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Gold prices edged higher across India on March 20, 2026. The increase reflects the gains in global bullion markets and futures trade. The prices of 24-karat gold, which has 99.9 percent purity, were quoted at Rs. 15,093 per gram, whereas 22-karat gold was quoted at Rs. 13,835 per gram. 18-karat gold was trading at Rs. 11,320 per gram based on retail market trends.
Silver prices were also firm and were quoted in a range of Rs. 255 and Rs. 264.90 per gram in major cities and states. In terms of kilograms, silver prices were quoted at a range of Rs. 2,55,000 and Rs. 2,64,900.
Gold and silver prices showed similar value levels throughout major metropolitan areas in India. However, tax charges and shipping expenses are causing a difference in price levels.
Chennai showed the highest gold price for all cities, while Delhi offered higher gold prices than Mumbai and Hyderabad.
Global markets showed positive signals, which led to an increase in domestic bullion prices after crude oil prices dropped by nearly 2%. The domestic market showed a 2% increase in gold prices, which reached Rs. 1.48 lakh per 10 grams on the Multi-Commodity Exchange (MCX). Silver prices increased by 3% and reached a value above Rs. 2.38 lakh per kilogram.
Market participants engaged in bargain buying after the recent decline, which led to a 1.5% increase in both spot gold and silver prices on global markets.
Also Read: Gold, Silver Tumble after Fed Pause; Festive Buying Hopes Hold
The current bullion price increases that occurred today will experience a decline throughout the upcoming week because of high energy costs, together with geopolitical conflicts, which have increased inflation worries. The central banks' hawkish statements will restrict bullion prices from achieving substantial growth during the upcoming days.
