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Gold Rates & Silver Rates Today (20/8/2026) LIVE: Correction! MCX Gold Up Rs 250, Silver Below Rs 2.40 Lakh

Gold rates and silver rates in India traded higher on August 20th, despite the mixed trend in the global bullion market. MCX gold extended its uptrend to trade above Rs 158,500 per 10 grams and MCX silver outperformed to hit above Rs 241,000 per 1 kg level. In the commodities market at MCX, lead, zinc and copper also surged, however, MCX crude and MCX natural gas futures dropped by 1% to 1.5%.

Spot gold corrected from yesterday's 4% gains and $4,500 per ounce mark. Currently, spot gold traded nearly 0.6% down. Meanwhile, spot silver also traded cautiously higher by 0.3% to hold above $67 per ounce. In the previous session, gold and silver gained strongly due to a decline in treasury yields from their multi-year highs. However, the US Federal Reserve's minutes of July meeting came broadly hawkish, indicating that the rate hike scenario is far from over in 2026.

The US Treasury Department announced it will more than double repurchases of 10-, 20- and 30-year debt in the next few months as the 30-year yield surged to its highest level since 2007 earlier this week. Lower borrowing costs reduce the opportunity cost for markets to hold precious metals, which carry no coupons, making them more attractive to investors. Meanwhile, minutes of the Federal Reserve's July meeting confirmed that some policymakers argued in favor of raising interest rates this year to prevent sharper inflationary pressure later on. Elsewhere, heightened uncertainty in the Middle East as the US and Iran remain at a stalemate kept inflationary risks in focus, as per Trading Economics.

Crude oil prices also traded volatile on Thursday. US WTI crude oil futures fell below the $85 per barrel mark, but Brent crude traded higher and raced towards $92 per barrel. Gasoline and natural gas prices are down by 2% and 1% respectively.

Also, US dollar has corrected sharply to trade around 98.8, which is the lowest level in three months. This came after US government announced to expand its bond buyback program to contain long-term borrowing costs.

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