Gold and Silver Price in India on 20 April 2026: Gold Crashes ₹500 to ₹1,55,290/10g on Akshaya Tritiya, Silver Holds Firm at ₹2,75,000/kg
Gold prices in India tumbled sharply on Monday, 20 April 2026, even as millions celebrated Akshaya Tritiya, the most auspicious occasion in the Hindu calendar for buying gold. 24-carat gold is priced at ₹15,529 per gram (₹1,55,290 per 10 grams), 22-carat gold at ₹14,235 per gram (₹1,42,350 per 10 grams), and 18-carat gold at ₹11,647 per gram.
On the day, 24-carat gold plunged by nearly ₹5,000 per 100 grams, or ₹500 per 10 grams, reversing last week's bullish trend. Silver, however, held its ground. Silver is steady at ₹2,75,000 per kilogram, unchanged for the second consecutive session. The decline was triggered by renewed hostilities at the Strait of Hormuz between the US and Iran, which reignited inflationary fears and crude oil buying, weakening the appeal of precious metals despite strong festival demand.
Gold and Silver Prices Today in India on 20 April 2026
| City | Gold 24K (per 10g) | Gold 22K (per 10g) | Silver (per kg) |
|---|---|---|---|
| Delhi | ₹1,55,440 | ₹1,42,500 | ₹2,75,000 |
| Mumbai | ₹1,55,290 | ₹1,42,350 | ₹2,75,000 |
| Chennai | ₹1,56,080 | ₹1,43,040 | ₹2,75,000 |
| Kolkata | ₹1,55,290 | ₹1,42,350 | ₹2,75,000 |
| Bengaluru | ₹1,55,290 | ₹1,42,350 | ₹2,75,000 |
| Hyderabad | ₹1,55,780 | ₹1,42,800 | ₹2,75,000 |
| Pune | ₹1,55,290 | ₹1,42,350 | ₹2,75,000 |
| Ahmedabad | ₹1,55,820 | ₹1,42,840 | ₹2,75,000 |
| Jaipur | ₹1,55,440 | ₹1,42,500 | ₹2,75,000 |
| Surat | ₹1,55,820 | ₹1,42,840 | ₹2,75,000 |
Rates are indicative retail prices, excluding GST, TCS, and making charges. Contact your local jeweller for exact rates.
Gold Price Today in India
24-carat gold stands at ₹15,529 per gram, 22-carat gold at ₹14,235 per gram, and 18-carat gold at ₹11,647 per gram across India today. The fall of ₹500 per 10 grams comes after a bullish trend last week, making it one of the sharpest single-day corrections in recent sessions. Chennai continues to command a small premium over other cities, in keeping with its traditionally higher local demand and transport costs. The physical market decline, whilst significant, is considerably more modest than the losses seen on futures exchanges.
Silver Price Today in India
Silver is priced at ₹275 per gram and ₹2,75,000 per kilogram in India today. Unlike gold, silver rates are unchanged, flat for the second day in a row, with 1 kg silver at ₹2.75 lakh, 100 grams at ₹27,500, and 10 grams at ₹2,750. The resilience in physical silver prices stands in stark contrast to the sharp losses recorded on MCX silver futures, suggesting that retail and industrial demand is providing a floor at current levels.
Why Did Gold Prices Fall on Akshaya Tritiya?
Gold rates in India crashed on Monday, tracking a weak broader market due to renewed hostilities at the Strait of Hormuz between the US and Iran. This brought back inflationary fears and energy crisis concerns, making the dollar and crude oil attractive whilst dulling the appeal of precious metals.
The decline in gold prices occurred despite the celebration of Akshaya Tritiya, a key auspicious festival where precious metals demand is typically huge. Festival buying provided some cushion to physical prices, but it was not enough to overcome bearish global signals. The US dollar index climbed back on the back of geopolitical risk, further suppressing gold's international appeal.
Physical gold and silver performance remained considerably better than the performance of gold and silver futures on MCX, suggesting that Indian retail buyers showed resilience on this auspicious occasion even as institutional and futures traders turned cautious.
MCX Gold and Silver Prices Today
MCX gold with June 2026 expiry dropped by ₹1,737 or 1.12% to ₹1,52,872 per 10 grams, trading near its intraday low of ₹1,52,799 per 10 grams. MCX silver took the hardest hit, crashing by ₹5,471 or 2.13% to ₹2,51,671 per kg, near its intraday low. Both contracts are under sustained selling pressure in morning trade, closely mirroring declines in international spot gold and silver prices.
Short-Term Outlook
MCX gold is holding above the ₹1,52,000 level as a near-term support zone. The direction of precious metals in the coming sessions will largely depend on how the Strait of Hormuz situation evolves and whether crude oil and the US dollar sustain their current strength. Silver's flat physical rate suggests the white metal may stabilise faster than gold if global risk appetite improves. Traders are advised to stay cautious and track international cues before making fresh commitments.
FAQs
What is the gold price today in India?
On 20 April 2026, 24-carat gold is priced at ₹15,529 per gram or ₹1,55,290 per 10 grams as per Goodreturns data.
What is the silver price today per kg in India?
Silver is trading at ₹2,75,000 per kg today, or ₹275 per gram, unchanged for the second consecutive session.
What is the 22K gold rate today?
The 22-carat gold rate today is ₹14,235 per gram, or ₹1,42,350 per 10 grams across most major Indian cities.
Why did gold prices fall on Akshaya Tritiya 2026?
Renewed US-Iran hostilities in the Strait of Hormuz strengthened the US dollar and sent crude oil sharply higher, dampening gold's safe-haven appeal even on one of India's biggest gold-buying days.
