Gold Rates Today Split In South India; Chennai Gold Rate Crashes By Rs 13,100, Hyderabad Gold Up; Silver Falls

Gold rates in India witnessed a sharp upside on May 20, 2026, despite volatility in MCX gold and spot gold. The physical gold rate surge is attributed to a slight pullback in the dollar and renewed hopes of fresh peace talks between US and Iran, even when the Strait of Hormuz remains closed for the third month, keeping inflationary pressure spiraling and monetary policy tightening prospects on a loop. However, in cities of South India, gold rates saw a split performance.

That being said, gold rates in Chennai crashed but gold rates in Hyderabad rally. But silver rates in both the cities dropped significantly. In city like Chennai, 24 carat gold nosedived by at least Rs 13,100 per 100 grams. And on the contrary, 100 grams gold in Hyderabad rose by more than Rs 13,000. In majority cities, gold prices rallied with the exception of Chennai and few others. Notably, silver rates in both cities are down.

Gold Rates In Chennai

In Chennai, 22 carat gold declined by Rs 12,000 in 100 grams to Rs 14,75,000. And, 10 grams gold plunged by Rs 1,200 to Rs 1,47,500. Meanwhile, 8 grams gold dipped by Rs 960 to Rs 1,18,000 and 1 gram gold is down by Rs 120 to Rs 14,750.

Furthermore, 18 carat gold rate is Chennai plummeted by Rs 7,500 to Rs 12,33,500 per 100 grams and 10 grams gold slipped by Rs 750 to Rs 1,23,350. Also, 8 grams gold is lower by Rs 600 to Rs 98,680 and 1 gram gold inched down by Rs 75 to Rs 12,335.

Gold Rates In Hyderabad

Additionally, 22 carat gold zoomed by Rs 12,000 to Rs 14,51,500 per 100 grams and 10 grams gold jumped by Rs 1,200 to Rs 1,45,150. Moreover, 8 grams gold of 22 carat increased by Rs 960 to Rs 1,16,120 and 1 gram gold is up by Rs 120 to Rs 14,515.

Under 18 carat, Hyderabad gold rate climbed by Rs 9,800 to Rs 11,87,600 and 10 grams gold surged by 980 to Rs 1,18,760. Also, 8 grams gold is up by Rs 784 to Rs 95,008 and 1 gram gold is up by Rs 98 to Rs 11,876.

Silver Rates In Chennai + Silver Rates In Hyderabad

What Is Impacting Gold & Silver Rates In India?

A host of factors played a role in driving the sentiments under precious metals. As per Kotak Neo analysts report, Precious metals found some support after the recent bond market selloff eased, though elevated Treasury yields and a firm U.S. dollar continued to cap upside momentum. The dollar index remained near a six-week high, while benchmark 10-year Treasury yields stayed at more-than-one-year highs, increasing the opportunity cost of holding non-yielding bullion.

Markets also remained focused on the ongoing U.S.-Iran conflict and delays in reopening the Strait of Hormuz, which continue to fuel inflation concerns and expectations of tighter monetary policy globally. Fed officials maintained a cautious stance on rates, while investors awaited the FOMC minutes for further policy guidance. Near-term downside pressure may persist if yields and the dollar remain elevated, but geopolitical risks, sticky inflation, and energy market disruptions should continue to provide a strong underlying floor for bullion prices.

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