Mumbai/New Delhi: Precious metal prices in the domestic market showed a modest uptick on March 20, 2026, amid ongoing global demand and inflationary factors. According to reports from DNA India, 24-carat gold is trading at Rs 15,966 per gram nationally, while 22-carat gold stands at Rs 14,365 per gram. Silver is quoted at Rs 2,75,000 per kilogram, with sterling silver (925 purity) slightly lower at Rs 2,74,900 per kg.
These rates reflect influences from international benchmarks, rupee-dollar fluctuations, and sustained domestic demand for jewellery, especially with upcoming festive and wedding seasons in mind. Gold and silver continue to serve as key investment and cultural assets in India.
Gold Rates (per gram) – March 20, 2026:
- Delhi: 24K – Rs 15,981; 22K – Rs 14,650
- Mumbai: 24K – Rs 15,966; 22K – Rs 14,365
- Kolkata: 24K – Rs 15,966; 22K – Rs 14,365
- Chennai: 24K – Rs 16,102; 22K – Rs 14,780
Chennai records the highest quotes among the listed cities, likely due to regional variations including local taxes and making charges, while Mumbai and Kolkata align closely with the national average.
ALSO READ : Sensex, Nifty Open Higher as Oil Prices Ease After Sharp Crash
Silver Rates (per 10 grams for 999 purity) – March 20, 2026:
- Delhi: Rs 2,750
- Mumbai: Rs 2,750
- Kolkata: Rs 2,750
- Chennai: Rs 2,750
Silver prices remain uniform across these major centres at Rs 2,750 per 10 grams (equivalent to Rs 2,75,000 per kg), underscoring its appeal for both ornamental use and industrial applications.
The article from DNA India highlights that such fluctuations are typical, driven by a mix of global market dynamics and local consumption patterns. Investors and buyers are advised to check with local jewellers for final rates, as additional charges for making, GST, and TCS may apply.
No specific references to commodity exchanges like MCX or international spot prices were detailed in the report, but the trends point to a stable yet slightly elevated sentiment in the precious metals segment.