Gold prices rebound on March 20 in India. Check latest 22K & 24K gold rates per gram in Delhi, Mumbai, Bengaluru, Chennai, Kolkata, and other major cities.
Gold prices rebounded sharply on Friday, March 20, after a steep decline in the previous session. The 22K and 24K gold rates in India saw a noticeable recovery, reflecting easing tensions in West Asia and improved sentiment in bullion markets. Silver prices also rose alongside gold, showing strong gains across major exchanges.
On the Multi Commodity Exchange (MCX), April delivery gold futures touched an intraday high of Rs 1,48,302 per 10 grams, up Rs 3,348 or 2.30%. At the last count, gold was trading at Rs 1,47,534 per 10 grams, higher by Rs 2,580 or 1.78% from the previous close. Silver futures for May delivery gained 3.68% to Rs 2,40,000 per kg.
Gold experts attribute the recent rebound to easing geopolitical tensions in West Asia. “Gold prices have stabilized in early trade, recovering after the recent sharp fall,” said Manav Modi, commodities analyst at Motilal Oswal Financial Services. The rise in gold prices comes despite ongoing inflation concerns and strong US dollar trends.
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Gold Rates in Major Cities on March 20
Delhi: 24K – Rs 15,108 | 22K – Rs 13,850 | 18K – Rs 11,335
Mumbai: 24K – Rs 15,093 | 22K – Rs 13,835 | 18K – Rs 11,320
Bengaluru: 24K – Rs 15,093 | 22K – Rs 13,835 | 18K – Rs 11,320
Chennai: 24K – Rs 15,218 | 22K – Rs 13,950 | 18K – Rs 11,640
Kolkata: 24K – Rs 15,093 | 22K – Rs 13,835 | 18K – Rs 11,320
Other major cities such as Hyderabad, Ahmedabad, Lucknow, and Coimbatore also recorded similar gains in gold rates today.
Why Gold Prices Are Rising
The rise in gold prices today reflects increased safe-haven demand as investors seek security amid global uncertainties. After a previous fall where 22K gold prices dipped below Rs 13,800 per gram in several cities, the market has now stabilized. Traders note that the recovery in gold rates provides a positive signal for both investors and consumers looking to buy jewelry or bullion.
Investors and buyers in India are closely watching gold prices today, especially 22K and 24K gold rates per gram, as the metal regains momentum. With silver also showing gains, the precious metals market is showing signs of stabilization after last week’s sharp correction.
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