Gold Silver: Gold and silver made a strong comeback, silver became costlier by ₹ 8,488 as soon as the market opened, gold rose by ₹ 3,348

Gold-Silver Price Today 20 March 2026: Gold and silver prices in India witnessed a rise on Friday, driven by rising international bullion prices and recovery from losses in the previous session. On the Multi Commodity Exchange (MCX), gold rates for April futures contracts opened at ₹1,48,302 per 10 grams, an increase of ₹3,348 or 2.30% from the previous closing price of ₹1,44,954.

At the same time, the silver rate for May future contract opened at ₹ 2,39,948 per kg, which is ₹ 8,488 or 3.66% more than the previous closing price of ₹ 2,31,460. During this period, silver on MCX reached a high level of ₹ 2,40,000, which is a rise of ₹ 8,540 or 3.86%.

condition of international gold market

However, gold prices were on the decline for the third consecutive week due to the strengthening of the dollar and the US Federal Reserve’s tough stance, which has reduced expectations of interest rate cuts. Spot gold rose 0.2% to $4,657.50 an ounce, while US gold futures for April delivery rose 1.1% to $4,657.90. Gold prices have fallen by more than 7% so far this week. Spot silver also rose 0.1% to $73 an ounce.

The strengthening of the dollar made dollar-denominated bullion expensive for investors holding assets in other currencies. Crude oil prices remain high due to the closure of the Strait of Hormuz due to US-Iran tensions in the Middle East, adding to inflationary pressures. Rising inflation generally increases the hedge appeal of gold, while higher interest rates reduce demand for this non-yielding asset.

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Rise in prices of other metals also

Talking about other precious metals, almost all precious metals saw a jump in prices, where spot platinum price increased by 0.1% to $1,972.80 and palladium price increased by 0.4% to $1,452.21. However, a decline of 2.50 percent was recorded in the prices of crut oil. Crude oil prices fell to around $105 a barrel from $119 as major economies tried to secure shipping routes through the Strait of Hormuz and increase supply.