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Gold, silver prices on May 20: Check latest rates in your city

Find out the rates for 22K and 24K gold, as well as silver, for the sixth day of the week.

Published on: May 20, 2023, 08:52:28 IST

By HT News Desk

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Gold prices on Saturday decreased by ₹300-400 as compared to the previous day. According to Goodreturns, 10 gram of 22 carat gold was priced at ₹55,800 whereas the same amount of 24 carat gold costs ₹60,870.

Price of 10 gram of gold was ₹60,870 on Saturday. (Mint file)

Silver prices also declined in the country as cost of 10 gram of the metal stood at ₹743 after a reduction of ₹2 when compared to Friday.

Cities	Gold (24K/10gm)	Silver (per 10 gm)
Chennai	₹61,360	₹780
Mumbai	₹60,870	₹743
Delhi	₹61,020	₹743
Kolkata	₹60,870	₹743
Bengaluru	₹60,920	₹780
Hyderabad	₹60,870	₹780
Kerala	₹60,870	₹780
Pune	₹60,870	₹743
Vadodara	₹60,920	₹743

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Factors determining silver price per 1 gram in India today

In India silver prices largely takes cues from what is happening in the international markets. Now we wish to state that gold and silver prices move almost in tune with each other. What we mean is that when gold prices go higher, silver prices too rally.

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