Gold and silver prices witnessed a notable drop on Wednesday, May 20, 2026, reflecting broader market movements in precious metals. According to live updates from commodity exchanges, June-delivery gold futures on the MCX traded around ₹1,58,416 per 10 grams, while July-delivery silver futures declined by approximately 0.83 percent to about ₹2,67,880 per kg.
Goodreturns website data indicated that 24-carat gold stood at ₹15,835 per gram, with silver prices hovering near ₹2,80,000 per kg.
City-wise Gold Rates (as of May 20, 2026)
Delhi:
– 24-carat gold: ₹15,850 per gram
– 22-carat gold: ₹14,530 per gram
– 18-carat gold: ₹11,891 per gram
Mumbai:
– 24-carat gold: ₹15,835 per gram
– 22-carat gold: ₹14,515 per gram
– 18-carat gold: ₹11,876 per gram
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Chennai:
– 24-carat gold: ₹16,091 per gram
– 22-carat gold: ₹14,750 per gram
– 18-carat gold: ₹12,335 per gram
These rates reflect retail prices in major metropolitan areas and may vary slightly depending on local making charges, taxes, and purity certifications. The downward trend in bullion prices comes amid ongoing global economic factors influencing international spot prices and domestic demand patterns.
Market participants continue to monitor futures contracts closely, as MCX gold and silver remain sensitive to international cues, currency fluctuations, and macroeconomic developments. Silver, in particular, showed a sharper percentage decline in futures trading compared to gold on the day.
Consumers and investors looking to buy or sell physical gold and silver are advised to check with authorized jewelers and local bullion dealers for the most accurate prevailing rates, as city-specific variations persist due to logistical and demand differences.
This update is based on information from Jansatta and associated market sources as of mid-morning on May 20, 2026. Prices in the bullion market are subject to rapid changes throughout the trading session.