Crude oil crossed $100 due to Hormuz crisis, but gold became cheaper. Know what is the price of 10 grams of gold in your city.

News India Live, Digital Desk: Amid the global energy crisis, gold prices were seen softening in Indian markets today. News of the re-closure of the Strait of Hormuz due to increasing tensions between the US and Iran has increased crude oil prices by 7%, taking Brent crude close to $100 per barrel. But on the contrary, gold prices have declined due to profit booking by investors amid the strengthening of the dollar and the fear of rising inflation. Why did the price of gold fall? Generally, gold is considered a safe investment in the event of a war, but this time the situation is a little different: Strong Dollar: The dollar index has strengthened amid global tension, due to which buying gold in other currencies has become expensive and demand has decreased. Fear of inflation: Due to rising oil prices, inflation may increase at the global level. There is fear. Investors feel that this will prevent central banks (like the US Fed) from cutting interest rates, which is negative for gold. ‘Fire’ in crude oil: Impact of the Hormuz crisis. The Strait of Hormuz handles about 20% of the world’s total oil trade. There is a threat of disruption of oil supply in the global market due to Iran’s threat to shut it down and American military movements. That is why the prices of crude oil have been rising like a rocket since this morning. Gold price in your city today (20 April 2026) Today’s 24 carat and 22 carat gold prices in major cities of India are as follows (approximate rates, GST extra): City24K Gold (10 grams)22K Gold (10 Gram)Delhi₹1,51,080₹1,43,890Mumbai₹1,51,080₹1,43,890Lucknow₹1,49,470₹1,42,350Chennai₹1,51,080₹1,43,890Investment Advice: What to do?Market experts believe that until the war situation in the Gulf countries is not cleared, there will be instability in the market. Will remain. If you want to invest for the long term, this fall in prices can be a good opportunity. However, do confirm the latest rates with your nearest jeweler or bank before purchasing.