Gold Price Today August 20, 2026: MCX Gold Climbs as Dollar Weakens and US Bond Yields Decline
- August 20, 2026
- Posted by: Lakshit Sharma
- Category: Market
Gold price today: MCX Gold Oct Rs 1,58,084/10g (+0.06%). Silver Sep: Rs 2,39,338/kg (+1.08%). Dollar weakens on US bond buyback. Nifty: 24,212.
Quick Answer
Gold price today on August 20, 2026 shows MCX Gold October futures trading at Rs 1,58,084 per 10 grams, with the underlying supported by a weaker US dollar and declining US Treasury yields. An earlier morning reading cited in market reports showed MCX Gold October futures at Rs 1,58,521 per 10 grams, up 0.33%, while MCX Silver September contracts were at Rs 2,39,850 per kg, up 1.29% around 9:45 AM IST. Silver is outperforming gold today on the back of industrial demand expectations and its dual commodity-precious metal character.
MCX Gold Price Today: Futures Performance on August 20, 2026
The gold price today in India is being determined by the interplay of two key macro factors: falling US Treasury yields and a weaker US dollar. Both variables typically correlate positively with higher gold prices, as lower yields reduce the opportunity cost of holding non-yielding bullion and a softer dollar makes gold less expensive in foreign currency terms, spurring global buying.
| Contract | LTP (Rs) | Change (%) | Open (Rs) | High (Rs) | Low (Rs) |
|---|---|---|---|---|---|
| MCX Gold October 2026 | 1,58,084 | +0.06% | 1,58,008 | 1,58,750 | 1,58,008 |
| MCX Silver September 2026 | 2,39,338 | +1.08% | 2,38,500 | 2,41,167 | 2,38,500 |
| MCX Gold Mini October | 1,58,076 | +0.14% | 1,57,949 | 1,58,703 | 1,57,501 |
| MCX Silver Mini August | 2,40,826 | +1.18% | 2,38,000 | 2,41,963 | 2,38,000 |
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What Is Driving the Gold Price Today?
US Treasury Bond Buyback Announcement
The gold price today is getting its primary lift from the US Treasury Department’s decision to double its buyback of longer-term government bonds to $4 billion. This policy action reduces long-end Treasury yields, which compresses the dollar’s yield advantage over non-interest-bearing assets like gold. Lower yields typically translate directly into higher gold prices in global markets, and today’s MCX prices reflect this global trend.
Dollar Index Weakness
The US dollar index has weakened in today’s global session, which is a direct positive for gold prices. Gold and the dollar have a historically inverse relationship: when the dollar weakens, gold denominated in dollars becomes more affordable for international buyers, which stimulates demand and pushes prices higher. The rupee has also strengthened 19 paise against the dollar today, consistent with the broad dollar weakness theme.
Silver’s Strong Performance
Silver is outperforming gold today, with the September futures contract up 1.08% against gold’s 0.06% rise. This is partly because silver has stronger industrial demand drivers, including solar panel manufacturing and electric vehicle components. When investors expect improved global economic activity, silver tends to outperform gold. Silver ETFs like SILVERBEES and SBISILVER are up over 4% in today’s stock market session, reflecting the same underlying strength.
Global Geopolitical Context
Safe-haven demand for precious metals has been a persistent undercurrent in 2026. Gold has traditionally been bought as a store of value and portfolio hedge during periods of elevated geopolitical risk and macroeconomic uncertainty. The gold price today benefits from this structural demand even when specific triggers are macro-economic rather than geopolitical.
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Gold vs Silver Price Today: Which Is Performing Better?
On a percentage basis, silver is clearly the stronger performer today. MCX Silver September futures rose 1.08% compared to Gold October’s 0.06% gain. The gold-to-silver ratio, which had been elevated reflecting gold’s relative outperformance in earlier periods, is compressing today as silver catches up. This ratio compression is a common pattern when industrial demand expectations improve alongside precious metal sentiment.
For investors comparing gold ETFs vs silver ETFs as vehicles for exposure: silver ETFs on the NSE have gained over 4% today while gold ETFs are up over 2%. The higher gain in ETFs versus the underlying futures reflects the broader equity market support for both categories in today’s session.
Gold Rate in Major Indian Cities on August 20, 2026
Spot gold prices in Indian cities typically follow a combination of MCX futures pricing and local demand-supply dynamics, including import duties and jeweller premiums. Investors should note that the gold rate as quoted by jewellers includes making charges and GST, which are not reflected in MCX futures prices. For the most accurate spot prices in Delhi, Mumbai, Chennai, and Kolkata, consult India Bullion and Jewellers Association (IBJA) rates published daily on their website.
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Conclusion
The gold price today on August 20, 2026 is supported by a weaker dollar and lower US Treasury yields following the bond buyback announcement. MCX Gold October futures are at Rs 1,58,084 per 10 grams, while Silver September contracts are at Rs 2,39,338 per kg. Silver is outperforming gold today on the back of industrial demand and safe-haven sentiment. Verify all commodity prices with official MCX and IBJA data before transacting.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
What is the gold price today on August 20, 2026?
Ans. The gold price today on MCX shows October futures trading at Rs 1,58,084 per 10 grams, up 0.06% from the previous close of Rs 1,57,996. An earlier morning reading at 9:45 AM IST cited Rs 1,58,521 per 10 grams, up 0.33%. Prices have been volatile during the morning session.
What is the MCX silver price today on August 20, 2026?
Ans. MCX Silver September futures are trading at Rs 2,39,338 per kg on August 20, 2026, up 1.08% from the previous close of Rs 2,36,787. An earlier morning reading cited Rs 2,39,850 per kg, up 1.29% around 9:45 AM IST. Silver is outperforming gold today.
Why is gold price rising today?
Ans. Gold price today is rising because of two key factors: falling US Treasury yields (after the US Treasury doubled its bond buyback to $4 billion) and a weaker US dollar. Both factors increase gold’s relative attractiveness as a non-yielding, non-dollar asset. Global safe-haven demand is also a supporting factor.
Why is silver rising more than gold today?
Ans. Silver is rising more than gold today because of its dual nature as both a precious and industrial metal. Improving industrial demand expectations, particularly from the solar panel and electric vehicle sectors, add an extra premium to silver’s move. When global growth sentiment improves, silver typically outperforms gold.
What is the impact of the US bond buyback on gold price?
Ans. The US Treasury doubled its longer-term bond buyback to $4 billion, which reduced long-end Treasury yields. Lower yields compress the opportunity cost of holding gold (which pays no interest), making gold more attractive relative to interest-bearing assets. This is why gold prices rose globally on August 20, 2026.
What is 10 grams of gold price in Indian rupees today?
Ans. MCX Gold October futures price today is approximately Rs 1,58,084 per 10 grams as of the trading day on August 20, 2026. Spot gold prices in jewellery shops will differ based on local premiums, import duties, and GST. For official spot rates, refer to IBJA’s daily published rates.
Where can I buy gold in India and track live prices?
Ans. You can buy gold through physical jewellers, gold ETFs on NSE/BSE, Sovereign Gold Bonds issued by the RBI, or gold futures on MCX. For live gold price tracking, use IBJA, MCX, and the Univest app. This article is for educational purposes only and is not investment advice.