Gold rates and silver rates in India surged on Monday, July 20, 2026, with MCX gold rising by 0.3% and MCX silver outperforming bullion with over 1% gains in the early trade. However, crude oil prices remained elevated with MCX crude surging nearly 3% as well.
Despite the latest uptrend, the bullion market is near its lowest levels in nine months due to escalation between the US and Iran that pushed both oil and the dollar higher.
On the global front, spot gold is trading mildly higher and near $4,020 per ounce, while spot silver soared 2% to trade near $57 per ounce. On the other hand, US WTI Crude Oil climbed 2.5% to trade near $85 per barrel and Brent Crude jumped nearly 3% to trade above $90 per barrel. Also, US dollar is down on Monday, but still near 101 mark.
The US military said it carried out fresh airstrikes against Iran on Sunday following the deaths of three American service members, while Tehran declared that its ceasefire with the US had effectively collapsed and said it intercepted four vessels transiting the Strait of Hormuz over the weekend. Oil prices have now surged about 30% from their July lows, raising the risk that central banks may tighten monetary policy to contain inflation. Meanwhile, Cleveland Fed President Beth Hammack on Friday joined a growing number of Fed officials warning about persistent inflation. Markets are now pricing in about a 53% chance of a Fed rate hike in September, up from 47% a day earlier, as per Trading Economics.
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Jul 20, 2026, 5:11 pm IST
Live Gold Silver Rates Today: What To Expect In Precious Metals?
Spot gold steadied near ,020 while silver gained 2% to trade above , as mediation headlines offer intermittent support, though upside stayed capped as traders have fully priced in at least one Fed hike by year-end. Hawkish commentary from Chair Warsh and other officials, combined with the renewed rally in oil prices, has pushed September hike odds closer to 60%. This follows a week in which gold managed to close above ,000 but still posted a 2.5% weekly loss, while silver recovered some ground after touching .7, its weakest since November 2025, before finishing the week down by 7%. A softer CPI print offered bullion a brief midweek lift, but renewed conflict escalation quickly reasserted the inflation and higher-for-longer narrative, pressuring non-yielding assets. With oil-driven inflation risk still live against a patient but watchful Fed, the outlook for precious metals stays skewed toward downside on every fresh escalation: Kaynat Chainwala, AVP Commodity Research, Kotak Securities.
Jul 20, 2026, 5:11 pm IST
Live Oil Prices Today: Will Elevated Crude Oil Prices Impact Your Pocket?
The crude oil prices are elevated and above per barrel, once again bringing back a rate hike scenario for Indane Gas, HP Gas, and Bharat Gas cylinders in August 2026. It needs to be noted that in July 2026, the OMCs trimmed 19 Kg commercial LPG cylinder prices for the first time in 2026 as crude oil prices dropped significantly in June due to a temporary peace treaty between US and Iran. But now the so-called ceasefire agreement is pushed down the drain as the US and Iran conflict escalates, pushing both US WTI crude and Brent crude higher by 11-15% this month broadly. Higher oil prices could have a cascading effect on our pockets in the form of fuel, CNG, PNG, and the most essential petroleum product for every household, LPG cylinders.
Live Oil Prices Today: What To Expect In Crude Oil Prices Ahead?
Oil extended gains early today, building on last week's 15% surge, with Brent briefly exceeding and WTI topping as US strikes on Iranian military infrastructure continued for a ninth consecutive night, targeting surveillance, logistics, storage and maritime assets. Iran expanded retaliation across Bahrain, Jordan, Kuwait, Oman, Qatar and Syria, including attacks on a Kuwaiti power plant and oil facility, while its navy began turning back vessels on unsanctioned Hormuz routes, effectively ending earlier understandings with Washington. Prompt Brent entered its steepest backwardation since early June, signalling tight physical supply rather than headline risk alone. The advance pared after Iran's Foreign Ministry confirmed it had received mediator proposals aimed at de-escalation, pulling Brent back below and WTI below . With both chokepoints still live but a mediation channel now open, Brent could retest on renewed escalation, though confirmed progress on talks could quickly unwind the current risk premium: Kaynat Chainwala, AVP Commodity Research, Kotak Securities.
Jul 20, 2026, 5:10 pm IST
Live Oil Prices Today: US WTI Crude & Brent Crude Pare Some Gains?
US WTI Crude oil pared earlier gains to trade around per barrel on Monday after briefly topping , as signs of renewed diplomatic efforts between the US and Iran eased some supply concerns. While Brent crude pared earlier gains to trade around per barrel on Monday after briefly topping , as per Trading Economics.
MCX gold price climbed by nearly 1% to close at Rs 1,42,220 per 10 grams after the day-time closing bell. While MCX silver soared nearly 2% to hold above Rs 2.20 lakh per 1Kg. Copper and Zinc also rallied 1% each at MCX, while Crude Oil erased its gains to drop 2%. The trading will resume in the evening at MCX.
Jul 20, 2026, 3:18 pm IST
Live Silver Rates Today: MCX Silver Hits Rs 2.20 Lakh
MCX silver price surged by over 1.31% to trade around Rs 2,19,240 per 1Kg, after hitting an intraday high of Rs 2,20,408 per 1Kg.
Jul 20, 2026, 3:18 pm IST
Live Gold Rates Today: MCX Gold Extends Gain
MCX gold price extended its gains to nearly 1% to trade around Rs 1,41,808 per 10 grams. The bullion races to hit Rs 1.42 lakh after it touched an intraday high of Rs 1,41,968 per 10 grams.
Jul 20, 2026, 11:54 am IST
Live Oil Prices Today: Outlook On Crude Oil Prices At MCX & Globally.
US WTI Crude oil has resumed with gapped up and inclined around per barrel in Asian trade today, continue its last week’s gains due to escalating hostilities between US- Iran which has raised fears of further disruption to Oil flows from Middle east. MCX Crude oil August contracts has resumed gapped higher at 8080 and likely to remain higher today if price will sustain the support levels of 7790 and 7950. Key resistance would be at 8247 – 8329: Aamir Makda, Commodity & Currency Analyst, Technical Research at Choice Broking.
Jul 20, 2026, 11:54 am IST
Live Gold Rates Today: What Is Impacting MCX Gold Price?
MCX Gold future has resumed with gapped up this week at 141,364 and started trading over 50-EMA on hourly charts placed at 141,150. Price has inclined today due to continues weakness in Indian Rupee which has weaken further by 15 paisa against US Dollar today. Price has remained consolidated in Asian trade so far. We are expecting Sideways-to-bullish trend in Gold price in today’s session and immediate resistance would be at 141,950, breakout of this level will boost upward momentum: Aamir Makda, Commodity & Currency Analyst, Technical Research at Choice Broking.
Jul 20, 2026, 11:05 am IST
Live Gold Rates Today: Gold Prices In Chennai vs Hyderabad vs Mumbai vs Kolkata vs Delhi vs Bengaluru Vs Ahmedabad
City
24K Gold
22K Gold
18K Gold
Chennai
₹14,346
₹13,150
₹10,965
Mumbai
₹14,346
₹13,150
₹10,759
Delhi
₹14,361
₹13,165
₹10,774
Kolkata
₹14,346
₹13,150
₹10,759
Bangalore
₹14,346
₹13,150
₹10,759
Hyderabad
₹14,346
₹13,150
₹10,759
Kerala
₹14,346
₹13,150
₹10,759
Pune
₹14,346
₹13,150
₹10,759
Vadodara
₹14,351
₹13,155
₹10,764
Ahmedabad
₹14,351
₹13,155
₹10,764
24 carat and 22 carat gold prices are same in cities like Chennai, Mumbai, Kolkata, Bengaluru, Hyderabad, Pune and Kerala. While 18 carat gold is higher in Chennai, while remains same for Mumbai, Kolkata, Bengaluru, Hyderabad, Pune and Kerala. All carats are expensive in Ahmedabad, Vadodara and Delhi than these cities.
Jul 20, 2026, 10:42 am IST
Live Gold Silver Rates Today: What Is Impacting Physical Gold & Silver Prices Today?
Gold rates in India climbed in the range of Rs 1,200 to Rs 1,700 on July 20, 2026, due to a broader surge in the global bullion market; however, the gains are capped due to elevated crude oil prices, which heightens the probability of a rate hike sooner than expected. Similarly, silver rates in India soared as MCX silver and spot silver gained by 1-2% on Monday. The odds of a rate hike have increased to 53% from earlier 47% in the upcoming US Federal Reserve's policy. At the global front, spot gold is up marginally, but spot silver outperformed with nearly 2% upside.
Live Silver Rates Today: Silver Prices In India Outperforms Gold
Gram
Today
Yesterday
Change
1
₹235
₹230
+₹5
8
₹1,880
₹1,840
+₹40
10
₹2,350
₹2,300
+₹50
100
₹23,500
₹23,000
+₹500
1000
₹2,35,000
₹2,30,000
+₹5,000
Silver rates outperformed gold in physical terms as well. In India, the 999 purity or 1Kg silver soared by Rs 5,000 to Rs 2.35 lakh, while the 100 grams and 10 grams silver rates gained by Rs 500 and Rs 50 to Rs 23,500 and Rs 2,350. Also, 8 grams silver is up by Rs 40 to Rs 1,880 and 1 gram silver gains Rs 5 to Rs 235.
Jul 20, 2026, 10:41 am IST
Live Gold Rates Today: 18 Carat Gold Prices Surge By Up To Rs 1,200 Today
Gram
Price
Change
1
₹10,759
+₹12
8
₹86,072
+₹96
10
₹1,07,590
+₹120
100
₹10,75,900
+₹1,200
Under 18 carat, 100 grams gold price gained by Rs 1,200 to Rs 10,75,900, while 10 grams gold jumped by Rs 120 to Rs 1,07,590, and 8 grams gold is higher by Rs 96 to Rs 86,072. Lastly, 1 gram gold is up by Rs 12 to Rs 10,759.
Jul 20, 2026, 10:41 am IST
Live Gold Rates Today: 22 Carat Gold Prices Rises At Least Rs 1,500 In India
Gram
Price
Change
1
₹13,150
+₹15
8
₹1,05,200
+₹120
10
₹1,31,500
+₹150
100
₹13,15,000
+₹1,500
22 carat gold price climbed by Rs 1,500 to Rs 13.15 lakh per 100 grams, is higher by Rs 150 to Rs 1,31,500 per 10 grams, gains by Rs 120 to Rs 1,05,200 per 8 grams and is up by Rs 15 to Rs 13,150.
Jul 20, 2026, 10:41 am IST
Live Gold Rates Today: 24 Carat Gold Price Jumps Up To Rs 1,700 In India
Gram
Price
Change
1
₹14,346
+₹17
8
₹1,14,768
+₹136
10
₹1,43,460
+₹170
100
₹14,34,600
+₹1,700
24 carat gold price surged by Rs 1,700 in 100 grams to Rs 14,34,600, while it was up by Rs 170 to Rs 1,43,460 in 10 grams. Also, 8 grams and 1 gram gold here edged higher by Rs 136 and Rs 17 to Rs 1,14,768 and Rs 14,346 respectively.
Jul 20, 2026, 10:05 am IST
Live Gold Silver Rates Today: Commodity Market Broadly In Green
MCX silver surged over 1% to trade near Rs 2,18,500 per 1Kg, while MCX gold climbed 0.3% to trade near Rs 1,41,300 per 10 grams. But MCX crude oil outperforms with nearly 3% upside to trade above Rs 8,113 per barrel. Lead, Zinc, and copper are also up. Natural gas prices are down.
Jul 20, 2026, 10:04 am IST
Live Silver Rates Today: Spot Silver Climbs 2%
Spot silver price gained nearly 2% on Monday, but stayed close to its lowest levels in eight months as escalating attacks between the US and Iran drove oil prices higher, stoking concerns over inflation and the prospect of interest rate hikes, as per Trading Economics.
Jul 20, 2026, 10:03 am IST
Live Gold Rates Today: Spot Gold Surges But Still Near 9-Month Low
Spot gold traded higher by 0.12% to near ,021 per ounce but is still at its lowest level in nine months. As per Trading Economics, Oil prices have now surged about 30% from their July lows, raising the risk that central banks may tighten monetary policy to contain inflation. Meanwhile, Cleveland Fed President Beth Hammack on Friday joined a growing number of Fed officials warning about persistent inflation. Markets are now pricing in about a 53% chance of a Fed rate hike in September, up from 47% a day earlier.
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