Gold Rate Today (May 20, 2026): Gold Rises for 2nd Straight Session; 24K Adds ₹1,310 per 10 gram 

Mumbai, May 20: Gold prices in India extended their recovery for a second consecutive session on Wednesday, building on Tuesday’s bounce as buyers continued to return to the market following last week’s steep post-tariff correction.

The national price of 24-karat gold (99.9% purity) rose to ₹1,58,350 per 10 grams, gaining ₹1,310 over Tuesday’s ₹1,57,040. The 22-karat rate (91.6% purity) climbed to ₹1,45,150 per 10 grams, up ₹1,200 from Tuesday’s ₹1,43,950. The 18-karat price (75% purity) advanced to ₹1,18,760 per 10 grams, rising ₹980 from Tuesday’s ₹1,17,780. On a per-gram basis, 24K gold now stands at ₹15,835, 22K at ₹14,515 and 18K at ₹11,876 — up ₹131, ₹120 and ₹98 respectively on the day.

Wednesday’s ₹1,310 gain in 24K gold is the largest single-session advance since the post-tariff correction began, and marks a meaningful acceleration from Tuesday’s ₹820 recovery. The two-session rebound has now clawed back ₹2,130 per 10 grams in 24K, partially offsetting the ₹11,640 that was erased over the three-session slide from last Wednesday’s tariff-shock peak of ₹1,67,860.

The firming tone in domestic prices tracks a recovery in international gold spot rates, with geopolitical uncertainty around the West Asia conflict and a softer US dollar lending fresh support to safe-haven demand for the metal. Jewellers and retail buyers, who had remained on the sidelines through last week’s volatility, are reportedly beginning to re-engage at current levels, though bullion trade sources caution that the structurally elevated domestic premium over international prices — a direct consequence of the government’s 15 per cent import duty — continues to act as a headwind to a full demand recovery.

City-Wise Gold Rates: Southern and Western India

Chennai remained the most expensive gold market among India’s major cities on Wednesday, quoting 24-karat gold at ₹1,60,910 per 10 grams, 22-karat at ₹1,47,500 and 18-karat at ₹1,23,350 — a premium that once again reflects the structural demand dynamics and association-driven pricing norms that distinguish Tamil Nadu’s bullion market from the rest of the country. Mumbai, Kolkata, Bangalore, Hyderabad, Kerala and Pune were all uniformly pegged at the national benchmark of ₹1,58,350 for 24-karat, ₹1,45,150 for 22-karat and ₹1,18,760 for 18-karat gold per 10 grams, continuing the pattern of tight pricing convergence that has held across these cities through a week of considerable volatility.

Delhi quoted 24-karat gold at ₹1,58,500 per 10 grams, 22-karat at ₹1,45,300 and 18-karat at ₹1,18,910 on Wednesday a modest but consistent premium above the national benchmark that reflects the capital’s higher dealer margins and its position as one of India’s most active retail jewellery markets.

Vadodara and Ahmedabad were both quoted at ₹1,58,400 for 24-karat, ₹1,45,200 for 22-karat and ₹1,18,810 for 18-karat gold per 10 grams, staying true to Gujarat’s long-standing convention of pricing modestly above Mumbai. Across all cities, Wednesday’s gains moved in uniform lockstep, confirming that the recovery is being driven by national and global macro forces — rather than localised demand — as the market steadily rebuilds confidence following last week’s tariff-shock turbulence.

Source:

• goodreturns.in | Wednesday, May 20, 2026