Last Updated:
Gold Price Today In India, May 20: Check the latest gold prices in major metro cities like Chennai, Mumbai, Delhi.
Check latest gold price in major metro cities.
Gold Price Today In India, May 20: Gold prices on Tuesday fell substantially after rebounding slightly on Monday. In Mumbai, the price of gold stood at Rs 87,100 per 10 grams for 22-carat and Rs 95,020 per 10 grams for 24-carat.
However, the price of silver fell by Rs 1000 to trade at Rs 97,000 per kg in Mumbai.
On the MCX, gold was trading higher by 0.19 per cent to trade at Rs 93,117 per 10 grams and silver was down by 0.26 per cent to trade at Rs 95,250 per kg.
Analyst indicates that MCX gold is making a double top pattern on the daily chart, with a bearish momentum pointing at a trend reversal.
One can consider selling MCX Gold near 93,800 for a target of 91,650. Any close above 95,600 will warrant a review of the current outlook, according to research desk of Way2Wealth.
Known for its unmatched purity, 24-carat gold continues to attract buyers seeking premium quality. Meanwhile, 22-carat gold, prized for its durability and timeless charm, remains a favourite among jewellery enthusiasts and investors alike, striking a balance between elegance and practicality.
Here’s a detailed breakdown of gold prices across key cities (May 20, 2025):
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 87,250 | Rs 95,170 |
| Jaipur | Rs 87,250 | Rs 95,170 |
| Ahmedabad | Rs 87,150 | Rs 95,070 |
| Patna | Rs 87,150 | Rs 95,070 |
| Mumbai | Rs 87,100 | Rs 95,020 |
| Hyderabad | Rs 87,100 | Rs 95,020 |
| Chennai | Rs 87,100 | Rs 95,020 |
| Bengaluru | Rs 87,100 | Rs 95,020 |
| Kolkata | Rs 87,100 | Rs 95,020 |
Silver Price In India Today (May 20, 2025)
The price of silver on Monday fell by Rs 1000 to trade at Rs 97,000 per kg in Mumbai, according to goodreturns.in.
Gold saw a steep weekly loss of more than 4 per cent last week, its most since November 2024, as it dropped toward $3,180. Since its April peak of $3,500, the precious metal has lost more than $300 as technical selling quickens and safe-haven demand wanes.
What Factors Affect Gold Prices In India?
International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.
In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.
With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.
- First Published:
