Gold Silver Rate Today, 20 March 2026: City-Wise Prices As MCX Gold And Silver See Sharp Fall

The article reports a fall in Gold Price Today in India across 24K, 22K and 18K purities, with city-level variations and broader global silver trends. It covers ETF performance, taxation, and near-term factors such as dollar strength and rupee movements shaping domestic prices.

Gold and Silver Price Today in India show steep declines on 20 March 2026, with both metals falling sharply in global and domestic markets. A stronger US dollar, hawkish central bank policy, and profit-booking are weighing on prices, even as geopolitical tensions and Indian seasonal demand offer some support.

In India, 24K gold is trading near ₹1.50 lakh per 10 grams after a fall of ₹7,140, while silver has dropped to about ₹2.59 lakh per kilogram. Global spot gold has slipped more than 3% to around $4,644 per ounce, and international silver is near $72.42 per ounce after a steep month-to-date slide.

Gold Price Today: Domestic gold rates across purities

Indian buyers face lower gold rates across all standard purities on 20 March 2026. For 24K gold with 99.9% purity, the price stands at ₹15,028 per gram and ₹1,50,280 per 10 grams, down ₹7,140 per 10 grams from the previous trading day. The 22K segment, with 91.6% purity, now costs ₹13,775 per gram and ₹1,37,750 per 10 grams, showing a one-day decline of ₹6,550 per 10 grams.

Lower-carat jewellery buyers also see softer prices. The 18K category is quoted at ₹11,271 per gram and ₹1,12,710 per 10 grams, reflecting a daily fall of ₹5,360 per 10 grams compared with 19 March 2026. The broad-based drop follows international weakness and is also influenced by the currency and local demand patterns.

Gold Price Today: Detailed gold rate tables in India

Current 24K gold prices for different quantities in India highlight the sharp single-day correction from 19 March 2026 levels, affecting small and bulk purchases alike. The table below summarises the latest data for buyers tracking changes by weight.

For 22K gold, used widely for wedding jewellery, the pattern is similar, with prices lower across all slabs. The domestic price table for 22K shows the impact of the recent downturn on different purchase quantities.

Investors and jewellery buyers considering 18K gold see lower rates as well. The following table outlines per-gram and bulk prices for 20 March 2026, along with the day-on-day change from 19 March 2026.

Gold Price Today: City-wise gold rates in major markets

Gold rates vary between Indian cities due to transport costs, local taxes, and regional demand, though the direction of change remains consistent. Among metros, Chennai shows the highest 24K quote per 10 grams at ₹1,51,640, while Mumbai, Kolkata, Bangalore, Hyderabad, and Delhi hover around the ₹1.50 lakh mark, with minor differences.

For smaller ticket purchases, per-gram city prices mirror this pattern. Chennai continues to command a slight premium, while Mumbai, Delhi, Kolkata, Bangalore, and Hyderabad share similar quotes across 24K, 22K, and 18K categories, reflecting relatively integrated wholesale supply chains.

Gold Price Today: International gold market snapshot

Globally, spot gold prices have retreated more than 3%, with the metal quoted at $4,644.60 per ounce. The intraday range so far is between $4,638.00 and $4,679.50, reflecting a weak undertone as traders react to firm guidance from major central banks and persistent geopolitical risks.

Gold futures reflected intraday softness but still show a modest daily gain versus the prior close, indicating earlier strength before the latest slide. Trading volumes and open interest figures suggest active participation as markets weigh central bank moves and geopolitical developments.

Gold Price Today: Recent gold trend in March 2026

Domestic gold prices in India during March 2026 show a consistent downtrend, with both 22K and 24K varieties sliding from their peaks. From 11 March 2026 to 20 March 2026, the 24K price per gram has moved from above ₹16,200 to just over ₹15,000.

Comparing the start and current levels of March 2026 highlights the extent of the correction. Prices have retreated from early-month highs, with both 22K and 24K touching their lowest March readings on 20 March 2026, and the overall trend remains negative.

Gold Price Today: Gold ETFs, taxes, and cost components

For investors preferring paper exposure, gold exchange-traded funds in India delivered strong long-term returns up to March 2026. Several leading funds posted five-year compound annual growth rates above 26%, reflecting the previous multi-year rally before the latest pullback.

Key metrics for ETF investors include expense ratios, liquidity, and tracking error. Cost structures differ between schemes, while heavy traded funds typically ensure easier entry and exit. Most leading funds maintained tight tracking of the underlying gold price during the period.

Physical jewellery prices in India during 2026 remain well above spot quotes due to taxes and making charges, under the “GST 2.0” regime. Buyers pay tax on both the gold value and the labour component, while import duty also feeds into the final retail price charged by jewellers.

A sample breakdown for 10 grams of 24K gold priced at ₹1,50,000 illustrates how these factors add up. On top of the basic gold value, making charges and GST significantly increase the final price a customer pays at the counter for finished jewellery.

Gold Price Today: Physical gold versus gold ETFs

Comparing jewellery with gold ETFs highlights how acquisition costs and ongoing charges differ between physical and market-linked options. Jewellery buyers pay GST and making charges upfront, while ETF investors incur brokerage and an annual expense ratio instead of fabrication-related costs.

Gold Price Today: Short-term outlook for gold

In the near term, analysts flag central bank policy as a key risk for gold prices. Continued tight monetary conditions globally can keep the US dollar strong, which usually pressures bullion, even when geopolitical tensions and safe-haven buying offer offsetting support.

Technical watchers are tracking the $4,600 level as an important near-term marker. If spot prices fall through that zone, the next major global support is seen around $4,500 per ounce. “Analysts suggest that if the dollar index continues to strengthen, gold could test $4,500 in the coming weeks.”

Indian market behaviour will also depend on the rupee, import duties, and local demand. Any rupee weakness could cushion the fall in domestic rupee prices, even if dollar quotes soften further, while the approaching wedding season may provide additional physical demand support from households.

Silver Price Today: Domestic silver rates and city prices

Silver Price Today in India shows a parallel decline to gold, with fine silver 999 quoted at ₹259.90 per gram and ₹2,59,900 per kilogram on 20 March 2026. The sterling silver 925 variant trades at ₹214.65 per gram, ₹2,146.50 per 10 grams, and ₹2,14,646 per kilogram, reflecting slightly lower purity and pricing.

Smaller silver purchases reflect a marginal day-on-day dip, with a 10-gram bar now costing ₹2,599 compared with ₹2,600 on 19 March 2026. The following table captures current and previous prices for standard quantities, illustrating the modest rupee changes alongside the larger international correction.

Silver Price Today: Silver city premiums and domestic volatility

Within India, silver prices differ by city, with southern centres trading at a premium. Chennai, Hyderabad, and Kerala quote silver around ₹2,64,900 per kilogram, whereas Mumbai, Delhi, Kolkata, and Bangalore are aligned at ₹2,59,900 per kilogram, reflecting local demand and logistics.

Across common buying slabs, Chennai, Hyderabad, and Kerala continue to show higher tags than other regions. The discount in western and northern cities may appeal to some bulk buyers, though transport and local taxes must still be considered when comparing costs.

Silver Price Today: International silver trend and March movement

Internationally, silver has seen a steeper correction than gold, with the spot price at $72.42 per ounce and down roughly 21% month-to-date as of 19 March 2026. The trading range for 20 March 2026 stands between $72.26 and $73.50 per ounce, suggesting ongoing volatility.

In rupee terms, domestic silver has swung sharply through March 2026, dropping from a peak of ₹3,15,000 per kilogram on 2 March 2026 to ₹2,59,900 per kilogram by 20 March 2026. The data below tracks recent daily levels across standard quantities in India.

Silver Price Today: Silver outlook and domestic drivers

Short-term silver prospects are closely tied to the US dollar and industrial demand. If the dollar index continues higher, international analysts see scope for silver to retest support near $70 per ounce, especially if fresh triggers for buying do not emerge soon.

“Analysts suggest that if the dollar index continues to strengthen, silver could test $70 in the coming weeks.” However, any escalation in geopolitical tensions or a stronger rebound in manufacturing and solar demand could support prices, given silver’s extensive use in electronics and renewable energy components.

Indian factors include rupee movement, import costs, and regional premiums. Southern cities like Chennai and Hyderabad generally trade ₹5,000–₹10,000 per kilogram above other centres due to stronger demand, while a weaker rupee and domestic taxes such as 3% GST and import duties influence final consumer prices.

Gold and Silver Price Today: Disclaimers and key usage notes

The gold information presented for 20 March 2026 is indicative and drawn from market sources, and does not include GST, tax collected at source, or other levies. Final purchase prices for jewellery may carry 3% GST on gold value, plus making charges between 5% and 35% depending on the design and workmanship involved.

Silver figures for India are similarly indicative and influenced by global benchmarks and currency rates. Official price boards in jewellery shops or bullion outlets may differ slightly due to local costs, retail margins, and fabrication charges, so buyers should confirm exact values and applicable taxes with nearby jewellers before finalising any purchase.

For Indian households, traders, and investors tracking Gold Price Today and Silver Price Today, the current environment reflects a sizeable correction from earlier March highs, driven mainly by dollar strength and monetary policy signals. At the same time, domestic factors like the rupee, duties, and festival or wedding demand will continue to shape local price behaviour in the near term.