Gold and silver prices in India declined sharply on Monday, April 20, 2026, amid volatility in global markets. Both precious metals traded under pressure on the domestic futures market, Multi Commodity Exchange (MCX), providing relief to investors and buyers.
In early trade, gold and silver prices registered declines, with both metals witnessing pressure from the opening session. Gold futures contracts saw a notable drop. On the Multi Commodity Exchange (MCX), the gold futures contract with June 5, 2026 expiry traded lower by approximately ₹1,600.
This decline on the Multi Commodity Exchange of India is considered significant for investors, as gold is generally regarded as a safe investment option.
The gold futures contract with June 5, 2026 expiry on MCX declined by around ₹1,600.
The opening price stood at ₹1,53,158 per 10 grams, compared with the previous session’s closing price of ₹1,54,609. At 10:05 AM, the price was recorded at ₹1,53,018, reflecting a decline of approximately 1.03%. During early trade, gold touched a high of ₹1,53,251 before weakening.
Silver prices also recorded a sharp decline. On MCX, the silver contract with May 5, 2026 expiry fell by approximately ₹5,110, indicating a decline of around 1.99%.
The opening price for silver was ₹2,53,453 per kilogram, with the day’s high recorded at ₹2,54,089.
The decline indicates the impact of global cues on the domestic market.
In major Indian cities, silver prices were reported at ₹2,750 per 10 grams in Delhi, Mumbai, and Kolkata, and ₹2,800 per 10 grams in Chennai. The price for 100 grams of silver stood at approximately ₹27,500.
Gold prices across major cities (per 10 grams) were as follows:
In Delhi, 24-carat gold was priced at ₹1,55,440, 22-carat at ₹1,42,500, and 18-carat at ₹1,16,620. In Mumbai, 24-carat gold was priced at ₹1,55,290, 22-carat at ₹1,42,350, and 18-carat at ₹1,16,470. In Chennai, 24-carat gold was priced at ₹1,56,650, 22-carat at ₹1,43,590, and 18-carat at ₹1,19,790. In Kolkata, 24-carat gold was priced at ₹1,55,290, 22-carat at ₹1,42,350, and 18-carat at ₹1,16,470. In Ahmedabad, 24-carat gold was priced at ₹1,55,340, 22-carat at ₹1,42,400, and 18-carat at ₹1,16,520. In Lucknow, 24-carat gold was priced at ₹1,55,440, 22-carat at ₹1,42,500, and 18-carat at ₹1,16,620. In Patna, 24-carat gold was priced at ₹1,55,340, 22-carat at ₹1,42,400, and 18-carat at ₹1,16,520. In Hyderabad, 24-carat gold was priced at ₹1,55,290, 22-carat at ₹1,42,350, and 18-carat at ₹1,16,470.
According to experts, multiple factors may be contributing to the decline in gold and silver prices. Price corrections are typically viewed as investment opportunities. However, given market volatility, investors are advised to exercise caution.
