Gold Rate Today in India Recovers After Rs 56,700 Crash; Goldman Sachs Cuts Gold Price Forecast by $500

Gold prices in India witnessed a slight recovery on Saturday, June 20, 2026, after undergoing a sharp correction of Rs 56,700 per 100 grams of 24K gold over the previous five sessions. The yellow metal edged higher today, with 24K gold rising by Rs 22 to Rs 14,608 per gram, while 22K gold gained Rs 20 to Rs 13,390 per gram, offering some relief to jewellers and buyers after the recent steep decline.

Meanwhile, silver prices remained unchanged in the domestic market. The white metal continued to trade at Rs 250 per gram and Rs 2,50,000 per kilogram on June 20.

Gold Price Forecast: Goldman Sachs Lowered Its Gold Price Target by $500 Per Ounce

The movement in precious metal prices comes amid shifting global market expectations after Goldman Sachs lowered its gold price forecast by $500 per ounce. The investment bank revised its outlook due to the increasing possibility that the US Federal Reserve may raise interest rates instead of delivering rate cuts this year.

Earlier, Goldman Sachs had projected gold to reach $5,400 per ounce by the end of 2026, driven by strong investor demand and bullish momentum that had pushed bullion close to its record high of nearly $5,600 per ounce.

Gold Rate Today: Check Latest 22K, 24K & 18K Gold Prices on 20 June 2026

Gold Price Today in India, Saturday, June 20, 2026: Gold rates witnessed an upward movement across all purity categories, with 24 Karat, 22 Karat and 18 Karat gold becoming slightly more expensive compared to the previous trading session.

24 Karat Gold Rate Today in India

The price of pure 24K gold increased by Rs 22 per gram to Rs 14,608 on Saturday. The cost of 8 grams of 24K gold stood at Rs 1,16,864 after a rise of Rs 176, while 10 grams was priced at Rs 1,46,080, up Rs 220. For larger purchases, 100 grams of 24K gold was available at Rs 14,60,800, marking an increase of Rs 2,200 from the previous day's rate.

22 Karat Gold Rate Today in India

22 Karat Gold Price Today: 22K gold also witnessed a positive trend, with prices rising by Rs 20 per gram to Rs 13,390. The price of 8 grams of 22K gold climbed by Rs 160 to Rs 1,07,120, while 10 grams was priced at Rs 1,33,900 after gaining Rs 200. Meanwhile, 100 grams of 22K gold cost Rs 13,39,000, reflecting a jump of Rs 2,000 compared with the previous session.

18 Karat Gold Rate Today in India

18 Karat Gold Price Today: 18K gold prices moved higher as well, gaining Rs 17 per gram to reach Rs 10,956. The price of 8 grams of 18K gold rose by Rs 136 to Rs 87,648, whereas 10 grams was available at Rs 1,09,560 after an increase of Rs 170. For bulk buyers, 100 grams of 18K gold was priced at Rs 10,95,600, up Rs 1,700 from Friday's level.

Silver Rate Today: Check Latest Silver Prices Per Kg and Gram on June 20, 2026

Silver Price Today in India, Saturday, June 20, 2026: Silver prices remained steady across the country with no change compared to the previous trading session. The precious metal continued to trade at Rs 250 per gram, unchanged from yesterday's levels.

For bulk purchases, 8 grams of silver were priced at Rs 2,000, while 10 grams cost Rs 2,500, with both rates remaining flat day-on-day. Meanwhile, 100 grams of silver was available at Rs 25,000, showing no movement from the previous session.

On a larger scale, 1 kilogram of silver was priced at Rs 2,50,000 on Saturday, remaining unchanged compared to Friday's price.

"Gold and silver fell sharply - 2% and 3% respectively - after the Federal Reserve signaled support for rate hikes, with new Fed Chair Kevin Warsh reaffirming the central bank's inflation-control mandate," said Mr. Prithviraj Kothari, MD at RiddiSiddhi Bullions Ltd., President of IBJA.

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