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Gold Prices Ease In India, May 20: 24k/100 Grams Gold Sheds Rs 4,900, Silver Falls Too

Gold Prices Eases In India, May 20: 24k/100 Grams Gold Sheds Rs 4,900

Gold price today registered decline in India amid a little stronger dollar and possibility of a potential ceasefire between Russia and Ukraine dented the safe-haven demand. 24k gold price today declined by Rs 490 to Rs 95,020/10 grams and 24k/100 grams yellow metal prices slipped by Rs 4,900 to settle at Rs 9,50,200 on May 20, 2025. 22k gold price today plunged by Rs 450 to Rs 87,100/10 grams and 22k/100 grams precious metal shed Rs 4,500 to retail at Rs 8,71,000 on Tuesday. 18K gold price today eased by Rs 360 to Rs 71,270/10 grams and 18k/100 grams yellow metal prices stood at Rs 7,12,700 after fall of 3,600.

24k, 22k, 18K Per Gram Gold Price Today

24k per gram gold price today edged lower by Rs 49 to Rs 9,502, 22k per gram gold rate stood at Rs 8,710 after dip of Rs 45, and 18k gold price slipped by Rs 36 to settle at Rs 7,127.

Gold Prices Ease In India, May 20: 24k/100 Grams Gold Sheds Rs 4,900

Spot Gold Price Today

Spot gold declined 0.5% at $3,214.17 an ounce as of 0627 GMT. U.S. gold futures plunged 0.6% to $3,215.60. Spot silver slid 0.4% to $32.23 an ounce, platinum gained 0.8% at $1,005.45, and palladium stood flat at $974.70, according to Reuters.

How Much Gold Rate Slipped Since May 1, 2025

22k/10 grams gold rate stood at Rs 87,750 on May 1, 2025 and today gold prices are retailing at Rs 87,100/10 grams after decline of Rs 450. It shows a decline of 0.74% since May 1 to May 20, 2025. On the other hand, precious metal prices stood at Rs 71,500 on January 1, 2025 and today rates zoomed to Rs 87,100. It reflects a gain of 21.82%.

Why Gold Prices Declined Today?

The Reuters report added, “We are seeing a knee-jerk response to the U.S. credit downgrade wear off and there’s some hope of a truce between Ukraine and Russia,” said Kyle Rodda, Capital.com’s financial market analyst. “We are seeing buyers emerge on dips below $3,200. However, I think we are due a bigger pullback, especially if there’s further easing in geopolitical risks and we see upward pressure on yields building from U.S. fiscal policy.”

22k Gold Price In Last 5-Days In India (for 1 gram)

22k per gram gold price today fell by Rs 45, rallied by Rs 35 on May 19, stood steady on May 18, May 17, and surged by Rs 110 on May 16.

Silver Prices Today In India

Silver prices recorded decline in India on May 20, 2025. 1 kg silver prices on Tuesday slid by Rs 1000 to Rs 97,000. Meanwhile, 100 grams silver prices fell by Rs 100 to Rs 9,700.

Silver Prices In Last 5-Days In India (1kg)

Silver prices today fell by Rs 1000, rallied by Rs 1000 on May 19, stood unchanged on May 18, May 17, and May 16.

Where Gold Prices Are Cheapest In The World On May 20, 2025?

22k per gram gold rates are lowest in England on May 20, 2025 at Rs 8,106 followed by Kuwait at Rs 8,206. Meanwhile, 22k per gram gold rate stood most expensive in Nepal at Rs 9,113 followed by Singapore at Rs 8,682.

1 Gram Gold Rate In Key Metro Cities And States Of India On May 20, 2025

City 22K Gold Price Per Gram
Chennai Gold Price Today 22K gold rate is Rs 8,710
Mumbai Gold Price Today 22K gold price is Rs 8,710
Delhi Gold Rate Today 22K yellow metal price is Rs 8,725
Kolkata Gold Price Today 22K gold price is Rs 8,710
Bangalore Gold Price Today 22K gold rate is Rs 8,710
Hyderabad Gold Prices Today 22K gold rate is Rs 8,710
Kerala Gold Prices Today 22K gold rate is Rs 8,710
Gold Price In Lucknow Today 22K gold price is Rs 8,725
Patna Gold Rate Today 22K precious metal price is Rs 8,715

(Gold price figures source: Goodreturns.in)

Disclaimer: The story highlights gold prices and should not be considered an investment advice by Moneydaily.in or the author.  Moneydaily.in and the author will not be held responsible for any losses caused as a result of decisions based on the above information. Moneydaily.in advises readers to do their own research or consult an expert before making any investment decisions.

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