Gold and Silver Prices in India Today, 20 June 2026: 24K Gold Holds at ₹1,47,530, Silver at ₹2,33,820 as MCX Stays Shut for the Weekend

Gold and silver prices in India held steady on Saturday, 20 June 2026, with no fresh movement recorded as bullion associations did not revise rates over the weekend. As of 12:40 PM IST, 24K gold is at ₹1,47,530 per 10 grams and silver 999 Fine is at ₹2,33,820 per kg, unchanged from Friday, according to Bullions.co.in.

The Multi-Commodity Exchange remains closed on Saturdays, so there is no live intraday trading today. Friday's session had seen a sharp sell-off after the US Federal Reserve's updated rate projections under new Chair Kevin Warsh signalled a more hawkish path, and today's flat rates simply carry forward that closing picture into the weekend.

Quick Snapshot

Source: Bullions.co.in. Last updated 20 Jun 2026, 12:40 PM IST. Bullion associations do not revise rates over the weekend; today's figures reflect Friday's closing levels.

City-Wise Gold and Silver Rates Today, 20 June 2026

Prices vary across cities due to state taxes, local duties, and logistics costs. As it is a weekend, rates remain unchanged from Friday's close across all major cities.

Rates are indicative bullion prices as of 20 June 2026. Jewellery purchases include additional making charges and GST. Chennai typically carries a premium over other cities.

Gold and Silver Prices in India Today, 19 June 2026: 24K Gold Crashes ₹2,750 to ₹1,46,910, Silver Plunges 2.90% as Fed Signals Rate Hike Ahead

Gold and silver prices in India today, 19 June 2026: 24K gold crashed 1.84% to ₹1,46,910 per 10g and silver plunged 2.90% to ₹2,31,770 per kg, after the Fed’s hawkish dot plot under new Chair Kevin Warsh signalled a possible rate hike this year. Check city-wise rates and MCX data.

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Gold Price Analysis Today

24K gold is unchanged at ₹1,47,530 per 10 grams today, exactly matching Friday's closing level. With no fresh bullion association quotes over the weekend, the real story remains Friday's sharp decline, when gold fell after the Fed's updated dot plot under Kevin Warsh showed the median year-end 2026 rate projection rising to 3.8%, up from 3.4% previously.

Friday's session confirmed that the Fed now sees at least one rate hike as more likely than markets had priced in, with nine of nineteen committee members anticipating at least one hike this year. This shift, combined with easing geopolitical tensions following the Strait of Hormuz reopening, removed much of the safe-haven support that had been propping up gold through mid-June.

Compared to a week ago, gold is down 2.23% from ₹1,50,900 recorded on 13 June. The picture over the past month is sharper still, with gold down 8.04% from ₹1,60,420 on 21 May. Despite the recent correction, gold remains up 48.57% year-on-year from ₹99,300 a year ago, a reminder that the broader long-term trend remains firmly positive even after a volatile June.

Silver Price Analysis Today

Silver 999 Fine is also unchanged today at ₹2,33,820 per kg, matching Friday's close. Silver had fallen sharply on Friday as well, dropping in tandem with gold after the Fed's hawkish signal overshadowed otherwise supportive fundamentals tied to industrial demand.

Silver's slightly larger weekly decline compared to gold reflects its higher sensitivity to shifts in interest rate expectations, since a more hawkish Fed raises borrowing costs broadly and can dampen the industrial and manufacturing activity that underpins a meaningful share of global silver demand. Compared to a week ago, silver is down 5.58% from ₹2,47,630 recorded on 13 June, and down 15.14% from ₹2,75,550 a month ago on 21 May.

Even after this pullback, silver's year-on-year performance remains exceptional, up 118.99% from ₹1,06,770 a year ago. With markets now closed until Monday, the next meaningful move in silver will likely depend on fresh commentary from Fed Chair Kevin Warsh or any further developments on the geopolitical front over the weekend.

MCX Data: Friday's Closing Levels (19 June 2026)

The Multi-Commodity Exchange is closed on Saturdays, so there is no fresh intraday trading data today. The table below reflects Friday's final closing levels, which remain the most relevant reference point until trading resumes on Monday.

Gold Futures (August 2026 Contract) — Friday's Close

Silver Futures (July 2026 Contract) — Friday's Close

Source: Bullions.co.in Live Exchange Rates, last updated 20 Jun 2026, 12:40 PM IST, carrying forward Friday's session data since MCX does not trade on Saturdays.

Friday's session confirmed a clear hawkish repricing across both metals, with gold down 1.39% and silver down a sharper 2.04% on MCX. With no trading today or tomorrow, all eyes will turn to Monday's opening session, where markets will look for any fresh remarks from Fed Chair Kevin Warsh or developments tied to the US-Iran ceasefire for the next directional cue.

Key Factors Influencing Prices This Weekend

• MCX Closed for the Weekend: The Multi Commodity Exchange does not trade on Saturdays and Sundays. Today's retail rates simply reflect Friday's closing bullion association quotes, with no fresh price discovery happening until Monday.
• Fed's Hawkish Dot Plot Still the Dominant Theme: Friday's sharp fall was driven by the Fed's updated projections under Kevin Warsh, which showed a higher median rate estimate for year-end 2026. This remains the key overhang heading into next week.
• Easing Geopolitical Risk Reducing Safe-Haven Demand: With the Strait of Hormuz reopening and the US-Iran ceasefire holding, the geopolitical risk premium that had supported gold and silver through much of June continues to fade, compounding pressure from the hawkish Fed stance.
• Stronger US Dollar: A more hawkish rate outlook is supporting the US dollar, which makes gold and silver costlier for non-dollar buyers and adds to the headwinds facing both metals.
• Monday's Reopening Will Be the Key Trigger: Since there is no trading today, any weekend news on Fed commentary, US-Iran developments, or shifts in global risk sentiment will be priced in only when MCX reopens on Monday.

Smart Buying Tips

Weekends are a good time to plan, not panic. With no live price movement today, this is a useful window to review your investment plan and decide on staged entry points for the week ahead, rather than reacting to last week's volatility.

Watch for Monday's opening cues. Gold and silver could gap up or down at Monday's open depending on weekend developments. Avoid placing large orders right at the open; let the first hour of trading settle before acting.

This dip remains attractive for long-term, staged buyers. Despite last week's fall, gold is still up 48.57% and silver up 118.99% year-on-year. A weekend pause is a reasonable time to plan modest, staggered purchases rather than a single lump-sum buy.

Always insist on BIS hallmarking. Every piece of gold jewellery should carry a six-digit HUID confirming government-certified purity, an important check regardless of which day you choose to buy.

FAQs

Why are gold and silver prices unchanged today?
Today is Saturday, and the Multi Commodity Exchange does not trade on weekends. Bullion associations across India also typically do not revise their rates on Saturdays and Sundays unless there is an exceptional development. As a result, today's prices simply carry forward Friday's closing levels.

When will gold and silver prices update next?
Prices will next update when the Multi Commodity Exchange reopens for trading on Monday. Domestic bullion association rates typically follow international price movements once markets resume, so any weekend developments will be reflected in Monday's opening rates.

Should I wait until Monday to buy gold or silver?
There is no live price discovery over the weekend, so today's rates are not expected to change. If you are planning a purchase, you may use this pause to finalise your budget and approach, and place your order once trading resumes on Monday with updated, live pricing.