oz | — |
| COMEX Silver Change | 🟢 ▲ +$0.45 (+0.60%) | — |
| Gold-Silver Ratio | ~59.3:1 | — |
| Crude Oil (Brent) | ~$111/barrel | — |
| USD/INR | ~₹96.46 | — |
| Last Updated | 20 May 2026, 14:15 IST | 20 May 2026, 14:15 IST |
Gold Price Today in India (24K, 22K, per gram and 10g)
Today's gold rate in India stands at ₹15,940 per gram for 24-carat gold, ₹14,612 per gram for 22-carat gold, and ₹11,955 per gram for 18-carat gold.
On a per-10g basis, 24K gold is at ₹1,59,400, down ₹440 from yesterday's close of ₹1,59,840. Gold is down 2.14% from one week ago (₹1,62,880 on 13 May) and up 3.36% from one month ago. Year-on-year, gold is up 67.23% from ₹95,320/10g in May 2025.
Bullions.co.in news headline today reads "Gold Prices Slip as Strong Dollar Weighs on Bullion." The firmer dollar is the primary pressure point for gold right now.
| Purity | Per Gram (₹) | Per 10g (₹) | Per 100g (₹) | Change vs Yesterday |
|---|---|---|---|---|
| 24 Karat (999) | 15,940 | 1,59,400 | 15,94,000 | 🔴 ▼ −0.28% |
| 22 Karat | 14,612 | 1,46,117 | 14,61,167 | 🔴 ▼ |
| 20 Karat | 13,283 | 1,32,833 | 13,28,333 | 🔴 ▼ |
| 18 Karat | 11,955 | 1,19,550 | 11,95,500 | 🔴 ▼ |
| 14 Karat | 9,298 | 92,983 | 9,29,833 | 🔴 ▼ |
Silver Price Today in India (per gram and per kg)
Today's silver rate in India is ₹273 per gram and ₹2,72,850 per kg for 999 fine silver, up ₹1,860 or 0.69% from yesterday's close of ₹2,70,990. Bullions.co.in's news headline today reads "Silver Dips on Inflation Worries and Rising US Rate Expectations", yet the spot price has still managed to climb, showing buyers are stepping in on dips.
Silver is down 9.35% from one week ago (₹3,01,000 on 13 May) but up 7.54% from one month ago (₹2,53,730 on 20 April). Year-on-year, silver is up 179.85% from ₹97,500/kg in May 2025.
| Unit | Silver 999 Fine (₹) | Silver 925 Sterling (₹) | Silver 900 Coin (₹) | Change vs Yesterday |
|---|---|---|---|---|
| 1 gram | 273 | 252 | 246 | 🟢 ▲ +2 |
| 10 grams | 2,729 | 2,524 | 2,456 | 🟢 ▲ +19 |
| 100 grams | 27,285 | 25,239 | 24,557 | 🟢 ▲ +186 |
| 1 kg (999 fine) | 2,72,850 | 2,52,386 | 2,45,565 | 🟢 ▲ +1,860 |
| 1 ounce | 7,735 | 7,155 | 6,962 | 🟢 ▲ |
| 1 tola | 3,182 | 2,944 | 2,864 | 🟢 ▲ |
City-Wise Gold and Silver Rates Today (20 May 2026)
Gold rates are down modestly across all cities today. Silver rates are up. Chennai continues to hold the highest gold premium among metros. All rates below are indicative retail prices based on Bullions.co.in and Goodreturns data as of 14:15 IST.
| City | Silver 999 (₹/kg) | Silver (₹/g) | Gold 24K (₹/10g) | Gold 22K (₹/10g) | vs Yesterday |
|---|---|---|---|---|---|
| Delhi | 2,72,850 | 273 | 1,59,400 | 1,46,117 | 🔴 ▼ Gold; 🟢 ▲ Silver |
| Mumbai | 2,72,850 | 273 | 1,59,250 | 1,45,979 | 🔴 ▼ Gold; 🟢 ▲ Silver |
| Chennai | 2,72,850 | 273 | 1,60,950 | 1,47,537 | 🔴 ▼ Gold; 🟢 ▲ Silver |
| Hyderabad | 2,72,850 | 273 | 1,59,250 | 1,45,979 | 🔴 ▼ Gold; 🟢 ▲ Silver |
| Bengaluru | 2,72,850 | 273 | 1,59,250 | 1,45,979 | 🔴 ▼ Gold; 🟢 ▲ Silver |
| Kolkata | 2,72,850 | 273 | 1,59,250 | 1,45,979 | 🔴 ▼ Gold; 🟢 ▲ Silver |
| Pune | 2,72,850 | 273 | 1,59,250 | 1,45,979 | 🔴 ▼ Gold; 🟢 ▲ Silver |
| Ahmedabad | 2,72,850 | 273 | 1,59,300 | 1,46,025 | 🔴 ▼ Gold; 🟢 ▲ Silver |
| Surat | 2,72,850 | 273 | 1,59,300 | 1,46,025 | 🔴 ▼ Gold; 🟢 ▲ Silver |
| Jaipur | 2,72,850 | 273 | 1,59,400 | 1,46,117 | 🔴 ▼ Gold; 🟢 ▲ Silver |
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MCX Gold and Silver Prices Today (20 May 2026)
MCX gold pulled away from its ₹1.60 lakh mark in early trade, trading lower at 0.5% near ₹1,58,300. The June 2026 contract touched an intraday high of ₹1,60,378 at the opening bell before correcting sharply. MCX silver plunged by 1% earlier in the session to struggle around ₹2.68 lakh before recovering.
| Contract | Price (₹) | Change | % Change | Intraday High | Intraday Low | Prev. Close |
|---|---|---|---|---|---|---|
| MCX Gold — June 2026 | 1,58,702/10g | 🔴 ▼ −378 | 🔴 −0.24% | 1,60,378 | 1,57,959 | 1,59,080 |
| MCX Silver — July 2026 | 2,72,269/kg | 🟢 ▲ +2,150 | 🟢 +0.80% | 2,72,900 | 2,66,850 | 2,70,119 |
The intraday range for MCX silver today, from a low of ₹2,66,850 to a high of ₹2,72,900, spans over ₹6,000/kg. This reflects the extreme sensitivity of silver to every headline right now.
Global Gold and Silver Prices – COMEX and Spot (20 May 2026)
| Commodity | Exchange | Price (USD) | Change | % Change | Intraday High | Intraday Low |
|---|---|---|---|---|---|---|
| Gold Futures | COMEX | $4,485.70/oz | 🔴 ▼ −$25.50 | 🔴 −0.57% | $4,512.00 | $4,455.00 |
| Silver Futures | COMEX | $75.61/oz | 🟢 ▲ +$0.45 | 🟢 +0.60% | $75.87 | $73.39 |
| Gold-Silver Ratio | — | ~59.3:1 | 🔴 ▼ Tightening | — | — | — |
Spot gold continued to slip by 1% to struggle around $4,460 per ounce, whilst spot silver witnessed mild buying which took the price near $74 per ounce. The gold-silver ratio has tightened slightly to 59.3:1 as silver has outperformed gold today, a reversal from yesterday's pattern.
What Is Driving Gold and Silver Prices Today?
1. FOMC Minutes Tonight – The Biggest Risk Event of the Week
High volatility is expected this week amid the release of the FOMC minutes today. The minutes will detail the thinking behind the Fed's last rate decision and any internal debate about inflation risks from the Iran oil shock.
The escalating tensions between the US and Iran have kept the market sentiment on the edge as inflationary risks flared and the probability of a rate hike now hangs like a threat over bullion demand. If the minutes reveal that some officials discussed rate hikes rather than cuts, gold could fall sharply tonight. If the tone is more balanced, a relief rally is possible.
2. UAE's Barakah Nuclear Plant Hit by Iranian Proxies
Gold rates in Dubai crashed on 20 May 2026 amid rising tensions in the Middle East. The UAE is entangled in the crossfire between the US military and the Iranian regime. The UAE's Barakah nuclear power plant was hit by Iranian proxies on 19 May. The UN, Russia, and other countries have condemned the latest attack on the UAE.
This is a serious escalation. The Barakah plant is one of the Arab world's first nuclear power stations. An attack on it raises the stakes of the conflict significantly. Despite this being negative news, gold in Dubai actually fell as panicked sellers in the physical market offloaded holdings. This highlights how contradictory market reactions can be during intense geopolitical events.
3. Strong Dollar Keeps Gold Under Pressure
The Bullions.co.in headline today directly says "Gold Prices Slip as Strong Dollar Weighs on Bullion." The US dollar has firmed up as investors look to the dollar as a safe haven, even amid the Moody's downgrade backdrop. A stronger dollar makes gold more expensive for buyers in other currencies, reducing global demand.
4. Silver Rebounds on Industrial Demand Hope
Today's Bullions.co.in headline reads "Silver Dips on Inflation Worries and Rising US Rate Expectations" — yet the price is actually up 0.69% today. This tells you that buyers are treating every dip as a buying opportunity. Solar energy demand, EV battery production, and electronics manufacturing continue to provide a structural floor for silver prices even when macro headwinds are strong.
5. Crude Oil Stays Elevated Despite Slight Dip
Crude oil prices slipped on 20 May but remain at elevated levels. US WTI crude oil futures traded lower but near $104 per barrel, while Brent crude dipped 0.5% but still remained near $111 per barrel. High oil keeps inflation fears alive, which in turn supports gold as an inflation hedge even when the dollar is strong.
Gold and Silver Price Trend – Last 7 Days
| Date | Silver 999 (₹/kg) | Gold 24K (₹/10g) | MCX Silver (₹/kg) | MCX Gold (₹/10g) | Move |
|---|---|---|---|---|---|
| 20 May 2026 | 2,72,850 | 1,59,400 | 2,72,269 | 1,58,702 | 🔴 ▼ Gold / 🟢 ▲ Silver |
| 19 May 2026 | 2,70,990 | 1,59,840 | 2,70,119 | 1,59,080 | 🔴 ▼ Both soft |
| 18 May 2026 | 2,77,170 | 1,59,970 | 2,76,651 | 1,59,401 | 🟢 ▲ Flat |
| 16 May 2026 | 2,71,720 | 1,59,100 | 2,71,226 | 1,58,450 | 🔴 ▼ Both crash |
| 14 May 2026 | ~3,00,000 | 1,62,010 | ~2,95,805 | ~1,62,270 | 🟢 ▲ Post-duty |
| 13 May 2026 | 3,01,000 | 1,62,880 | 2,96,439 | 1,62,375 | 🟢 ▲ Duty surge |
| 1 Month Ago | 2,53,730 | 1,54,220 | — | — | — |
Gold is holding broadly stable this week, oscillating between ₹1,58,000 and ₹1,60,000 on MCX. Silver has found a floor around ₹2,66,000 to ₹2,70,000 on MCX after last week's crash from ₹3,01,000.
What to Expect After the FOMC Minutes
The FOMC minutes are due tonight (US time), which means Indian markets will see the impact at MCX opening on Thursday, 21 May.
| FOMC Minutes Tone | Expected Gold Impact | Expected Silver Impact |
|---|---|---|
| Hawkish (rate hike discussed) | 🔴 ▼ Sharp fall possible | 🔴 ▼ Fall likely, industrials hurt |
| Neutral (hold maintained) | 🟢 ▲ Mild relief rally | 🟢 ▲ Mild recovery |
| Dovish (rate cut signal) | 🟢 ▲ Sharp rally possible | 🟢 ▲ Strong recovery |
Also watch for: US Initial Jobless Claims (21 May), US Manufacturing and Services PMI (21 May), and University of Michigan inflation expectations (22 May). All three follow the FOMC minutes in quick succession. This means Thursday and Friday could be even more volatile than today.
This is for informational purposes only. Please consult a qualified financial adviser before making investment decisions.
FAQs
What is the gold price today in India per gram?
The gold price today in India is ₹15,940 per gram for 24-carat gold, ₹14,612 per gram for 22-carat gold, and ₹11,955 per gram for 18-carat gold as of 20 May 2026 (Bullions.co.in, 14:15 IST). Gold is down 0.28% from yesterday's close of ₹1,59,840/10g.
What is the silver price today in India per kg?
The silver price today in India is ₹2,72,850 per kg for 999 fine silver and ₹273 per gram as of 20 May 2026 (Bullions.co.in, 14:15 IST). Silver is up 0.69% from yesterday's close of ₹2,70,990/kg, recovering after yesterday's pressure.
What will happen to gold and silver after the FOMC minutes tonight?
High volatility is expected this week amid the release of the FOMC minutes today. If the Fed sounds aggressive, suggesting rate hikes are being considered to fight the oil-driven inflation, gold could fall sharply when MCX opens on Thursday. If the tone is neutral or dovish, a relief rally is likely for both metals. The MCX opening at 09:00 IST on 21 May will be the first indication of which direction the market is taking. Please consult a qualified financial adviser before making investment decisions.
Original Article
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