Gold and silver prices in India exhibited a largely stable trend on August 20, 2026, with minor fluctuations observed in the futures market. Market participants are closely monitoring global economic indicators, US interest rate expectations, and currency movements, which continue to influence precious metal valuations.
MCX Futures Show Modest Gains
On the Multi Commodity Exchange (MCX), gold futures experienced a marginal uptick, rising by 0.33% to trade at ₹1,58,000 per 10 grams. Similarly, silver futures saw a more significant increase, climbing by approximately 1.51% to reach ₹2,40,000 per kilogram during trading hours.
Retail Market Rates Across Key Indian Cities
In the physical retail market, gold is primarily traded in two purities: 24-karat and 22-karat. While 24-karat is considered the purest form, 22-karat gold is widely preferred for crafting jewellery due to its enhanced strength and durability from alloyed metals.
Today's Gold Rates (August 20, 2026)
- Delhi: 24K gold at ₹1,55,110 per 10 grams; 22K gold at ₹1,42,190 per 10 grams.
- Mumbai: 24K gold at ₹1,54,960 per 10 grams; 22K gold at ₹1,42,040 per 10 grams.
- Kolkata: 24K gold at ₹1,54,960 per 10 grams; 22K gold at ₹1,42,040 per 10 grams.
- Bengaluru: 24K gold at ₹1,54,960 per 10 grams; 22K gold at ₹1,42,040 per 10 grams.
- Hyderabad: 24K gold at ₹1,54,960 per 10 grams; 22K gold at ₹1,42,040 per 10 grams.
- Chennai: 24K gold at ₹1,54,960 per 10 grams; 22K gold at ₹1,42,040 per 10 grams.
Today's Silver Rates (August 20, 2026)
- Delhi: ₹24,490 per 100 grams; ₹2,44,900 per kilogram.
- Mumbai: ₹24,490 per 100 grams; ₹2,44,900 per kilogram.
- Kolkata: ₹24,490 per 100 grams; ₹2,44,900 per kilogram.
- Bengaluru: ₹24,490 per 100 grams; ₹2,44,900 per kilogram.
- Hyderabad: ₹24,490 per 100 grams; ₹2,44,900 per kilogram.
- Chennai: ₹24,990 per 100 grams; ₹2,49,900 per kilogram.
Jeweller Pricing and Market Influences
Leading jewellery retailers like Joyalukkas and Malabar Gold & Diamonds quoted 22K gold at ₹14,205 per gram across several Indian states, while Tanishq's 22K rate stood at ₹14,250 per gram. For 24-carat gold, Malabar quoted ₹15,496 per gram, and Tanishq was at ₹15,511 per gram.
Marginal variations in retail prices among jewellers are typically influenced by brand-specific policies, operational costs, and local market dynamics, though broader bullion trends continue to dictate overall price direction for gold and silver prices India.