Gold & Silver Prices Today, 20 May 2025: Gold at Rs 93,005/10g, Silver at Rs 95,325/kg; check city-wise gold rate

Gold & Silver Prices Today, 20 May 2025: Gold and silver prices witnessed a mixed session on Monday, with domestic futures dipping even as global prices edged higher due to heightened safe-haven demand following a credit downgrade of the United States by Moody’s.

On the Multi Commodity Exchange (MCX), gold futures for June delivery fell by Rs 303 or 0.32 per cent, closing at Rs 93,005 per 10 grams. Silver futures for May delivery declined by Rs 370 or 0.39 per cent, ending the session at Rs 95,325 per kilogram.

In contrast, international markets saw upward momentum. Spot gold climbed 0.9 per cent to $3,229.51 per ounce by 1715 GMT, while US gold futures settled 1.5 per cent higher at $3,233.50. The gains were driven by a weaker US dollar and increased investor demand for safe-haven assets after Moody’s downgraded the US government’s credit rating from “Aaa” to “Aa1”, citing escalating debt levels and rising interest burdens.

“Gold is a safe bet considering the US downgrade,” said Bob Haberkorn, Senior Market Strategist at RJO Futures. “This is a buy-and-hold market for now.”

The dollar index fell to its lowest level since May 8, settling at 100.23 with a 0.71per cent loss. The weaker greenback made gold more attractive for holders of other currencies. Wall Street also saw declines, compounding global market jitters.

Adding to market uncertainty, US Treasury Secretary Scott Bessent warned of new tariffs if trading partners fail to negotiate in “good faith”. At the same time, geopolitical developments offered mixed signals, as Russian President Vladimir Putin, following a call with US President Donald Trump, suggested progress toward a potential peace accord with Ukraine.

Despite these hopeful signs, analysts noted that expectations of a ceasefire could cap further gains in precious metals. “Gold and silver gained on safe-haven buying but Russia-Ukraine peace deal hopes could limit upside,” said Manoj Jain, Director at India Nivesh.

Gold has surged 23.1 per cent year-to-date and is trading near record highs. Goldman Sachs has maintained its bullish outlook, projecting prices to reach $3,700 per ounce by the end of the year and $4,000 by mid-2026.

Meanwhile, silver was up 0.3 per cent to $32.36 an ounce. Platinum demand in China also showed signs of revival, contributing to a deeper-than-expected global deficit, according to the World Platinum Investment Council. Palladium rose 1.1 per cent to $998.26 per ounce.

In the domestic market, Friday’s session ended positively. Gold June futures had settled at Rs 93,297 per 10 grams, up 0.93 per cent, and silver July futures at Rs 95,453 per kilogram, up 0.14 per cent.

Technical analysts expect continued volatility. Gold is seeing resistance at $3,264 and support at $3,140 per ounce. On MCX, gold has support at Rs 92,750–Rs 92,200 and resistance at Rs 93,850–Rs 94,400. Silver support lies at Rs 94,800–Rs 94,000 with resistance at Rs 96,000–Rs 96,650.

The rupee also showed volatility, closing at 85.4625 against the dollar with a 0.18 per cent gain, supported by domestic equities but constrained by rising crude prices and trade deficits.

Looking ahead, analysts expect precious metals, the dollar index, and the rupee to remain volatile amid geopolitical developments and fluctuating global market sentiment.

Retail Gold Prices Across Major Indian Cities (May 15, 2025):

City	24K	22K
Mumbai	Rs 9,502	Rs 8,710
Delhi	Rs  9,517	Rs 8,725
Chennai	Rs  9,502	Rs 8,710
Kolkata	Rs  9,502	Rs 8,710
Bengaluru	Rs  9,502	Rs 8,710

Gold Price in Mumbai:
In Mumbai, the price of 22-karat gold stood at Rs 8,710 per gram, while 24-karat gold was priced at Rs 9,502 per gram.

Gold Price in Delhi:
The national capital recorded 22K gold at Rs 8,725 per gram, with 24K gold available at Rs 9,517 per gram.

Gold Price in Chennai:
Gold rates in Chennai were slightly lower, with 22K gold at Rs 8,710 per gram and 24K gold at Rs 9,502 per gram.

Gold Price in Kolkata:
In Kolkata, 22-karat gold was priced at Rs 8,710 per gram, and 24-karat gold was selling at Rs 9,502 per gram.

Gold Price in Bengaluru:
Bengaluru saw 22K gold trading at Rs 8,710 per gram, while 24K gold was available at Rs 9,502 per gram.

Gold Price in Kerala:
Pune saw 22K gold trading at Rs 8,710 per gram, while 24K gold was available at Rs 9,502 per gram.