Gold Prices Today in Mumbai, Bengaluru, Chennai, Hyderabad, Delhi & Kolkata – May 20, 2025

Gold Prices Today Across India – May 20, 2025

Gold, long considered a safe haven for Indian investors and a symbol of prosperity in households, continues to reflect a mix of domestic sentiments and global cues. On May 20, 2025, gold prices witnessed steady movement with some regional variations across India’s leading metropolitan cities.

Let’s take a detailed look at how 22-carat and 24-carat gold are priced today in key urban markets including Mumbai, Bengaluru, Chennai, Hyderabad, New Delhi and Kolkata.

City-wise Gold Rates – May 20, 2025

These prices are indicative averages sourced from major jewellers and local bullion markets. Prices may differ slightly depending on jeweller margins, local taxes, and city-specific demand.

What Influences Daily Gold Rates in India?

Gold prices in India don't function in isolation. Several factors contribute to fluctuations in daily rates across different cities:

1. Global Gold Prices

The primary driver is international gold price movements, influenced by factors like inflation data, interest rate expectations, geopolitical events, and dollar strength. If global gold rates rise due to uncertainty or weak economic data, domestic prices usually follow suit.

2. Rupee vs Dollar

Since gold is traded internationally in USD, any depreciation in the rupee increases the landed cost of gold in India. Conversely, a strong rupee could keep domestic gold prices in check despite international spikes.

3. Import Duties and GST

India imports most of its gold. Changes in customs duties or GST can directly impact retail prices. For instance, any hike in import duty increases final costs to consumers.

4. Demand from Jewellers and Festivals

City-wise demand varies. In cities like Chennai or Hyderabad, where gold demand is more culturally rooted, prices might reflect festive buying trends more than global news. Weddings and festivals usually see increased demand, pushing up prices temporarily.

City-Wise Analysis: What’s Driving the Rates?

 Mumbai

Mumbai, being India’s financial capital, often sets the benchmark for gold pricing. On May 20, prices are holding firm due to steady buying interest and tight supply. Traders in Zaveri Bazaar have indicated balanced demand from retailers and investors.

 Bengaluru

In Bengaluru, today’s gold rate is marginally lower than Mumbai due to slightly lesser local demand. Tech professionals and NRIs often choose digital gold or ETFs, impacting physical gold purchases here.

 Chennai

Known for its love for gold, Chennai has the highest 22K rate today. Local buying ahead of upcoming regional festivals has increased. Gold shops in T. Nagar reported consistent walk-ins over the weekend.

 Hyderabad

Hyderabad prices mirror Mumbai’s closely. With stable demand and limited stock inflow, retailers have maintained a moderate premium. Market insiders say that demand is more investment-oriented this week.

 New Delhi

Delhi has seen marginally higher prices due to strong buying from North Indian jewellers stocking up for upcoming wedding bookings. Retailers expect prices to climb further if international trends continue.

 Kolkata

In Kolkata, the rate remains competitive, driven by moderate demand. The city's gold market is seeing footfalls from both investors and wedding buyers, keeping prices stable.

Comparison with Previous Week

Here’s a comparison of today’s rates with last Monday, May 13:

The weekly trend shows a steady upward move, driven by global gold stability and minor rupee depreciation. Investors and jewellers alike are keeping an eye on US Fed announcements and inflation data.

Should You Buy Gold Now?

Whether today is a good time to buy gold depends on your investment horizon and purpose.

For Investors:

If you’re looking for long-term wealth preservation, gold remains a strong hedge against inflation and market volatility. A Systematic Gold Plan (SGP) or Gold ETFs could be a smart way to average your purchase cost over time.

For Wedding Purchases:

If you're planning to buy jewellery for weddings in the next 3–6 months, buying now makes sense. Prices have been trending upwards, and any global disruptions could further spike them.

Short-Term Traders:

Traders should tread carefully. While gold remains bullish, short-term fluctuations are common. Consider global economic cues and rupee-dollar movements before making bulk trades.

Expert View

Analysts tracking the commodity market believe that gold may continue its upward journey in the near term unless there’s a sudden appreciation in the rupee or a sharp correction in international prices.

Technical charts suggest support at ₹65,900 and resistance near ₹67,500 for 22K gold in India. A breakout above resistance could push rates significantly higher in the coming weeks.

How to Track Live Gold Prices Daily?

Most jewellers now provide daily rate updates on their apps and websites. You can also check mobile wallet apps or trusted commodity market tools to track live 22K and 24K prices in your city. It’s advisable to compare 2–3 sources to confirm prevailing rates before buying.

How Is Gold Taxed in India?

Understanding taxation can help make better buying decisions:

• GST: 3% on the value of gold, plus 5% on making charges if you're buying jewellery.

• Import Duty: As of May 2025, India levies 15% import duty on gold.

• Capital Gains Tax: If you sell gold after 3 years, it's taxed as long-term capital gains (20% after indexation). Before 3 years, gains are added to your income and taxed as per your slab.

Quick Tips for Buyers

• Always ask for a hallmark certificate to ensure purity.

• Compare making charges across jewellers. It can vary between 8–20%.

• Digital gold or sovereign gold bonds are great for investors seeking safety, liquidity, and tax efficiency.

• Monitor gold-silver ratio; a widening gap can give clues about where commodities are headed.

On May 20, 2025, gold prices across Indian metros remained in a tight range with a mildly bullish undertone. With rates for 22K gold hovering around ₹66,000–₹66,800 and 24K nearing ₹73,000 in some cities, buyers need to make informed decisions based on their purpose—investment or consumption.

As we head toward mid-year festivities and continued global uncertainty, gold is likely to remain in demand. Whether you’re buying for a wedding, investing long-term, or trading in the short term—this week offers a relatively balanced entry point.