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Gold Prices Today, August 20: In Mumbai, the price of gold stands at Rs 91,800 per 10 grams for 22-carat and Rs 1,00,150 per 10 grams for 24-carat.
Gold Price Today, August 20.
Gold, Silver Prices In India Today, August 20: Gold prices on Wednesday fell to a near three-week low in the international market, as the dollar firmed while investors awaited the US Federal Reserve’s Jackson Hole symposium later this week for clues on the path for monetary policy. In India, the price of gold stood at Rs 91,800 per 10 grams for 22-carat and Rs 1,00,150 per 10 grams for 24-carat in Mumbai.
The price of silver stood at Rs 1,15,900 per kg.
In the futures market on the MCX, gold futures (expiring on August 5, 2025) fell 0.09% to trade at Rs 98,611 per 10 grams, while silver (expiring on September 5, 2025) was trading down by 0.42% at Rs 1,10,880 per kg in the morning trade.
What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On August 20?
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 91,950 | Rs 1,00,300 |
| Jaipur | Rs 91,950 | Rs 1,00,300 |
| Ahmedabad | Rs 91,850 | Rs 1,00,200 |
| Patna | Rs 91,850 | Rs 1,00,200 |
| Mumbai | Rs 91,800 | Rs 1,00,150 |
| Hyderabad | Rs 91,800 | Rs 1,00,150 |
| Chennai | Rs 91,800 | Rs 1,00,150 |
| Bengaluru | Rs 91,800 | Rs 1,00,150 |
| Kolkata | Rs 91,800 | Rs 1,00,150 |
International Gold Prices
In the international market, US spot gold was down 0.1% at $3,313.51 per ounce, as of 0240 GMT, after reaching its lowest level since August 1. US gold futures for December delivery fell 0.1% to $3,355.50.
The U.S. dollar index climbed to its highest level in more than a week, making gold less affordable for buyers using other currencies.
Powell is due to speak at the Kansas City Federal Reserve’s Jackson Hole symposium on Friday and investors are watching for any clues on monetary policy trajectory.
Minutes of the Fed’s July meeting, due later in the day, are anticipated to offer further insights into the central bank’s policy stance.
Interest rate futures point to two rate cuts of 25 basis points each this year, with the first one expected in September.
Gold typically performs well in a low-interest-rate environment and amid heightened uncertainties.
What Factors Affect Gold Prices In India?
International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.
In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.
With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More
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