Gold Rate Today, May 20: Check 18, 22, 24 carat gold prices at major jewellery stores

Gold price in the physical or retail market declined today (May 20, 2026). On India Bullion and Jewellers Association (IBJA), fine gold (999 purity) is retailing for ₹15,796 per gm, while the price quoted at ₹15907 on the previous day.

Similarly, the price of 22 carat gold also fell from ₹15,526/gm on the previous day to ₹15,417 today. Also, the price of 18 carat gold took a hit and was retailing at ₹12,795, while it quoted at ₹12,885 on the previous day. The rate set by the IBJA is exclusive of 3% GST charge and making charges.

Retail gold prices in India are determined on a daily basis by adding the base wholesale rate as arrived at by associations like the IBJA with import duties, exchange rate, local cess and individual jeweller charges among others.

As of May 20, 2026, here below are the latest rates across major brands.

Tanishq: 22 carat gold is priced at ₹1,45,600 per 10 gm. 24 carat gold quoted at ₹1,58,840 per 10 gm. Also, 18 carat gold is priced at ₹11,91,300

Joyalukkas: 22 carat gold is priced at ₹1,45,150 per 10 gm. 24 carat gold quoted at ₹1,58,350 per 10 gm. Meanwhile, 18 carat gold is retailing for ₹1,18,760.

Malabar Gold: 22 carat gold is priced for ₹1,45,150 and 24 carat gold is retailing at ₹ 1,58,350 per 10 gm.

Kalyan Jewellers: 22 carat gold is priced for ₹1,45,150 and 24 carat gold is retailing at ₹1,58,350 per 10 gm. The price of 18 carat gold is ₹1,18,760 per 10 gm.

Factors affecting gold rate today

Gold prices continued to drift lower for the second straight day today. On the MCX, after a weak opening, and swinging between gains and losses, gold June futures at around 12:40 pm traded with a cut of 0.22% or ₹354 at ₹1,58,726 per 10 gm. The contract hit an intraday high of ₹1,60,378 and a low of ₹1,57,959. On the previous day, gold June futures closed at ₹1,59,080 per 10 gm.

The yellow-metal is facing pressure on the back of a stronger dollar and US treasury yields. Higher yields raise the opportunity cost of ‌holding non-interest yielding gold. Also a stronger dollar makes dollar-priced commodities such as gold more expensive for other currency holders.

Both the dollar and yield trended higher as investors bet on the possible hawkish stance by the Federal Reserve for controlling energy-driven inflation.

Meanwhile, on the US-Iran war front, Iran's Islamic Revolutionary Guard Corps (IRGC) has warned of taking the conflict beyond the Middle East in a case if the US resumes its attack on Iran. The warning was issued after the US President Donald Trump threatened striking Iran again.

US gold futures last at the time of publishing the copy at around 3 pm traded with a drag of nearly 1.7% at $4,480.6 per ounce.