India Gold Rates Advance Sharply on Consumer Demand; 22K/10g Gold Adds Rs.1950 in 2 Days; Check May 20 Prices

Gold prices in India recorded a rally for the last 2 days as the price of the 22k yellow metal surged by Rs 1,200 today to Rs 14,515 per 10 grams. Meanwhile, the price of 24-carat precious metal is Rs 158,350 per 10 grams after the gain of Rs 1,310. For those looking for 18K gold prices in India, they will pay Rs 118,760 after prices rose by Rs 980 this morning.

Reason Behind the Rally in Gold Rate Today

Gold prices in the retail market were available at a higher cost as demand for the yellow metal surged due to the ongoing wedding season in India. Jewellers are also seeing increased buying interest after the recent correction in gold prices that led consumers to make fresh purchases.

Meanwhile, on the Multi-Commodity Exchange (MCX), both precious metals traded lower, impacted by the weakness in international spot prices. Spot gold prices slipped on Wednesday and hovered near $4,465 per ounce as rising US Treasury yields and a stronger US dollar outweighed optimism around a possible US-Iran peace agreement.

"Gold and silver are consolidating near $4,500 and $75, respectively, retreating from recent highs as Middle East tensions and persistent inflation weigh on sentiment. Rising oil prices have amplified rate hike expectations, keeping pressure on metals. President Trump's claim of a potential Iran peace deal offered limited relief, with markets remaining sceptical after he revealed a planned strike was called off following Gulf state appeals," said Prithviraj Kothari, Managing Director at RiddiSiddhi Bullions Ltd, President of India Bullion and Jewellers Association Ltd and Chairman at Jain International Trade Organisation.

"Stronger US inflation has further eroded Fed rate cut bets, with some traders now pricing in an additional hike. FOMC minutes and flash PMI data are the next key catalysts for direction," he further added.

24K & 22k Gold Prices In The Last 5 Days

Date	24K Gold Rate (10 grams)	22K Gold Rate (10 grams)
May 20	Rs. 1,58,350 (+1,310)	Rs. 1,45,150 (+1,200)
May 19	Rs. 1,57,040 (+820)	Rs. 1,43,950 (+750)
May 18	Rs.1,56,220 (-710)	Rs.1,43,200 (-650)
May 17	Rs. 1,56,930 (0)	Rs. 1,43,850 (0)
May 16	Rs.1,56,930 (-980)	Rs.1,43,850 (-900)

Silver Prices In India

Silver prices in India registered a decline of Rs 5,000 per kg and are now available at Rs 280,000 today after recording a similar decline of Rs 5,000 a day before.

Gold Prices In Top Major Metropolitan Cities Of India On May 20

Gold Price in Chennai Today

Gold prices in Chennai remained the highest among major Indian cities on May 20, 2026. The rate of 10 grams of 24 carat gold in Chennai stood at Rs.160,910, while the price of 10 grams of 22 carat gold in Chennai was at Rs.147,500. Meanwhile, 18-carat gold rates in Chennai were recorded at Rs.123,350 per 10 grams.

Gold Price in Mumbai Today

In Mumbai, the 10 grams of 24K gold price today was Rs.158,350, while 22K gold traded at Rs.145,150. The 18K gold rate in Mumbai stood at Rs.118,760 per 10 grams.

Gold Price in Delhi Today

Gold prices in Delhi were slightly higher compared to several other metro cities. The 24-carat gold rate in Delhi stood at Rs.158,500, while 22-carat gold was priced at Rs.145,300. Meanwhile, 18K gold rates in Delhi were recorded at Rs.118,910 per 10 grams.

Gold Price Bangalore Today

Gold prices in Bangalore remained in line with other major southern cities. The price of 10 grams of 24K gold stood at Rs.158,350, while 22K gold traded at Rs.145,150. Meanwhile, 18K gold was priced at Rs.118,760 per 10 grams in Bangalore markets.

Gold Price Hyderabad Today

In Hyderabad, the price of 10 grams of 24 carat gold today was Rs.158,350, while 22 carat gold rates stood at Rs.145,150. The 18K gold rate in Hyderabad was Rs.118,760 per 10 grams.

Gold Price Kerala Today

Kerala continued to witness strong bullion demand, with 10 grams of 24K gold priced at Rs.158,350 and 22K gold at Rs.145,150 on May 20. Meanwhile, 18-carat gold rates stood at Rs.118,760 per 10 grams in the state.

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