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.
MCX gold and silver corrected mildly but traded on a higher note. Ahead of the closing bell, MCX gold performed at Rs 1,58,246 per 10 grams, up by Rs 250. While MCX silver traded at Rs 2,39,099 per 1Kg, registering an upside of Rs 2,312 or 1%. Gold and silver touched an intraday highs of Rs 1,58,750 per 10 grams and Rs 2,41,167 per 1Kg in the early session.
Aug 20, 2026, 10:14 am IST
Live Gold Silver Rates Today: Why Precious Metals Will Remain Cautious Ahead?
Higher crude prices and continued uncertainty after the US-Iran MOU ended without fresh talks kept sentiment cautious. The Strait of Hormuz remains a key geopolitical trigger, while markets will also track the FOMC meeting minutes, US jobs data and crude movements for further direction. Gold is likely to remain volatile as geopolitical developments continue to drive safe-haven demand: Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.
Aug 20, 2026, 9:34 am IST
Live Gold Rates Today: MCX Gold Traded Higher
MCX gold extended its rally in the opening bell of August 20. At the time of writing, MCX gold traded at Rs 1,58,540 per 10 grams, up by Rs 544 or 0.34%. The bullion is near its intraday high despite spot gold correcting from its 4% gains and $4,500 mark.
Aug 20, 2026, 9:34 am IST
Live Silver Rates Today: MCX Silver Outperforms Gold
MCX silver witnessed strong buying trend and outperformed gold. At the time of writing, MCX silver futures scheduled for September 4th expiry date, traded higher by Rs 3,400 to around Rs 2,40,200 per 1Kg. Silver has touched an intraday high of Rs 2,41,167 in the opening bell.
Aug 20, 2026, 9:34 am IST
Live Gold Silver Rates Today: Gold & Silver Top Performers, Crude & Natural Gas Drops
In the early trade, commodity market at MCX witnessed a mixed trend with gold, silver, copper and zinc futures trading higher. However, MCX natural gas futures extended its selloffs and was trading lower by 1.4%, while MCX crude oil also dropped nearly 1%.
Aug 20, 2026, 8:39 am IST
Live Gold Silver Rates Today: US Treasury Department To Double Buybacks Of Securities
Trading Economics data highlighted that the government said it would at least double the size of liquidity-support buyback operations covering securities with maturities ranging from 10 to 30 years. Scott Bessent previously described the buyback program as an important tool for addressing market dislocations and improving liquidity. Treasury bonds came under heavy pressure in August as surging AI-related debt issuance, rising deficit spending and concerns over persistent inflation pushed up estimates for term premia.
Aug 20, 2026, 8:39 am IST
Live Gold Silver Rates Today: Treasury Yields Decline Sharply
Yesterday, the 10-year US treasury yield dropped sharply to 4.64% after hitting a 20-month high of 4.75%. This performance came after US Treasury Department announced to double the size of buybacks for long-dated securities. Furthermore, the 30-year treasury yield plunged below 5.2%, pulling away from their 19-year high of 5.34%.
Aug 20, 2026, 8:39 am IST
Live Silver Rates Today: Spot Silver Up And Above $67
Spot silver traded mildly better than gold. At the time of writing, spot silver is up by 0.4% to trade above $67.19 per ounce. As per Trading Economics, 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.
Aug 20, 2026, 8:39 am IST
Live Gold Rates Today: Spot Gold Corrects From $4,500 Mark
Spot gold price dropped nearly 0.6% to struggle around $4,495 per ounce, pulling away from its $4,500 mark. Yesterday, spot gold surged 4% after US treasury department declared to double the size of long-dated bond securities for containing long-term borrowing costs. However, hawkish remarks in Fed minutes pushed gold down.
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