Gold Rate Today, July 20: Prices increase; check 24, 22 and 18 carat rates across major jewellers

Gold prices continued to gain for the second straight day on Monday (July 20, 2026). According to GoodReturns.in, 24 carat gold increased in price by a mild ₹170 per 10 gm and was priced at ₹1,43,460. Similarly 22 carat and 18 carat gold also gained by ₹150 and ₹120, respectively, to ₹1,31,500 and ₹1,07,590.

In the last ten days, gold prices have shown heightened volatility in the backdrop of fresh escalation in the US-Iran conflict.

On July 20, 2026, gold prices per gm across major brands are as follows:

Joyalukkas: 24 carat gold quoted at ₹14,329 per gm, while 22 carat gold was priced at ₹13,135 per gm. Meanwhile, 18 carat gold was available for ₹10,747 per gm.

Kalyan Jewellers: 24 carat gold today is priced at ₹14,329 per gm, while 22 carat gold is available for ₹13,135 per gm. 18 carat gold was priced at ₹10,747 per gm.

India Bullion and Jewellers Association (IBJA): 999 purity gold in the evening session on July 17 traded at ₹1,41,159 per 10 gm.

Factors influencing gold rate today

Mirroring mild recovery internationally gold prices traded on a positive note. At around 9:30 am, gold August futures on the MCX traded higher by 0.39% or ₹1,41,459 per kg. In the previous session, the contract settled at ₹1,40,906 per 10 gm.

In early Asian trade, gold prices retreated lower following an escalation in the US-Iran war that drove oil prices above $90 per barrel. As of the last count, Brent crude traded with gains of over 2% at $90.25 per barrel.

Amid renewed inflationary concerns, several US Federal Reserve policymakers indicated that rate hikes may be required to check price increases.

Higher interest rates increase the opportunity-cost of holding non-interest-yielding assets like gold.

Spot gold traded higher by 0.13% at $4,022.93, while the US gold futures for August delivery was down by a significant 1.76% at $4,027.55 per ounce.

Experts suggests that gold may continue to correct in the near term amid several global developments taking place simultaneously.