On April 20, 2026, gold prices experienced a notable decline, falling by Rs 1,310 to Rs 53,299, as tensions in the Middle East escalated and the Strait of Hormuz faced closure. The rise in oil prices has further complicated the market outlook.
Physical gold rates have dropped up to Rs 5,000, while MCX silver prices fell by 2%. Investors are now keenly observing the situation, questioning what this means for future gold and silver rates.