Gold Rates In India Today (20-04-2026) Crash By Rs 5,000; Silver Rates Flat; Monday 24K, 22K, 18 Gold Prices

Gold rates in India crashed on Monday, April 20, tracking a weak broader market due to renewed hostilities at the Strait of Hormuz between the US and Iran. This brings back inflationary fear and energy crisis concerns, making the dollar and crude oil attractive but dulling the appeal for precious metals. On Monday, 24 carat gold plunged by nearly Rs 5,000 per 100 grams and by Rs 500 per 10 grams. This comes after gold saw a bullish trend last week. On the other hand, silver rates remained unchanged for the second day in a row.

Gold Rates In India

Gold rates in India dropped due to decline in spot gold and silver prices despite the celebration of Akshaya Tritiya, a key auspicious festival where precious metals demand is huge. Still, gold plunged by at least Rs 5,000.

The latest sour sentiment is due to fresh round of heated exchange at the Strait of Hormuz. US President Donald Trump confirmed that the US Navy fired and had seized an cargo vessel with an Iranian flag at the Gulf of Oman. This was after the vessel ignored US Navy's warnings to stop while departing the Hormuz.

This soon after resulted in Iran to target ships and reassert its claim over Hormuz. Tehran has argued that US Navy blockade against Iranian vessels is a breach of ceasefire agreement.

Despite this, Trump has hinted that there was still an opportunity for a second round of negotiation in Pakistan, however, Iran does not expects a mutual agreement anytime soon.

The prolonged conflict has sparked a historic energy supply shock, heightening inflation risks and raising the likelihood of further central bank rate hikes, which weighed on gold. The precious metal remains down nearly 10% since the onset of the war, as per Trading Economics.

Hence, here are the new gold rates in India today:

24 Carat Gold Rates Today In India:

24 carat gold price plunged by Rs 4,900 in 100 grams to Rs 15,52,900. While 10 grams gold is down by Rs 490 to Rs 1,55,290, and 8 grams gold slipped by Rs 392 to Rs 1,24,232. 1 gram gold of 24 carat is lower by Rs 49 to Rs 15,529.

22 Carat Gold Rates Today In India:

Under 22 carat, 100 grams gold tumbled by Rs 4,500 to Rs 14,23,500 and 10 grams gold dropped by Rs 450 to Rs 1,42,350. Also, 8 grams gold dipped by Rs 360 to Rs 1,13,880 and 1 gram gold inched lower by Rs 45 to Rs 14,235.

18 Carat Gold Rates Today In India:

Here, 10 grams gold dived by Rs 370 to Rs 1,16,470 and 100 grams gold plummeted by Rs 3,700 to Rs 1,16,470. Additionally, 8 grams gold slipped by Rs 296 to Rs 93,176 and 1 gram gold is down by Rs 37 to Rs 11,647.

Silver Rates In India

Unlike gold, silver rates are unchanged. 1Kg silver is priced at Rs 2.75 lakh, while 100 grams and 10 grams silver is at Rs 27,500 and Rs 2,750. Also, 8 grams gold is at Rs 2,200 and 1 gram gold is at Rs 275.

But it needs to be noted that the latest performance in physical gold and silver is still better compared to gold and silver futures at MCX which has crashed sharply.

MCX Gold Price + MCX Silver Price

MCX gold price with June 2026 expiry, dropped by Rs 1,737 or 1.12% to Rs 1,52,872 per 10 grams, which is near its intraday low of Rs 1,52,799 per 10 grams.

Meanwhile, MCX silver took the hardest hit. MCX silver crashed by Rs 5,471 or 2.13% to trade at Rs 2,51,671 per 1Kg, which is near its intraday low of Rs 2,51,671 per 1Kg.

Gold Rates & Silver Rates Outlook:

As per Ponmudi R, CEO of Enrich Money, here are the outlook for precious metals in India:

Gold Price Outlook:

MCX Gold opened with a mild gap down but is holding above Rs1,52,000 level with emerging buying interest at lower levels. A sustained move above Rs1,55,000 could revive momentum toward Rs1,57,000-Rs1,58,000. On the downside, a break below Rs1,52,500 may lead to a corrective move toward Rs1,51,000-Rs1,50,000 and further to Rs1,48,000. The bias remains cautious, with macro factors offering limited support; however, failure to break above resistance levels may keep momentum weak and tilt the trend further to the downside.

Silver Price Outlook:

MCX Silver opened with a mild gap down and is currently hovering above Rs2,52,000, with safe-haven demand and strength in industrial metals offering only limited support amid elevated volatility, as geopolitical tensions continue to weigh on sentiment. Resistance is placed at Rs2,55,000-Rs2,60,000, with further upside toward Rs2,68,000-Rs2,70,000. A sustained move above these levels could strengthen momentum and support further gains. On the downside, a break below Rs2,48,000 may lead to a corrective move toward the Rs2,44,000-Rs2,40,000 range.

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